Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Union members who build Boeing (NYSE: BA) fighter jets in the St. Louis area have rejected the aerospace giant’s latest contract proposal and will begin a strike at midnight Monday, the International Association of Machinists and Aerospace Workers (IAM) announced. The move impacts 3,200 employees who assemble military aircraft, including the MQ-25 refueling drone for the U.S. Navy.
IAM District 837 Business Representative Tom Boelling said members deserve a contract that reflects their skill, dedication, and importance to national defense. Boeing, however, expressed disappointment, noting the offer included a 40% average wage growth. “We are prepared for a strike and have fully implemented our contingency plan,” Boeing Air Dominance Vice President Dan Gillian said.
Boeing’s initial offer featured a 20% general wage increase over four years, a $5,000 ratification bonus, additional vacation, and more sick leave. The union rejected it as insufficient. The revised proposal, sent last week, made minor compensation adjustments for senior members and maintained current overtime rules after an earlier proposal to change them.
The strike comes as Boeing expands St. Louis manufacturing for the new U.S. Air Force F-47A fighter jet, following a contract win earlier this year. While significant, this labor action is smaller than last fall’s nearly two-month strike involving 33,000 machinists in Boeing’s commercial aircraft division, which ended with a 38% pay increase.
The outcome could influence Boeing’s defense production schedule at a time when the company is aiming to ramp up output of advanced military aircraft. Labor tensions may also impact Boeing’s ability to meet U.S. defense contract deadlines, making this dispute closely watched by industry analysts and investors.
