Boeing 777X Commercial Debut Pushed To 2027, Billions In Charges Loom

 Boeing's 777X widebody jet is not expected to enter commercial service until early 2027, one full year later than planned, or about seven years behind schedule. One Jefferies analyst now expects Boeing to take a massive charge due to the delay, adding yet another headache for the struggling planemaker. The fresh setback comes one week after reports suggested the FAA was easing restrictions on 737 Max deliveries. 

Bloomberg, citing sources familiar with Boeing and major airlines, reported that the 777X will not be delivered to Deutsche Lufthansa AG and Emirates in 2026, with the latest plans pushing entry into service to 2027.

Deutsche Lufthansa AG, the launch customer for the widebody aircraft, is already laying the groundwork for a fresh setback. The German airline isn't including the 777X in its fleet plans until 2027, said one of the people, who asked not to be identified because the matter is confidential. Officials at Emirates, the 777X's biggest customer, have also grown more cautious as it looks at entry into service possibly not before 2027. -BBG

The potential commercial delay for the 777X prompted Jefferies analyst Sheila Kahyaoglu to forecast that Boeing could take a charge as large as $4 billion due to the delays. 

That includes the lost cash Boeing would have collected in 2026 from delivering 18 of the widebody jets, along with customer concessions and other related costs. Of the many challenges that the planemaker currently faces, "I'm sure it's a big priority because it's going to be a big cash drain for them," Kahyaoglu said of the 777X certification delays.

Separately, RBC analyst Ken Herbert expects the 777X's entry into service to begin sometime in the second half of 2027. He forecasts a $2.5 billion charge due to the delay.

Last month, Boeing CEO Kelly Ortberg revealed to investors at a Morgan Stanley conference that the 777X certification process was falling behind schedule.

Emirates (the largest customer), Qatar Airways, Lufthansa, Etihad Airways, Cathay Pacific, All Nippon Airways, and British Airways are among the customers awaiting delivery. This new jet is the successor to its out-of-production 747 jumbo.

Boeing shares are flat in premarket trading in New York. For the year, shares are up 23% (as of Thursday's close) and have been locked in a half-decade lateral pattern since the twin Max jet crashes and the Covid pandemic.

Related:

• Boeing Gains On Report Of FAA Move To Ease 737 MAX Deliveries

• Boeing Gets Contract To Replace Bunker Busting Bombs The US Dropped On Iran

For the Trump administration, 737 Max's global supply chain is a significant problem. 

Here’s a breakdown of key parts in the Boeing 737 and their country of origin:

