Jan 24, 2019

Boeing’s pilotless vehicle flies for first time

Photo: Boeing

Imagine a helicopter and a small propeller plane had a baby: That's what Boeing's new autonomous "passenger air vehicle" — apparently they can't settle on a name either — looks like.

Details: The plane-copter-thing is electric and can fly on its own for 50 miles — including vertical takeoff and landing, Boeing says. It flew for the first time yesterday. Several companies, including Uber, are working on autonomous flying for short in-city hops. Air travel has its own challenges, but in one way, it's easier than autonomous driving: There are far fewer obstacles.

What's next: Boeing's urban mobility division is also working on a version to carry 500 pounds of cargo, which it says it will test outdoors this year.

Go deeper: Self-flying aircraft an overlooked opportunity in autonomous transport

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Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all stock deal, the Wall Street Journal reports, with plans to restructure the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.

Go deeper: Six of the biggest U.S. banks have weaknesses in their crisis plans

The new not-normal: The Trump state

Photo Illustration: Eniola Odetunde/Axios. Photos: Chris Graythen/Getty Images

Donald Trump changed how to run for president. Next, he changed the Republican Party. Now, he’s changing the presidency and the boundaries of executive power. 

In the past week, Trump has purged internal dissenters, imported loyalists, pardoned political and financial criminals and continued a running commentary on live Justice Department criminal cases — despite an unprecedented public brushback from his attorney general.

Bloomberg's rough debut

Photo: John Locher/AP

Mike Bloomberg was booed during his debut debate as a Democratic presidential candidate — indicative of a rusty outing where the former New York mayor looked unprepared to respond to obvious lines of attack.

Why it matters ... The debate underscored the Bloomberg’s campaign biggest fear: It's hard to hide to his prickly demeanor. Bloomberg had all the time, practice and forewarning money could buy — and still struggled mightily on the public stage.