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Boeing should “default China” over returned planes says Trump, whatever that means

In a Thursday morning post on Truth Social, President Trump lashed out at China over its retaliation against Boeing.

Last week, the country reportedly ordered its airlines to stop taking deliveries from the plane maker. Early this week, at least two 737s marked for delivery in China were returned to sender.

“Boeing should default China for not taking the beautifully finished planes that China committed to purchase,” Trump wrote.

It’s unclear what the president means by “default China” — but he may be suggesting the US manufacturer cancel its existing orders from Chinese airlines or stop building planes for those carriers.

Boeing, which is lined up to deliver 50 jets to China this year, is already considering the latter. “It’s an unfortunate situation but... we’re not going to continue to build aircraft for customers who will not take them,” CEO Kelly Ortberg said in a call with investors after the company reported earnings on Wednesday. Reports of other global customers inquiring about taking the deliveries bound for Chinese airlines have already begun to pop up.

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Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

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