Boeing confirmed that it's in talks to acquire Spirit AeroSystems, the jet-fuselage business that's been engulfed in questions over quality issues.
Why it matters: Boeing is under pressure to improve its operations after an emergency exit door flew off an Alaska Airlines flight in mid-air in January, causing the temporary grounding of all 737 MAX 9 planes in U.S. territory.
Data: Insurify; Note: Based on Insurify's database of 97 million rates from car insurance applications over the past five years. Full-coverage premium averages include bodily injury limits between state minimums and $50,000, property damage limits between $10,000 and $50,000, and comprehensive and collision coverage deductibles of $1,000; Chart: Axios Visuals
Car insurance rates aren't rising at last year's torrid pace, but they're still poised to exceed inflation again in 2024, Nathan writes.
The big picture: Pandemic-era jumps in vehicle prices, more frequent severe weather and increasingly risky driving patterns have driven up insurance rates.
"It's starting to have a huge impact on American drivers," Insurify data insights manager Chase Gardner tells Axios.
Elon Musk's lawsuit against OpenAI and its CEO Sam Altman seeks to disrupt the ChatGPT creator's relationship with Microsoft, its most important investor and customer.
Why it matters: Microsoft has tied its AI fortunes closely to OpenAI, as evidenced by how quickly the tech giant jumped to restore Altman to the top job when he was briefly ousted last year.
Bumble has appointed Slack alum Gabrielle Ferree as vice president, global communications.
Why it matters: Ferree is part of a broader leadership change taking place at Bumble, which recently appointed Lidiane Jones as CEO in place of founder Whitney Wolfe Herd.
Private equity firm Thoma Bravo on Friday increased the amount it's paying to acquire Everbridge, a publicly traded provider of critical event management and national public warning software, by 22.4% to $1.8 billion.
Why it matters Most take-private agreements include "go-shop" provisions, but this is one of the rare times that it mattered.
One of the fastest-growing areas of the economy is clubs selling exclusivity — persuading the very rich that behind certain politely guarded doors lies an expanse of grass that's especially green.
Why it matters: Positional goods have historically mostly been material — the bigger house, the nicer car, the fancier handbag. Increasingly, along with the rest of the economy, they're becoming experiential.
Soaring food prices have taken a serious bite out of consumer spending, but there's at least one item that's consistently bucked the trend: bananas.
Why it matters: The U.S. imports more bananas by volume than any other country, according to the Food and Drug Administration. Despite their popularity, bananas are significantly cheaper than their peers in the fruit world.
