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

Thanks so much for joining us on this Thursday, the 6th of November.

I'm Julie Morgan.

The FAA is cutting flights.

Big Pharma doubles down on weight loss, and Warner Brothers has some decisions to make.

As we enter day 37 of the government shutdown, the Federal Aviation Administration is set to reduce air traffic.

The air traffic will be reduced by 10% across 40 high-volume markets starting Friday morning to maintain safety.

The FAA is confronting staffing

shortages among air traffic controllers who are working without pay since the government shut down.

Last week we told you that the FAA said nearly 13,000 air traffic controllers have been working

without pay for weeks and there has been a surge in controllers calling in sick.

CNBC reported that the reduction will affect roughly 3,500 to 4,000 flights daily,

adding that Bedford said additional measures could be taken after the initial reduction.

However, it was not immediately clear which airports would be affected.

Bedford reportedly said a list would be released today. In a note on United Airlines website,

the CEO said starting Friday, there will be rolling updates to the schedule to give customers

several days advance notice. He also said the reductions will focus on regional flying and domestic mainline flights

that do not travel between hubs.

He went on to say that customers traveling during this period are eligible for a refund

if they don't want to fly even if their flight is not impacted.

American Airlines expects the vast majority of its customers will not be affected by the

reduction.

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