Scoop with Leah Nylen: For over a year, the FTC has been investigating Hims & Hers' business practices, including whether it has made it too hard for customers to cancel subscriptions. Read more: https://t.co/VnhtqgJrbm
TARIFF TOLL: @Ford suspended its full-year financial guidance & said @realDonaldTrump’s auto tariffs will take a $1.5 billion toll on its 2025 profit. It also warned of possible 'industrywide supply chain disruption' $F @RyanBBeene https://t.co/ib0m97WcQY via @business
NEW on @TheTerminal now: Air traffic controllers guiding planes bound for Newark Liberty International Airport lost radar and radio communication for about 90 seconds early last week before flights at the key hub were snarled for days, according to people familiar.
PRICE FREEZE: @Ford CEO @jimfarley98 says he won't raise car prices until he sees how rivals react to the cost of @realDonaldTrump's tariffs. @GM said it expects $5B in tariff costs. 'a pricing decision is a competitive decision' $F $GM @RyanBBeene
https://t.co/xXkLkEeije
NEW: How Elon Musk Muscled His Way Into the FAA
FAA employees were told that anyone who impeded progress of the new FAA-SpaceX partnership would be reported to Musk and risked losing their jobs.
A ton of scoopy news in this new report
🎁 https://t.co/LIvieTjsto
SCOOP from earlier tonight: Elon Musk’s SpaceX is seeking to deploy Starlink satellite internet terminals to help accelerate an upgrade of the information technology networks that support the FAA's national airspace system
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Gift link
https://t.co/MTLDsqUSMq
FALLING FORTUNES: Shares of @Ford sunk after the company warned profit may fall by $2 billion+ this year on lower car prices & costly new-model launches. And that doesn't even factor in @realDonaldTrump's tariff threats. $F @RyanBBeene https://t.co/oEcT3Od7w1 via @business
POTUS CAR TALK: @Ford Executive Chair Bill Ford took a surprise call from @realDonaldTrump & came away feeling like he’ll help carmakers & his ties to @elonmusk won’t hurt legacy automakers $F $TSLA @RyanBBeene https://t.co/oSYdL45dfq via @business
DINGED: @Ford agreed to a $165 million civil penalty to settle allegations it failed to recall cars with defective rearview cameras in a timely manner. It's the second largest fine ever levied by @NHTSAgov $F @Keith_Laing@RyanBBeene https://t.co/FFfAu0kFxd via @business
DOWNSHIFTING: @Ford trimmed its earnings forecast as the carmaker continues to struggle to cut warranty costs & faces supply shortages tied to recent hurricanes. ‘We need to move faster’ $F @RyanBBeene@LarkinHayne https://t.co/NuEkyDoojS via @business
EXECUTIVE SHUFFLE: @Ford promoted CFO John Lawler to vice chair & hired ex-@LucidMotors CFO Sherry House to become its finance chief. $F is bolstering its executive ranks as it seeks to staunch billions in EV losses @RyanBBeene@RickClough https://t.co/ZO39Gv1IuF via @business
Scoop from me and Austin Weinstein on @TheTerminal about SEC probe into the 737 Max door plug blowout in January. Specifically sources tell us the agency is investigating whether comments by the company or its executives misled investors in violation of its anti-fraud rules.
Guess the cat's out of the bag! Starting on April 10, I'll be switching to a new beat at Bloomberg News covering aviation regulation. Excited to join this team at a pivotal moment for the industry.
UPS plans to cut 12,000 jobs and explore the sale of its Coyote truck brokerage business in moves CEO Carol Tomé is taking to offset soft demand and higher union labor costs https://t.co/puWoYyFw9e by @tomwblack via @business $UPS
US aviation safety regulators ordered a halt to further Boeing 737 Max production increases as part of an escalating response to quality lapses at the embattled planemaker https://t.co/yIcvHWx1qV via @business from @RyanBBeene & @juliejohnsson
Additional aircraft may be at risk of containing components sold by a London-based parts distributor accused of forging airworthiness records, according to the FAA https://t.co/jxO6c3OkGX via @business