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Welcome to The Hill’s Business & Economy newsletter
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Business & Economy
Business & Economy
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The Big Story
Boeing plea deal rejected in setback to company
A federal judge specifically rejected provisions that would require Boeing and the Justice Department to consider race when hiring an independent monitor.
Judge Reed O’Connor of the Northern District of Texas rejected a proposed plea deal that would have allowed Boeing to plead guilty and pay a fine for two fatal 737 Max crashes, thrusting the airline giant back into uncertain legal territory.
He gave Boeing and the DOJ 30 days to present a new plan for how to proceed.
The decision is a setback for Boeing, which has weathered intense scrutiny since the door of a 737 Max 9 flew off during an Alaska Airlines flight in January.
Federal prosecutors charged Boeing in 2021 with conspiracy to defraud the U.S. and accused the company of misleading the Federal Aviation Administration about issues with its Maneuvering Characteristics Augmentation System software, which played a role in both crashes.
Read the full report at TheHill.com.
Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
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Lobbying Line
The latest moves in some of Washington’s biggest lobbying battles:
The latest edition of The Hill’s Top Lobbyists list dropped this morning. Who made the cut?
Essential Reads
Key business and economic news with implications this week and beyond:
Trump nominates financial software giant’s CEO to lead Social Security Administration
President-elect Trump tapped financial software giant CEO Frank Bisignano late Wednesday to lead the Social Security Administration (SSA) in his second administration.
Full Story
Judge rejects Boeing plea deal in 737 Max crashes
A federal judge on Thursday rejected a proposed plea deal that would have allowed Boeing to plead guilty and pay a fine for two fatal 737 Max crashes, thrusting the airline giant back into uncertain legal territory.
Full Story
No more bye-bye for Chi-Chi’s: Restaurant chain reopening after 20-year hiatus
Chi-Chi’s is not yet ready to say ta-ta — the chain is poised to reopen some of its restaurants after shutting its doors in the U.S. two decades ago.
The Hill’s Evening Report breaks down the day’s big political stories and looks ahead to tomorrow. Click here to sign up & get it in your inbox
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The Ticker
Upcoming news themes and events we’re watching:
The Novemberjobs report comes out Friday at 8:30 a.m. ET.
In Other News
Branch out with more stories from the day:
Eli Lilly invests $3B to expand Wisconsin factory to help meet demand for Mounjaro, Zepbound
Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke …
Full Story
Good to Know
Business and economic news we’ve flagged from other outlets:
Bitcoin True Believers Bask in I-Told-You-So Glow at $100,000 (Bloomberg)
Trump’s pick for SEC chair offers stark new reality for Wall Street: Easier oversight (Politico)
Number of 401(k) ‘millionaires’ just jumped by 9.5% (CNN)
What Others are Reading
Top stories on The Hill right now:
Secret Service leader erupts at GOP lawmaker over 9/11 questioning
Acting Secret Service Director Ronald Rowe and Rep. Pat Fallon (R-Texas) engaged in a shouting match that persisted over gavel banging, as Rowe accused the lawmaker of politicizing the 9/11 attacks. Read more
Senate GOP sees Hegseth nomination as likely doomed
Pete Hegseth’s nomination to serve as secretary of Defense appears doomed despite his fiery declaration that he’s “not going anywhere,” Republicans on Capitol Hill told The Hill on Thursday. Read more
What People Think
Opinions related to business and economic issues submitted to The Hill:
To increase government efficiency, align government workers’ incentives
DOGE could help fix our infrastructure problems — or make them far worse
