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Last week, a cargo ship temporarily lost power and spun out of control, causing it to slam into the Francis Scott Key Bridge near Baltimore. The bridge collapsed, sending two construction workers to their deaths. Two other construction workers were injured, and four others are currently unaccounted for and are presumed dead.
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Costco, the membership warehouse club known for its $1.50 hot dogs and $2,000 gold bars, is now offering its members prescriptions to Ozempic, Wegovy, and other weight loss drugs.
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It’s becoming a little bit clearer how Boeing’s 737 Max mess got to be as bad as it is. A Wall Street Journal investigation uncovered that it took Boeing 18 days to fix the door plug that eventually gave out during an Alaska Airlines flight in January. The paper reports that 737 Max planes were usually able to get through the company’s Renton, Washington factory in a week or two; after the issue was resolved, the plane still continued to sit in the factory for another month before getting shipped off to Alaska Airlines.
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Consulting firm McKinsey & Co. is paying its underperforming staffers to embark on the job hunt. Instead of taking on new projects, managers at the consultancy’s U.K. offices will receive nine months of pay and continue to have access to its career-coaching services while looking for a new position, London-based newspaper The Times reported over the weekend. There are some strings attached, however: If managers don’t find another job at the end of the nine months, they have to leave the firm.
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The U.S. is stepping up its efforts to curb Chinese advanced chipmaking, and is reportedly asking one of China’s key trading partners to adopt similar export controls on semiconductor tools.
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It turns out that Boeing isn’t the only aerospace manufacturer giving airlines headaches. On Friday, Spirit told investors that it had reached an agreement with the engine supplier for its Airbus planes that will credit the carrier for planes it can’t fly because of a parts flaw. Spirit expects that the credits will be worth somewhere between $150 million and $200 million.
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Office sector vacancy set a new record last quarter showing turmoil has continued to deepen
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Chase Media Solutions will allow advertisers to market to Chase bank customers based on first-party financial data
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