Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Senate Commerce Committee chairman Roger Wicker (R-Miss.). Photo: Chip Somodevilla/Getty Images

The Senate Commerce Committee said Tuesday it's investigating multiple whistleblower complaints accusing the Federal Aviation Administration of improperly training its aviation safety inspectors, including some who reviewed the now-grounded Boeing 737 MAX 8 jets involved in two recent crashes.

Details: Committee chairman Roger Wicker (R-Miss.) said in a letter to acting FAA administrator Daniel Elwell that information obtained from the whistleblowers suggested that the FAA may have been notified about training and certification concerns as early as August 2018 — before the Lion Air crash in October. He also noted that he's concerned about those who have been improperly trained and certified and may have participated in evaluations of Boeing 737 MAX flight control systems suspected of causing both crashes.

  • Boeing 737 MAX’s Maneuvering Characteristics Augmentation System (MCAS), an automated flight-control system, has come under scrutiny in the wake of the fatal crashes. Investigators believed it was erroneously activated during the Lion Air flight in Indonesia, and the system may have played a role in last month's crash.
  • The FAA, which is responsible for certifying new planes, has faced backlash for not grounding the Boeing 737 MAX jets faster, as well as for delegating certification activities to Boeing.
  • Wicker did not say whether the whistleblowers worked for the FAA, another agency or Boeing.

Go deeper: Everything you need to know about the Boeing 737 MAX crashes

Go deeper

28 mins ago - Technology

Exclusive: Facebook's blackout didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the ad blackout barely made a dent.

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

2 hours ago - Health

Moderna to file for FDA emergency use authorization for COVID-19 vaccine

Photo illustration by STR/NurPhoto via Getty Images

Moderna announced that it plans to file with the FDA Monday for an emergency use authorization for its coronavirus vaccine, which the company said has an efficacy rate of 94.1%.

Why it matters: Moderna will become the second company to file for a vaccine EUA after Pfizer did the same earlier this month, potentially paving the way for the U.S. to have two COVID-19 vaccines in distribution by the end of the year. The company said its vaccine has a 100% efficacy rate against severe COVID cases.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!