FAA Halts Production of Boeing Plane & Plans to Build Tallest Skyscraper in the U.S.

Heyo, reader! We hope you’re having a productive Thursday morning!

2️⃣ This Morning’s Two Reports:

• 🚀 FAA Puts Brakes on Boeing 737 Max Expansion

• 🌆 Oklahoma's Sky-High Ambition

📊 Market Snapshot

• DOW: 🔽 0.26% (37,806.39)

• S&P 500: 🔼 0.081% (4,868.55)

• NASDAQ: 🔼 0.36% (15,481.92)

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_{*Stock numbers as of market close, cryptocurrency as of 7:10pm EST yesterday.}

First Report

🚀 FAA Puts Brakes on Boeing 737 Max Expansion

The Federal Aviation Administration (FAA) has put a temporary stop to Boeing's 737 Max aircraft production expansion, following a safety incident on an Alaska Airlines flight where a door plug blew out. FAA Administrator Mike Whitaker made it clear that Boeing's return to regular operations is not on the horizon, stating, "This won’t be back to business as usual for Boeing." He asserted that no expansion or additional production lines for the 737 Max will be approved until all quality control issues are thoroughly resolved. Despite this setback, the FAA has cleared the Max 9 model for service resumption. This decision comes amidst Boeing's efforts to increase production to meet airline demands post-Covid-19 pandemic, even as the company faces a drop in shares by about 4% after the announcement. 🛫🛠️

TL;DR ⏳: FAA restricts Boeing's 737 Max production expansion but clears Max 9 for service.

Second Report

🌆 Oklahoma's Sky-High Ambition

Oklahoma City is aiming high with plans to build what could become America's tallest skyscraper. Matteson Capital's ambitious project, named the Boardwalk at Bricktown, was greenlit by the city council last August. The complex will feature four towers, including three standing at 345 feet, and offer residential units, two hotels, condos, and over 100,000 square feet of commercial and community space. The centerpiece tower, originally planned at 1,750 feet, is now set to soar to a staggering 1,907 feet. This height is not just a number—it symbolizes the year Oklahoma joined the union. If successful, this tower will surpass One World Trade Center's 1,776 feet to become the tallest in the U.S., and the sixth tallest globally. 📐🏙️

TL;DR ⏳: Oklahoma City could soon boast the tallest building in the U.S., with plans for a 1,907-foot skyscraper, symbolizing the state's 1907 entry into the union.

⚡ Quick Hits

1. ✈️ Russia claims Ukrainian POWs plane crash with no survivors, accuses Kyiv of shooting it down

2. ⚖️ US Supreme Court refuses to stop Alabama inmate's execution by nitrogen gas

3. 🚫 Ohio outlaws gender-affirming care for minors, limits transgender athletes despite governor's veto

4. 👮‍♂️ Minnesota State Trooper faces murder charges in motorist shooting

5. 🤝 United Auto Workers back Biden, union leader labels Trump a 'scab'

6. 🗳️ Biden rival Dean Phillips secures nearly 20% in New Hampshire primary

7. 🏛️ White House reportedly postpones decision on massive natural gas export terminal

8. 🇭🇺 Viktor Orbán confirms Hungary's approval of Sweden's NATO membership

9. 🍾 Saudi Arabia set to open first alcohol store in over 70 years

10. 💻 Microsoft momentarily hits $3 trillion market value

Games

Fun Fact: Did you know? The average person is a secret globetrotter? Over a lifetime, you'll walk the equivalent of five times around the world! That's right, no need for a passport or luggage, just your trusty feet taking you on an epic journey, one step at a time. So next time you're walking, remember, you're on a world tour! 🌏👟