Boeing says the pandemic will reduce demand for new planes for the next decade, long after experts expect a vaccine for COVID-19. The company updated its forecast of the airplane market on Tuesday. It remains upbeat about long-term prospects driven by increasing air travel in Asia. Boeing, which along with Europe’s Airbus dominates the aircraft-building industry, has seen orders and deliveries of new planes crumble this year. The Chicago-based company was already under pressure from the grounding last year of its best-selling plane, the 737 Max, after two deadly crashes.
Top News
Posted inArticle
Verizon to buy prepaid phone seller Tracfone for up to $6.9B
Verizon, the country’s largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its low-income customer business. Tracfone, a subsidiary of Mexico telecom giant America Movil, is the largest U.S. mobile reseller. It doesn’t build its own network, instead paying companies like Verizon, AT&T and T-Mobile a fee to use theirs. Nearly two-thirds of Tracfone’s 21 million U.S. customers get their service from Tracfone renting Verizon’s network. Verizon said it expects the deal to close in the second half of 2021. Regulators must approve it.
Posted inArticle, Politics
New Trump rule ties college funding to speech, faith rights
The Trump administration is moving forward with a policy that expands protections for religious groups on college campuses and threatens to cut federal education funding to colleges that violate free speech rules. The rule issued Wednesday by the Education Department cements much of what President Donald Trump outlined in a March 2019 executive order demanding wider speech protections at U.S. colleges. In taking up the issue, Trump highlighted concerns from conservatives who complained that their voices had been suppressed on university campuses. The new policy allows the Education Department to suspend or terminate grants to public universities found in court to have violated the First Amendment.
Posted inArticle, Business
Samsung wins $6.6 billion Verizon contract for 5G network
Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday. The contract runs through 2025. Samsung has developed limited 5G systems for Verizon before, and Verizon said it was excited to expand the relationship. The South Korean technology giant beat out rivals like Finland’s Nokia, which has also worked with Verizon in the past. But another rival, China’s Huawei Technologies, was off the table. The U.S. government has warned U.S. and European phone carriers against Huawei because it considers the company a security risk.
Posted inArticle, Arts And Culture
‘The Batman’ shoot suspended after positive COVID-19 test
A person involved with “The Batman” production has tested positive for COVID-19 and the U.K shoot has been temporarily suspended. A spokesperson for Warner Bros. said Thursday that the individual is isolating in accordance with established protocols. Robert Pattinson is starring in the new film from director Matt Reeves which had resumed filming just a few days ago after an almost six-month hiatus because of the coronavirus pandemic. The film was originally supposed to hit theaters in June 2021 but was pushed back to October because of the production delays.
Posted inArticle, Health
CDC has not reduced the death count related to COVID-19
Some widely shared social media posts suggest the U.S. Centers for Disease Control and Prevention “backpedaled” on the number of deaths caused by COVID-19, but an AP Fact Check finds that’s not true. In recent tweets, supporters of the QAnon conspiracy theory misrepresented CDC figures, stating that the government’s health agency had reduced the number of U.S. COVID-19 deaths to just over 9,000. President Donald Trump was among those who tweeted the information, which was later taken down by Twitter for violating platform rules. As of Aug. 26, the CDC says, there were more than 160,000 deaths where COVID-19 was listed on the death certificate.
