Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, August 20th, I'm Julie Morgan.

Boeing 777X presents a problem.

Anderson Global is evaluating an IPO,

and it's unclear if Workhorse will be able to stay afloat.

Boeing is grounding its 777X test fleet

after an inspection found cracks in a key engine mounting structure.

Air Current reported on Monday that Boeing has orders for 540 of the new aircraft

that it plans to start delivering in 2025,

and the impact of the latest problem on the plane's launch date is not

known. The issue marks the latest setback to Boeing's effort to certify its largest jetliner,

which already is about five years behind schedule.

After finally starting flight tests with U.S regulators on board last month,

Boeing described the part as a structural component between the engine and the airplane.

Earlier on Monday, the Federal Aviation Administration issued an airworthiness directive requiring inspections of Boeing's 787 dreamliners in response to an incident in March when a Latham Airlines jet took a sudden nose dive after a cockpit seat reportedly moved, injuring more than 50 passengers.

Legal and tax services firm Anderson Global is evaluating an initial public offering for its U.S. business.

Nearly all the accounting firm's 264 participating partners voted to support a potential

IPO earlier this month,

according to a Wall Street Journal report on Monday.

The CEO of Anderson told partners that the company is targeting an IPO

for late next year, according to the report.

The CEO is also evaluating an investment from a private equity firm or private family-owned company.

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