Boeing secures over $12B in financing from more than a dozen banks, CNBC says » 15:1101/2701/27/20
Boeing, which was…
Crashed plane was military version of Bombardier business jet, Fox News says » 11:5301/2701/27/20
A U.S. military official…
Boeing plane operated by Ariana Afghan crashes in Ghazni province, Reuters says » 05:3701/2701/27/20
Arif Noori, a spokesman…
AbbVie, Allergan announce agreement to divest brazikumab, Zenpep » 05:1601/2701/27/20
ABBV, AGN, AZN, NSRGY
AbbVie (ABBV) and…
New Boeing 777X completes first flight » 16:0601/2601/26/20
The new Boeing (BA) 777X…
The new Boeing (BA) 777X jetliner took to the skies on Saturday, entering the next phase of its test program. Based on the 777 and with proven technologies from the 787 Dreamliner, the 777X took off in front of thousands at Paine Field in Everett, Washington, at 10:09 a.m. local time for a three-hour, 51-minute flight over Washington state before landing at Seattle's Boeing Field. The first of four dedicated 777-9 flight test airplanes, WH001 will now undergo checks before resuming testing in the coming days. The test fleet, which began ground testing in Everett last year, will endure a comprehensive series of tests and conditions on the ground and in the air over the coming months to demonstrate the safety and reliability of the design. The newest member of Boeing's market-leading widebody family, the 777X will deliver 10% lower fuel use and emissions and 10% lower operating costs than the competition through advanced aerodynamics, the latest generation carbon-fiber composite wing and the most advanced commercial engine ever built, GE (GE) Aviation's GE9X. Boeing expects to deliver the first 777X in 2021. The program has won 340 orders and commitments from carriers around the world, including ANA, British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, Lufthansa, Qatar Airways and Singapore Airlines.
Fly Intel: Wall Street's top stories for Friday » 16:1701/2401/24/20
INTC, DFS, AXP, CYOU, SOHU, CBB, BIP, BA, EHTH, TEAM, SYF, ERIC
Stocks closed out a down…
FAA's Dickson says MAX could return before mid-year, Reuters reports » 14:5401/2401/24/20
Federal Aviation Administrator Steve Dickson is telling senior U.S. officials that the agency could clear the grounded Boeing 737 MAX's return to the air before the middle of the year, Reuters' David Shepardson reports. The calls from Dickson come days after the U.S. planemaker announced that it was pushing back its timeline for approval of the aircraft's return and "currently estimating that the ungrounding of the 737 MAX will begin during mid-2020," Shepardson says. The agency said that Dickson is making calls "to reiterate that the FAA has set no time frame for completion of certification work on the aircraft," with the agency adding that it is "pleased with Boeing's progress in recent weeks toward achieving key milestones," the author notes. Shares of Boeing rose 1.5% following the news. Reference Link
Boeing spikes from $312.62 to $318.55 after FAA comments 14:4401/2401/24/20
FAA's Dickson says MAX could return before mid-year, Reuters reports » 14:4201/2401/24/20
The FAA said it was…
The FAA said it was pleased with Boeing's (BA) progress in recent weeks toward achieving key milestones, according to Reuters, which added that FAA administrator Stephen Dickson said the return for MAX has no set time frame, but could possibly come before mid-year.
Nestle partners with Merit, Burcon over plant protein ingredients » 12:1701/2401/24/20
Merit Functional Foods…
Merit Functional Foods and its technology partner Burcon NutraScience announce they have entered into a joint development agreement with Nestle. The goal of the joint agreement is to develop and commercialize Merit's novel plant protein ingredients for use in Nestle's plant-based foods and beverages. The joint agreement commences a long-term relationship among the parties, covering Merit's novel proteins. Merit is currently building its commercial-scale production facility, which is expected to be completed by the fourth quarter of 2020. "Partnering with Nestle - a global leader in food and nutrition - is a great milestone for Merit Functional Foods," Merit Co-CEO Ryan Bracken said. "Merit has already demonstrated the impact of our novel proteins in plant-based foods. This new partnership helps build on this, and it's a major step in developing the next generation of nutritious and delicious plant-based products that draw on the benefits of our novel proteins."