July 1, 2024

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Boeing Reacquires Spirit AeroSystems for $4.7 Billion, Airbus Takes Over Loss-Making Operations

4 days ago

Key Points: Boeing's decision follows a recent 737 MAX crisis and aims to address safety and production issues. Spirit's Shanahan is a potential candidate for Boeing CEO following Dave Calhoun’s departure. Airbus will assume control of key activities at four Spirit plants, compensating Spirit with $559 million. Spirit plans to sell certain operations in Scotland, Malaysia, and Belfast. Boeing (BA.N) has agreed to repurchase Spirit AeroSystems (SPR.N) for $4.7 billion in stock, while Airbus will assume control of Spirit's loss-making Europe-focused activities. This transatlantic breakup has resulted in the rise of shares of all three companies. The nearly two-decade independence...

Latest July 1, 2024

EU Antitrust Regulators Charge Meta for Non-Compliance with Tech Rules

by EDITORIAL TEAM

4 days ago

Key Points: EU antitrust regulators have charged Meta for non-compliance with the Digital Markets Act (DMA). Meta's "pay or consent" model offers free, ad-supported service or a paid, ad-free option, which the EU says violates DMA principles. The Commission argues that Meta forces users to consent to data tracking without offering an equivalent non-personalized service. Meta claims its model complies with a European court ruling...

Breakthrough in Light-Controlled Magnetite States Opens New Avenues for Electronics

by EDITORIAL TEAM

4 days ago

Key Points: EPFL researchers found that different light wavelengths can change magnetite’s state, affecting its electrical conductivity. Magnetite's unique properties make it valuable. Researchers focused on its out-of-equilibrium switching properties using light-induced phase transitions. Ultrafast electron diffraction revealed structural changes. 800 nm light compressed magnetite’s lattice, while 400 nm light expanded it. The ability to control hidden phases in magnetite could impact the development of...

Space Exploration Missions to Asteroids: Journeying to the Stars

by EDITORIAL TEAM

4 days ago

Space exploration missions to asteroids represent humanity's endeavor to unlock the secrets of our solar system's ancient relics. These missions offer insights into the universe's formation, potential resources for future space endeavors, and even insights into mitigating potential threats to Earth. In this article, we explore the significance, challenges, and achievements of space missions to asteroids, shedding light on humanity's quest to unravel the mysteries...