Bloomberg The Pentagon’s latest estimated cost to develop and procure the F-35 fighter jet, the world’s most expensive weapons program, has edged up to $412 billion from $398 billion, according to the Defense Department’s latest program report. The $398 billion estimate held steady for several years before the latest 3.5% increase, outlined in the Defense Department’s new Selected Acquisition Report …

  Bloomberg Apple Inc. is backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialise, according to people familiar with the matter. The Cupertino, California-based electronics maker has told suppliers to pull back from efforts to increase assembly of the iPhone 14 product family by as many as 6 …

  Bloomberg Cathay Pacific Airways Ltd. is in talks with Airbus SE and Boeing Co. about buying next-generation freighter aircraft as it seeks to renew and replace some of its cargo jets. Hong Kong’s main carrier, also one of the world’s biggest cargo airlines by capacity, is mulling purchasing either Airbus A350 freighters or Boeing 777-8F jets. Cathay could buy …