Reuters ahead with key Boeing news; market reacts
Reuters exclusively reported that Boeing was set to restart 737 MAX production by May. Boeing stock rose more than 30% by midday on the news, buoyed also by signs of a stimulus package for the aerospace industry. Details of the package were reported first by Reuters.
Reuters also interviewed the chief financial officer of Boeing, who stood by a planned $4.2 billion acquisition of the commercial activities of Brazil’s Embraer, saying it remained a strategic priority. Embraer’s stock rose as much 37% on the news, which boosted confidence in the deal after a slump in Embraer’s share price raised questions over its financial terms.