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October 17 - The National Data Group is expected to be officially established soon.On October 17th, according to the Financial Times, Anthropic is offering Blackstone Group a yield exceeding 10% to raise funds to support its latest chip deal. This $60 billion debt financing program, dubbed "Project North Star," will help Anthropic procure approximately 1.5 gigawatts of custom semiconductors, or TPUs, developed by Google. It is expected to be the largest chip financing deal to date and a key test of investor demand for AI-related debt. Sources familiar with the matter revealed that Blackstones funds will invest $9 billion to purchase debt backed by Anthropics chip lease payments over the next five years, representing half of its approximately $18 billion in subprime loans. Blackstone has received a coupon rate offer of 10%, and the total yield will be even higher after accounting for new debt issuance discounts and other fees. According to the Intercontinental Exchanges Bank of America BB-rated U.S. High Yield Bond Index, borrowers with similar credit profiles typically pay around 7% yields when financing in the public bond market.According to the Financial Times, Anthropic offered Blackstone Group a double-digit yield in its latest chip financing deal.In an executive order, U.S. President Trump stated that he would waive certain sanctions, restrictions, and tariffs applicable under the Graham Act on sanctions against Russia and Iran, effective immediately.On October 17th, Russian President Vladimir Putin stated on the 16th that, in response to attacks by Ukrainian authorities on Russian industrial enterprises and fuel and energy complexes, the Russian armed forces continue to strike Ukrainian military-industrial complexes and related facilities. Putin stated that the Russian military is accelerating its offensive across the entire front, and the "safe zone" along the border with Ukraine has significantly expanded in recent months. One of the main tasks on the ground remains the "liberation" of Donetsk. The Russian militarys control of Dobropilya was a landmark event in the special military operation, opening up a passage to Donetsk.

Boeing's MAX certification delay is supported

Charlie Brooks

Oct 20, 2022 14:24

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Boeing (NYSE:BA) Co. received support from a Republican senator and a major customer on Wednesday to ask Congress to extend the certification deadline for two new 737 MAX models.


The U.S. aircraft manufacturer says the FAA must certify the MAX 7 and MAX 10 by December. After that date, all FAA-certified aircraft must have contemporary cockpit alerting systems, which would postpone the deployment of the new MAX aircraft unless Congress grants a waiver.


Republican senator Lindsey Graham told Reuters he supports tying a MAX deadline waiver to a budget package or other measures.


Graham said on the sidelines, "We will fight as hard as we can to give Boeing the opportunity to establish that the plane works and that it does operate."


Congress passed the measures in late 2020 as part of FAA certification modifications after two 737 MAX crashes killed 346 people and grounded the best-selling aircraft for 20 months.


On Wednesday, United Airlines CEO Scott Kirby (NYSE:KEX) endorsed the extension, saying a universal 737 alerting system makes sense. "It's appropriate safety," Kirby told CNBC. "Changing the cockpit is dangerous."


2017 United bought 100 MAX 10s. Kirby said United will convert some orders to MAX 8 and 9 planes and buy additional Airbus 321s without an extension, hurting Boeing's U.S. jobs.


Kirby remarked, "We should all be Boeing fans," citing the company's economic and export benefits.


This month, Senator Roger Wicker failed to attach a restriction extension through September 2024 to a defense deal.


Southwest Airlines (NYSE:LUV) pilots support the proposal, while American Airlines pilots oppose it.


C.B. "Sully" Sullenberger, a commercial pilot who famously landed an Airbus A320 on New York's Hudson (NYSE:HUD) River after hitting a flock of geese, and many MAX crash victims' families are also opposed. "The FAA must require modern crew warning systems," Sullenberger said Friday.


Even with a waiver, MAX planes may not fly for a while.


In an Oct. 12 letter, the FAA stated some crucial material Boeing filed in the agency's ongoing investigation of the MAX 7 is incomplete, and Boeing doesn't expect approval for the MAX 10 until next summer.

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