Country	Aircraft component for Boeing 737
Australia	Wing ailerons
Austria	Blended winglets and split winglets
Belgium	Engine compressors, oil tank, pump, filter, and valve
Belgium	Flap/slat mechanisms
Canada	Communication antennas
Canada	Airborne communication systems
Canada	Wing tip panels
Canada	Wheel well fairings
Canada	Aircraft doors
Canada	Cabin curtains
Canada	Power transmission torque tube drives
Canada	Inner barrel for engine nacelle inlet
Canada	Nose landing gear assemblies (titanium components)
Canada	Electromagnetic indicators and annunciators
Canada	Winglet and wing components
China	Forward entry door
China	Rudder
China	Flight deck panels
China	Carbon brake disks
China	Interior completion of cabin
China	Vertical fin
China	Aft fuselage section
China	Aircraft landing gear
France	Wing assembly
France	Bearings
France	Inflight entertainment
France	Engine electrical wire harnesses
France	Titianium/aluminum structural components
France	Piston rings
France	Thrust reversers
France	Autothrottle system
France	Electrical power contactor
France	Engine hydromechanical fuel pumps
France	Wheels
France	Emergency locator transmitter
France	Cockpit door surveillance cameras
France	Structural bulkhead
France	Standby flight display
France	Limit and proximity switches
France	Fasteners
Germany	Corrosion protecting coatings
Germany	Cabin exit signs
Germany	Passenger Seating
Germany	Cabin galley and stowage bins
Germany	Cargo sliding carpet system
Germany	Winglet lightning harness
Germany	Cabin pressure control system
Germany	Fuselage anti-collision lights
Germany	Door locks and latches
Germany	Ice protection equipment
Germany	Window seals
Germany	Forgings, castings and extrusions
India	Vertical fin structures
India	Wire harnesses
India	Strut assemblies
Israel	Cargo and passenger doors
Israel	Metal parts and structures
Israel	Wheel well panels
Israel	Aluminum and steel for winglet
Italy	Titanium forgings
Italy	Rotor blades and stator vane
Japan	Inboard flaps and flap segment
Japan	Passenger Seating
Japan	Lavatory equipment
Latvia	Arm caps for economy class seats
Malaysia	Airframe saddle fairing
Morocco	Wire harnesses
Netherlands	Galleys, closets, class dividers
Netherlands	Electrical wiring, wire harnesses, junction boxes
Netherlands	Laminates for various components
Norway	Turbine engine vanes and casings
Russia	Titanium
South Africa	Vacuum-formed cockpit and cabin assemblies
South Africa	Precision machined interior linings
South Korea	Lower door skin, inner skin cover detail
South Korea	Electronic equipment door
South Korea	Empennage (737 MAX)
South Korea	Interior bulkheads
South Korea	Flap support fairing and winglet
South Korea	Rear wing spar and jackscrew
Spain	Flight control surfaces
Spain	Rudder
Spain	Sheet metal bending and milling
Sweden	Engine gearbox bearings
Sweden	AC/humidity control
Switzerland	Airborne vibration monitor
Taiwan	Main landing gear door
Taiwan	Pressurized doors
Taiwan	Engine case
Turkey	Rear fuselage and tail surfaces
Turkey	Flight deck panels
Turkey	Wing tips
Turkey	Structural components
Turkey	Cabin cabinets
Turkey	Engine fan cowls
UK	Thrust reverser actuator
UK	Flight control actuators
UK	Blended winglets
UK	Wing flaps structural ribs and substructures
UK	Engine sensors, and monitoring
UK	Nacelle inlet lip skins
UK	Cockpit voice recorder and flight data recorder
UK	Extended range auxiliary fuel tank
UK	Cockpit indicators and switches
UK	Tires
UK	Electrical static dischargers
UK	Aircrew seats and gear drives
UK	Airborne communication antenna
UK	Emergency lighting floorpath system
UK	Flight deck entry video surveillance system
UK	Emergency locator beacon
UK	Jet engine rings
UK	Anti-spall windshields
UK	Packing and filling material

Why Build a Jet Like This?

Commercial aircraft contain millions of precision parts, many made from exotic alloys or advanced composites. No single country holds all that know‑how. Russia’s VSMPO‑AVISMA, for instance, remains the world’s dominant source of aerospace‑grade titanium—a metal prized for its strength‑to‑weight ratio and corrosion resistance.

By tapping specialized suppliers, Boeing keeps costs competitive, earns reciprocal market access abroad, and balances political risk by spreading production across multiple jurisdictions.

Risks of Tariffs and Protectionism

However, this level of globalization exposes manufacturers to geopolitical and economic risks. According to Reuters, aerospace firms have lobbied hard to preserve tariff-free agreements between the U.S. and EU. Even temporary tariffs in past disputes have disrupted delivery schedules and increased costs.

Analysis from Harvard Business School points to rising protectionism as a major threat to supply chain stability. As governments reevaluate trade policies, the world’s major aircraft companies may be forced to rethink their international sourcing models—a costly and complex endeavor.

https://www.zerohedge.com/markets/boeing-777x-commercial-debut-pushed-2027-billions-charges-loom

Nation-State Bitcoin Adoption To Enter 'Suddenly' Phase Soon

 by Ciaran Lyons via CoinTelegraph.com,

An increasing number of countries are preparing to ramp up Bitcoin adoption after moving past the initial skepticism, according to Jan3 founder Samson Mow.

