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FAA: Boeing & Spirit have failed to comply with quality control

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The FAA’s production audit into Boeing and supplier Spirit AeroSystems has found multiple instances where the companies allegedly failed to comply with manufacturing quality control requirements.

The FAA’s decision comes after a thorough review revealed concerns about the manufacturing process, raising alarms over the safety and reliability of the aircraft.

Boeing, a major player in the aerospace industry, now faces a setback as the FAA has ordered a temporary halt to the production of the 737 MAX until the identified quality control issues are addressed and rectified.

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Leaders

Trump does not want another debate rematch with Harris

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Republican nominee Donald Trump said on he would not participate in another presidential debate against Kamala Harris ahead of the Nov. 5 election.

“THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social.

Although Trump touted his performance on Tuesday against Harris, six Republican donors and three Trump advisers believe Harris had won the debate largely because Trump was unable to stay on message, according to a report by Reuters. #featured #trending

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Billionaire & engineer make history after world’s first private space mission

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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Money

What to expect for IPO markets

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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