Boeing vs. Airbus, fake parking tickets, China's solar power: Business news roundup
Bank accounts are being emptied thanks to scammers using fake parking tickets
Parking tickets are the latest vector for scammers to empty out bank accounts from New York to Southern California. Calgary became the latest North American city to address the growing trend of fake tickets on Tuesday. The Canadian city’s parking authority advised drivers to destroy fake tickets that are cropping on windshields and not to attempt to pay those fines.
Biden sets his sights on tumor-removal — and forks over $150 million in funding
The White House announced Tuesday $150 million in new federal funding for research targeting the development of tumor-removal technologies.
The funding will be awarded by the Advanced Research Projects Agency for Health (ARPA-H) to eight research institutions across the country. President Joe Biden established the agency in 2022.
An Alaska Airlines flight attendant was ‘absolutely certain’ there were ‘casualties’ after 737 Max 9 blowout
A treasure trove of newly-released documents by federal investigators describes the chaotic moments directly after a door plug blowout on Alaska Airlines Flight 1282 earlier this year.
JetBlue just unleashed $2.75 billion worth of disappointment
JetBlue Airways (JBLU) isn’t letting bad credit stop it from loading up on debt. Bloomberg reports that the company is preparing to take on $2.75 billion in new obligations as it continues to chart its course following its abandoned merger with Spirit Airlines.
China added more solar power last year than America has, period
China is lapping the United States when it comes the development of its solar power industry. Semafor reports that the world’s second-largest economy added more sun-driven energy capacity last year than the U.S. has, period.
Airbus is having trouble kicking Boeing while it’s down
Airbus (EADSY) is struggling to take full advantage of the mess embroiling Boeing (BA), its biggest rival. In an interview with the Wall Street Journal, Christian Scherer, the head of the French planemaker’s commercial airliner division, bemoaned his company’s difficulties in overcoming supplier bottlenecks to pump out jets more quickly.
‘Pregnant’ cars blistering in China’s heat aren’t as they appear
Remember being told that the internet would make our lives easier? I’m going to put on my Maury Povich mask to say the lie detector test determined that was a lie. Now we’re all infinitely connected and constantly contactable by virtually anyone, and deceitful folks can intentionally sensationalize things online to exploit popularity. If you’ve seen the recent viral footage of “pregnant” cars with giant inflated bubbles in China, then you’ve likely fallen prey to a sensationalized fallacy.
Medicare patients could save $1.5 billion on 10 prescription drugs
The U.S. Department of Health and Human Services announced Thursday the lowered prices of the first 10 prescription drugs that underwent Medicare negotiations
M&M maker Mars is acquiring Pop-Tarts maker Kellanova in one of the biggest deals of the year
The sweet-and-salty deal is set to enhance M&M maker Mars’ global snacking portfolio and combine two well-established companies with complementary brands