“I think we’re on the tail end of gradually, and we’re at the beginning phases of suddenly,” Mow told Danny Knowles on the What Bitcoin Did podcast published on YouTube on Saturday.

“These things happen very quickly,” Mow said, referring to the potential for more countries to adopt a Strategic Bitcoin Reserve.

“It’s like literally gradually then suddenly,” he said, adding:

“I think it is simply a matter of time before we see a massive run-up, and we see a massive nation-state FOMO, you know, panic.”

Mow emphasized that while US President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve, the US still hasn’t started buying. 

US is “pushing forward” with Bitcoin plan

However, he pointed out the nation is “pushing forward” with budget-neutral Bitcoin acquisition and the Bitcoin Act.

Galaxy Digital’s head of firmwide research, Alex Thorn, recently said there is a high likelihood that the US government will form the highly anticipated Strategic Bitcoin Reserve by the end of this year.

Samson Mow spoke to Danny Knowles on the What Bitcoin Did podcast. Source: What Bitcoin Did

While the US still leads all governments in total Bitcoin holdings, Mow told Cointelegraph Magazine in June that the US “has to start” acquiring Bitcoin this year.

“The risk is that the US is front-run by Pakistan,” he explained. At the time of publication, the US government holds 198,012 Bitcoin, according to Bitbo data. 

Mow anticipates significant Bitcoin moves from the Latin American region, which he says is one of the areas he is most bullish on.

Nation-state Bitcoin adoption has been a widely discussed talking point in the crypto industry this year.

Fidelity Digital Assets said in a research paper in January that it anticipates “more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in Bitcoin.”

Bitcoin’s price hasn’t had a “massive run-up” yet

Meanwhile, Mow pointed out that Bitcoin’s price hasn’t played out how many market participants thought it would for 2025.

“We should have had a bull run already,” he said, “like a massive run up,” he added.

Bitcoin is trading at almost $122,000 at the time of publication 

“So I think this cycle, if you want to call it a cycle, is delayed; it might push into next year,” he said. Several other market participants have echoed a similar sentiment in recent times. On July 26, Bitwise chief investment officer Matt Hougan said, “I bet 2026 is an up year.” 

“I broadly think we’re in for a good few years,” Hougan said. Bitcoin is trading at $109,400 at the time of publication, down 1.97% over the past 30 days, according to CoinMarketCap.

Mow’s and Hougan’s comments come as the industry continues to debate whether Bitcoin’s usual four-year cycle is still relevant now that ETFs and institutional demand are in play.

It was only in June that Mow said the $1 million Bitcoin price tag “is a given at this point, maybe this year, maybe next year.”

https://www.zerohedge.com/crypto/nation-state-bitcoin-adoption-enter-suddenly-phase-soon

USA Rare Earth CEO Confirms Ongoing Talks With Trump Admin

 USA Rare Earth (NASDAQ:USAR) stock jumped more than 9% in early trading on Friday after CEO Barbara Humpton revealed the company has been in close discussions with President Trump's administration.

The momentum carried into the regular session, where shares gained another 23%, signaling investor optimism around the company's role in the rare earth supply chain.

Humpton told CNBC that the rare earth sector won't be a zero-sum game, stressing the need for multiple players to build a resilient marketplace. She added that the company continues to keep Washington updated on its growth plans.

The move follows recent steps by Trump's administration to strengthen U.S. control of critical minerals by securing stakes in other suppliers such as MP Materials (NYSE:MP) and Lithium Americas (NYSE:LAC).

