Boeing (BA) is facing a host of issues, from the Federal Aviation Administration's (FAA) probe of the company's 787 Dreamliner inspections to the Alaska Airlines (ALK) mid-flight door blowout. US Secretary of Transportation Pete Buttigieg talks to Yahoo Finance's Brian Sozzi about how the Department of Transportation is looking at the company. "The good news is that there has been a lot of engagement. They've taken a number of steps in response to the pressure that the FAA is putting on them, but there's still a long way to go," Sec. Buttigieg says. The FAA is barring Boeing from increasing its production rate until the company has proven that it can address the mounting safety concerns. "At the end of the day, it's all about the results. They're saying the right things, they're taking encouraging steps, but we need to make sure that we see it on the shop floor, that we see it in terms of the quality of the product that rolls off the line," he adds. On whether Americans can trust Boeing, Sec. Buttigieg says, "Look, I'm on a Boeing airplane every few days... so this is personal to me as well as something I care about as a policymaker. And bottom line is the FAA is not going to allow anything to go forward that they're not satisfied is safe." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
"The team has been in meetings for two consecutive days, assessing flight rationale, system performance, and redundancy," NASA said. The latest postponement of Starliner's debut mission with humans aboard comes as mission officials deepen their review of a helium leak in Starliner's propulsion system, which was discovered alongside an issue with the Atlas booster shortly before the spacecraft was poised to launch from Florida on May 7.
Today's Research Daily features new research reports on 16 major stocks, including Advanced Micro Devices, Inc. (AMD), PepsiCo, Inc. (PEP) and SAP SE (SAP), as well as two micro-cap stocks FitLife Brands, Inc. (FTLF) and National Presto Industries, Inc. (NPK).