Jan 18, 2017 - Politics & Policy

Trump orders 10% cut in F-35 price

Rick Bowmer / AP

The president-elect has told Lockheed Martin the $380 billion fighter-jet program must shrink, Bloomberg reports.

Trump has been aggressive in pushing defense contractors to cut cost. On Tuesday, he met with Boeing Chief Executive Dennis Muilenburg to keep pushing for a lower-cost Air Force One replacement.Also worth noting: Trump has asked Boeing to price out a possible substitute for the F-35, though that seems unlikely. Still, it shows extraordinary market intervention before even taking office.

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Marisa Fernandez
25 mins ago - Health

Florida fully lifts coronavirus restrictions on restaurants

Photo: Don Juan Moore/Getty Images

Florida Gov. Ron DeSantis (R) announced Friday the state will completely reopen its economy, allowing restaurants at operate full capacity and barring localities from ordering businesses to close.

Why it matters: The state became one of the world's epicenters for the virus in July, forcing DeSantis to pause its first round of reopening.

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Joann Muller, author of Navigate
2 hours ago - Economy & Business

Eyeing the end of gas-powered cars

Illustration: Eniola Odetunde/Axios

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.

The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.

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Orion Rummler
3 hours ago - Politics & Policy

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

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