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Wall Street Breakfast

China reportedly eyes Boeing 737 MAX deal

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 13 November 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

China may end Boeing (BA) freeze with 737 MAX deal - Bloomberg. (00:23) OpenAI pursues more Microsoft (MSFT) money to build 'magic intelligence in the sky'. (01:25) Ajinomoto (AJINF) to acquire Forge Biologics in an all-cash deal. (03:00)

Episode transcripts seekingalpha.com/wsb.
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Transcript

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0:00.0

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

0:07.0

Good morning. Today is Monday, November 13th. I'm Juba Morgan. China may end its freeze on Boeing.

0:14.0

Open AI is looking for more investment from Microsoft

0:18.0

and Ajinomoto is buying forage biologics.

0:22.0

China is considering resuming purchases of Boeing 737

0:26.8

Max aircraft when the US and Chinese presidents meet this week at the Apex Summit

0:31.9

in San Francisco.

0:33.5

Bloomberg reported Sunday night that terms of a potential agreement are still under discussion

0:38.6

and could change or fall apart before President Biden and President Shizhing Ping meet on Wednesday.

0:44.7

According to the report, an announcement could take the form of a memorandum of understanding

0:49.3

rather than a formal order.

0:50.9

Boeing has not made any significant sales of its 737

0:54.8

max narrow body jets in China since at least 2018 before two crashes led to a

1:00.5

global grounding of the model and relations between the two governments stifled

1:05.2

commercial deal-making.

1:06.9

Boeing already has 85-737 max jets intended for China in storage, and restarting deliveries could help it reach

1:15.0

its target of shipping 375 to 400 737 max jets this year.

1:21.0

Pre-market Boeing is up 3.7 percent. this year Microsoft invested in open AI to the reported tune of 10 billion dollars and now the company

1:32.1

CEO says he hopes Microsoft will continue to invest in the company.

1:36.7

Open AI CEO Sam Altman told the Financial Times in an interview that it's seeking even more cash as it looks to create more sophisticated

1:45.5

models of artificial general intelligence. Altman said there's a long way to go and training

1:51.6

expenses are just huge. in terms of getting from where they

...

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