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

It's good to have you here on this Tuesday, September 16th. I'm Julie Morgan.

Delta and Aero Mexico are hit with turbulence from Washington. Disney unlocks its comics vault with Webtoon, and Stephen Myron takes a seat at the Fed table.

Delta Airlines and Aero Mexico must end their joint venture by January 1st. The Department of Transportation

issued the final order, citing ongoing anti-competitive effects in the U.S. Mexico City air travel market

that have given both airlines an unfair advantage over their competition. Delta released a statement

about the decision saying it will cause significant harm to U.S. jobs, communities, and consumers

traveling between the U.S. and Mexico.

The airline said it is reviewing the department's order and considering the next step.

The partnership was formed nearly a decade ago under a joint cooperation agreement,

which provided both airlines with antitrust immunity, allowing them to coordinate flight schedules,

set pricing strategy, and adjust capacity for the routes between the U.S. and Mexico.

The Biden administration considered revoking antitrust immunity for the joint venture in

early 2024, and the issue continued into this year, driven by U.S. complaints about Mexican government

restrictions. In July, under the Trump administration, the Transportation Department

proposed to unwind the venture. However, both airlines argued that their partnership

generated $310 million for the U.S. economy, and determination would lead to a loss in economic

benefits for the U.S. The Senate has voted to confirm Stephen Myron to the Federal Reserve's

Board of Governors. This means that he will join the Fed's two-day policy meeting, which begins

today, where it is widely expected to cut interest rates by 25 basis

points. Lawmakers voted 48 to 47 to approve the confirmation of Myron, who will fill the seat

that Adriana Coogler stepped down from last month. He will serve for the remainder of the term that

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