Albertsons CEO Vivek Sankaran joins Yahoo Finance’s On The Move to weigh in on the company going public and discuss the latest food trends amid the COVID-19 pandemic.

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(Bloomberg) — Boeing Co. and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, which would mark a milestone in its return to service after being grounded for more than 15 months.Aviation industry officials briefed on the plans, which still haven’t been finalized, indicate that the U.S. Federal Aviation Administration has reviewed Boeing’s extensive safety analysis of fixes it has made and is comfortable moving to the next step: putting the plane through its paces with test pilots.Boeing had privately targeted hosting the FAA flights by the end of June. The first of several days of test flights could come as early as Monday, according to three people familiar with the plans who weren’t permitted to discuss the still-tentative plans publicly.An FAA “team is making progress toward FAA certification flights in the near future,” the agency said in a statement.“The FAA is reviewing Boeing’s documentation to determine whether the company has met the criteria to move to the next stage of evaluation,” the agency said. “We will conduct the certification flights only after we are satisfied with that data.”Boeing shares pared their losses on the Bloomberg report, declining 2% to $171.36 at 1:38 p.m. in New York. The shares had tumbled as much as 4.2% in the trading session after Bernstein analyst Douglas Harned downgraded the company to “sell.” He cited uncertainty over the 737’s comeback and the prospect of a pandemic disrupting air travel through mid-decade.Boeing declined to comment.Setting a date for certification flights is one of the most critical steps on Boeing’s road to resuming service on its best-selling jet since it was grounded in March 2019 amid a world-wide furor following the second fatal crash in less than five months. Several more hurdles remain before the plane can get its final certification from regulators, and airline customers have been told that it could come as soon as September if all goes well.The test flights come after more than a year of harsh criticism from Boeing’s skeptics, multiple investigations of the plane and a federal criminal probe.Successfully completing the test would provide some rare good news for Boeing and CEO Dave Calhoun at a time when the aviation industry is reeling from the Covid-19 pandemic and could help unlock billions of dollars in inventory from about 450 planes the company has built but been unable to deliver.“For Boeing, it could close a chapter that’s gone on longer than they wanted and kills a lot of speculation in the marketplace that the plane will never fly again,” said George Ferguson, an analyst with Bloomberg Intelligence. Some short sellers have fanned speculation that the jet will never return.Conducting test flights is one of the final steps in the process of certifying a jetliner and aviation regulators wouldn’t have scheduled it if their review of Boeing’s proposed fixes had revealed significant additional issues.(Updates with share prices, FAA statement, Boeing no comment from third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Trump's executive order prevents hundreds of thousands of foreigners looking to work in the United States through the end of 2020.

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After heeding the lessons from 2008-2009, leaders of the financial sector were equipped to step in as needed during the current crisis. As economies continue to lift restrictions and recover from one of the steepest declines on record, it’s time to analyze the lessons to be learned and identify needed change. The next crisis–be it climate change, the inequality gap, or retirement systems–is undoubtedly in the making. As we prepare to meet it, we must address crucial questions: Will we be able to transform a system that many believe does not work for them anymore and build a more equitable society? And what role do money managers have beyond their investment mandate and allocating capital to companies that have a social contribution to global challenges?

Moderator:
Andy Serwer // Editor-in-Chief, Yahoo Finance

Speakers:
Tom Finke // Chairman and CEO, Barings
Penny Pennington // Managing Partner, Edward Jones
Emmanuel Roman // Managing Director and CEO, PIMCO

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A key step in the return to service of the grounded Boeing 737 MAX could take place as soon as early next week, two people briefed on the matter said on Friday. Boeing Co’s best-selling plane has been grounded since March 2019 after two fatal crashes killed 346 people. A certification flight test, which is expected to last at least two days, is likely to take place starting as early as Tuesday but has not been finalized.

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Stocks fell Friday, with losses accelerating after Texas Gov. Greg Abbott said the state would be reversing its reopening process by closing bars and limiting restaurant capacity following a surge in coronavirus cases.

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Investors demand for stimulus, hints one Wall Street insider.

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Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down today’s market action with Dennis DeBusschere, Evercore ISISenior Managing Director.

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For the first time in five months, Delta Air Lines will resume its flights to China. Yahoo Finance’s Ines Ferre joins The First Trade to discuss.

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AstraZeneca’s experimental COVID-19 vaccine is probably the world’s leading candidate and most advanced in terms of development, the World Health Organization’s (WHO) chief scientist said on Friday. The British drugmaker has already begun large-scale, mid-stage human trials of the vaccine, which was developed by researchers at University of Oxford. This week, AstraZeneca signed its tenth supply-and-manufacturing deal.

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