Apr 24, 2020 - Economy & Business

Coronavirus threatens to further delay return of Boeing's 737 MAX

Photo: Thierry Monasse/Getty Images

The return of Boeing's 737 MAX will likely be delayed until at least late summer as the coronavirus pandemic presents new challenges for the troubled jet's recertification process, the Wall Street Journal reports.

Why it matters: With the airline industry suffering amid coronavirus-driven travel restrictions, the plane's return could have given Boeing a much-needed financial boost.

  • Boeing, missing out on revenue from failed MAX deliveries to airlines, is seeking federal stimulus aid as its production slows. The company is also pondering layoffs to shore up its financial situation.

The state of play: The FAA has yet to approve the details of two outstanding software fixes — and its work has been slowed by stay-at-home orders.

  • Other portions of the process to get the MAX flying again, like test flights and work with international regulators, have also been affected by the pandemic.

What to watch: Boeing CEO David Calhoun will likely address the coronavirus-driven challenges next week at the company's shareholders meeting.

  • The company will also report its first-quarter earnings on Wednesday.

Go deeper

Updated 6 hours ago - Health

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Florida reported on Wednesday its largest number of new novel coronavirus cases in a single day since April 17. 1,317 people tested positive to take the state total to 58,764, per the state's health department. Despite the rise, Florida Gov. Ron DeSantis said bars and clubs could reopen on Friday.

By the numbers: More than 107,000 Americans have died of the coronavirus and over 1.8 million people have tested positive, per data from Johns Hopkins. More than 479,000 Americans have recovered and over 18 million tests have been conducted.

Jun 3, 2020 - Health

Concerns about at-home coronavirus testing

Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

The latest wave of coronavirus testing concerns has arrived, this time about new at-home tests that are hitting the market, the Wall Street Journal reports.

Between the lines: Experts are worried about the accuracy of the tests and about limitations on who can access them.

The risk asset rally continues as stock market rebounds

Illustration: Sarah Grillo/Axios

Risk assets have jumped over the past week and continued their rally on Wednesday, with the S&P 500 gaining for a fourth straight day and posting its highest close since March 4, while the Nasdaq ended the day just 1.4% below its all-time high.

What it means: If it hadn't been evident before, Wednesday's market action made clear that the bulls are back in charge.