Axios

Former President Trump's rhetoric about Haitian immigrants in an Ohio town "has to stop," President Biden said on Friday, as Republican-driven pet-eating conspiracy theories have led to security threats for residents of the community.

The big picture: Springfield's mayor asked for support with immigration transitional resources as multiple buildings, including schools and City Hall, have been evacuated because of threats identified by law enforcement.

Boeing's turnaround effort suffered another setback today as thousands of workers walked off the job after overwhelmingly rejecting a contract offer.

Why it matters: A prolonged strike could cost Boeing billions — not ideal for a company sitting on a $45 billion debt pile, already struggling to ramp up production and repair a battered reputation.

Former President Trump on Friday said he "is not going to sell" his shares in the parent company of Truth Social.

Why it matters: Trump is just days away from the expiration of a "lockup" provision on the shares, which was put in place when it went public back in March.

Boar's Head is shutting down the Jarratt, Va., plant at the center of a deadly listeria outbreak, the company announced Friday.

The big picture: At least 57 people have been hospitalized across 18 states and 9 deaths have been reported in connection to the largest listeriosis outbreak since 2011, according to the Centers for Disease Control and Prevention.

One of the nation's biggest auto lenders says its customers are falling behind on car payments — the latest evidence of consumer stress in the economy.

Why it matters: National data shows rising auto delinquencies, a trend that indicates the extent of financial constraint facing consumers that typically prioritize car payments.

Vista Outdoors said the Czech bidder pursuing its ammunition unit for $2.15 billion has agreed to buy a 7.5% stake in the company's outdoor products division, in a sweetened offer to fend off a rival.

Why it matters: The Czechoslovak Group's revised offer puts the pressure back on MNC Capital and the investment firm's own effort to strike a deal to buy the company.

German national railroad operator Deutsche Bahn today announced that it will sell its logistics business, DB Schenker, to Danish transport company DSV for €14.3 billion. The losing bidder was CVC Capital Partners.

Why it matters: This was a Bizarro World sort of process, leaving confusion in its wake.

Three biotech startups priced IPOs last night, each raising more money than initially planned.

Why it matters: This is a reminder that the IPO pool is open for those with the courage to dive in.

China's benchmark CSI 300 index is now at its lowest point since January 2019 — almost 50% below its 2007 high.

Why it matters: The stock market slump reflects that Chinese consumers still aren't spending, as the country's housing slump continues to infect the broader economy.

U.S. drivers won't switch to an EV until it's cheaper and easier than driving a gasoline vehicle. In some countries, that's already happened.

Why it matters: American drivers who log a lot of miles still generally drive gas-powered cars, especially for long-distance trips.

Thousands of Boeing workers walked off the job Friday after members of the aircraft maker's biggest union overwhelmingly rejected a contract offer late Thursday and voted to strike.

Why it matters: The work stoppage comes as the embattled aerospace titan is trying to ramp up production and improve its image after its reputation took a hit following a series of quality and safety issues.

Former President Trump said during a campaign rally Thursday that he will cut taxes on overtime pay if he is re-elected.

The big picture: The move is the latest in a series of sweeping tax cuts Trump has proposed to target working people in the months before the 2024 election.