Boeing factory in Renton, Washington. Photo: Jason Redmond/AFP via Getty Images

Boeing will temporarily suspend production of its 737 MAX in January as it continues to grapple with the ongoing issues that caused two fatal crashes and prompted the company to ground the jet for nine months, according to the New York Times.

Why it matters: The suspension will likely hurt manufacturers and part suppliers who rely on Boeing's business. The company is the largest component of the Dow Jones Industrial Average and the nation's biggest manufacturing exporter, according to the Times.

The big picture: It’s the latest setback for Boeing as lawmakers and regulators question what the company knew about faulty technology that played a role in two crashes that killed a total of 346 people. The announcement also comes days after the Federal Aviation Administration threw cold water on Boeing’s rosy expectations of getting the 737 MAX back in service.

  • In April, the company slowed production of the jets from 52 per month to 42.
  • Boeing says it plans to reallocate employees who worked on the MAX to different projects and will look to avoid layoffs or furloughs.
  • The company is also looking for a way to avoid completely disrupting supplier relationships, and it may continue to accept parts while waiting to restart production.

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Ohio Gov. Mike DeWine tests positive for coronavirus ahead of Trump visit

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine has tested positive for COVID-19 and plans to quarantine at his home for the next 14 days, his office announced Thursday. He currently has no symptoms.

Why it matters: The 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol. He is the second governor known to have contracted the coronavirus, after Oklahoma Gov. Kevin Stitt (R).

This story is developing. Please check back for updates.

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NOAA warns of potential for "extremely active" Atlantic hurricane season

Hurricane Isaias makes landfall in Garden City, South Carolina. (Photo by Sean Rayford/Getty Images)

National Oceanic and Atmospheric Administration forecasters warned Thursday of the potential for an "extremely active" hurricane season in the Atlantic.

The big picture: The agency expects 19 to 25 named storms — with three to six major hurricanes — during the six-month hurricane season, which ends Nov. 30. The average season produces only 12 named storms.

New York AG files lawsuit to dissolve NRA

Wayne LaPierre. Photo: Saul Loeb/AFP via Getty Images

New York Attorney General Letitia James filed a lawsuit Thursday to dissolve the National Rifle Association, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.

Why it matters: The NRA is the most powerful gun lobby in the country and receives a huge amount in donations each year, but New York's investigation claims that CEO Wayne LePierre and other top leaders undermined the organization's mission for their own personal benefit.