Boeing has advised airlines to conduct inspections of its 737 Max jets for potential loose hardware in the aircrafts' rudder control systems.
Driving the news: The move comes after an unnamed international airline discovered a "bolt with a missing nut" during a routine maintenance inspection, the Federal Aviation Administration said Thursday.
TikTok star Keith Lee's presence is enough to put a city's entire food scene on high alert.
Why it matters: Lee's ability to boost business at restaurants in cities across the country has been dubbed the "Keith Lee Effect" and made his visits highly sought after for local food scenes.
Pharma and biotech deal values spiked more than 35% in 2023, per data from the London Stock Exchange Group, running counter to the broad market.
Why it matters: Health care dealmakers are primed for a busy 2024 as financing markets recover, competition heats up and drug pricing regulation takes shape.
College football fans in California and Texas are driving ticket sales for this New Year's Six bowl games, according to data SeatGeek shared with Axios.
What's happening: The ticket reseller tracked regional sales for the sport's premiere bowl games, highlighting the top five states where fans are purchasing tickets.
Consumers will be feeling the impact of streaming services' price increases in 2024, as nearly every major streamer has bumped up their subscription fees.
Why it matters: The price hikes are part of media companies' push to recoup their investments on the expensive and largely unprofitable pivot to streaming.
Non-bank lenders continue to dominate the market for mergers and acquisition (M&A) financing and other funding tools, stepping in where Wall Street remains on the sidelines.
Why it matters: The soaring private credit market is filling a banking gap created by inflation and interest rates spikes, adding both risk and reward for those seeking deals in a down market.
Global merger and acquisition activity in 2023 fell 17% to $2.87 trillion, the lowest level in over a decade, according to London Stock Exchange Group data.
Why it matters: A slow M&A market can strain companies seeking growth or investment.
Apple won a temporary pause Wednesday on the U.S. International Trade Commission's decision to ban sales of Watch Series 9 and Watch Ultra 2 models in the United States.
Why it matters: The U.S. Court of Appeals for the Federal Circuit's interim order prompted Apple to announce that it would resume selling the wearables in stores around the country on Wednesday and online from 3pm Thursday ET as the tech giant continues to appeal the ban.
The House Ethics Committee announced Wednesday an investigation into Rep. Sheila Cherfilus-McCormick (D-Fla.) over allegations of campaign finance law violations.
Driving the news: The panel announced a subcommittee will investigate the allegations surrounding campaign finance law violations regarding her "2022 special election and/or 2022 re-election campaigns," according to its Wednesday statement.
The NBA approved on Wednesday billionaire Mark Cuban's majority stake sale in the Dallas Mavericks to the families that run a Las Vegas casino company.
Why it matters: The deal, estimated at around $3.5 billion, allows Cuban to retain oversight of the team's basketball operations and could enable the family to build a new arena and push for legal gambling in the state, per Axios Dallas.
U.S. public pensions have invested more than $68 billion into private Chinese entities over the past three years, ending June 30, according to data from pro-democracy trade advocacy group Future Union.
Retail trading giant Robinhood has announced a deal to acquire U.K.-based Chartr Limited, a media company that specializes in data visualization and newsletters, to add to its in-house, independent media brand Sherwood Media.
Why it matters: The acquisition is intended to help Sherwood expand its editorial offerings as it gears up to launch a news hub early next year.
