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Boeing to expand production with $4.75bn Embraer deal

Bloomberg Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will expand the US planemaker’s manufacturing base abroad while extending its reach into the market for small jetliners. Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer’s commercial airplane and services business while the Brazilian manufacturer holds ...

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Amazon undercuts prices on OTC pills

Bloomberg As pharmacy chains await Amazon.com Inc.’s entry into the prescription-drug market, the online retail giant is already undercutting them for non-prescription medicine for aches, colds and allergies. Median prices for over-the-counter (OTC), private-brand medicine sold by Walgreens Boots Alliance Inc. and CVS Health Corp. were about 20 percent higher than Basic Care, the OTV rug line sold exclusively by ...

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Passenger group targets FAA’s failure to stop seat shrinkage

Bloomberg The head of an airline passenger rights group called on the public to protest a decision by US regulators not to set standards on cramped aircraft seating — and took a potshot at President Donald Trump for not flying commercial. The Federal Aviation Administration (FAA) said that it has “ no evidence that there is an immediate safety issue ...

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