Yahoo Finance’s Jessica Smith joins Zack Guzman to break down the latest developments on a second stimulus package.
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The Federal Aviation Administration (FAA) said on Tuesday it plans to issue a proposed airworthiness directive for the Boeing 737 MAX in the “near future” to address changes made since the plane was grounded in March 2019 after two fatal crashes killed 346 people. An official briefed on the matter told Reuters that the FAA is unlikely to unground the 737 MAX before sometime in October. Boeing Co did not immediately comment but has said previously it expects to resume deliveries before Sept. 30 following regulatory approval.
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India’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said. Petronet and Tellurian now have time until the end of December to finalize the deal, they said. A memorandum of understanding that lapsed on May 31 was renewed last week ahead of a virtual meeting between Indian oil minister Dharmendra Pradhan and U.S. Energy Secretary Dan Brouillette.
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