The strategy reflects a broader push to reduce reliance on China and shore up domestic resources.

https://finance.yahoo.com/news/usa-rare-earth-stock-soars-130125842.html

Alto Neuroscience gets FDA Fast Track

  Alto Neuroscience Inc (NYSE:ANRO) stock surged 32.3% Friday after the company announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to its drug candidate ALTO-101 for the treatment of cognitive impairment associated with schizophrenia (CIAS).

The FDA’s Fast Track designation is designed to expedite the development and review of drugs that address serious conditions with unmet medical needs. For Alto, this could mean more frequent meetings with the FDA, as well as potential eligibility for accelerated approval and priority review.

ALTO-101 is a novel small molecule phosphodiesterase-4 (PDE4) inhibitor designed to enhance cognitive function by increasing cyclic adenosine monophosphate (cAMP) levels in the brain. The company highlighted that there are currently no approved treatments for CIAS, which affects millions of patients with schizophrenia and significantly impacts their daily functioning and quality of life.

"Receiving Fast Track designation from the FDA underscores the critical need for new, effective treatments for patients suffering from cognitive impairment associated with schizophrenia," said Amit Etkin, M.D., Ph.D., founder and chief executive officer of Alto Neuroscience.

The company reported that Phase 1 data for ALTO-101 demonstrated "significant and clinically relevant effects" on both electroencephalogram (EEG) measures and cognitive performance in healthy subjects, which Alto believes validates the drug’s mechanism of action.

The clinical-stage biopharmaceutical company focuses on developing precision medicines for neuropsychiatric disorders and aims to address the cognitive deficits in schizophrenia, which include impaired attention, memory, and executive functio

https://www.investing.com/news/stock-market-news/alto-neuroscience-stock-soars-after-fda-grants-fast-track-designation-93CH-4270742

China State Media Defends New Talent Visa, Downplays Job Worries

 

Chinese state media outlets have defended a new visa program to attract global talent after many residents expressed worries over losing jobs to foreigners as youth unemployment jumped to a two-year high.

People’s Daily, the ruling Communist Party’s mouthpiece, published a commentary on Tuesday to downplay the initiative’s potential impact on the labor market and tout the benefits of bringing bright minds into the world’s second-most populous country.

https://www.bloomberg.com/news/articles/2025-10-02/china-state-media-defends-new-talent-visa-downplays-job-worries

Spooked by AI, Bollywood stars drag Google into fight for 'personality rights'

 In India, Bollywood stars are asking judges to protect their voice and persona in the era of artificial intelligence. One famous couple's biggest target is Google's video arm YouTube.

Abhishek Bachchan and his wife Aishwarya Rai Bachchan, known for her iconic Cannes Film Festival red carpet appearances, have asked a judge to remove and prohibit creation of AI videos infringing their intellectual property rights. But in a more far-reaching request, they also want Google ordered to have safeguards to ensure such YouTube videos uploaded anyway do not train other AI platforms, legal papers reviewed by Reuters show.

A handful of Bollywood celebrities have begun asserting their "personality rights" in Indian courts over the last few years, as the country has no explicit protection for those like in many U.S. states. But the Bachchans' lawsuits are the most high-profile to date about the interplay of personality rights and the risk that misleading or deepfake YouTube videos could train other AI models.

The actors argue that YouTube's content and third-party training policy is concerning as it lets users consent to sharing of a video they created to train rival AI models, risking further proliferation of misleading content online, according to near-identical filings from Abhishek and Aishwarya dated September 6, which are not public.

"Such content being used to train AI models has the potential to multiply the instances of use of any infringing content i.e. first being uploaded on YouTube being viewed by the public, and then also being used to train," the filings said.

Representatives for the Bachchans and Google spokespersons did not respond to Reuters' queries. The Delhi High Court last month asked Google's lawyer in court to submit written responses before the next hearing on January 15.

YouTube's India managing director, Gunjan Soni, last month described the platform as "the new TV for India". With around 600 million users, India is YouTube's biggest market globally, and it is popular for entertainment content like Bollywood videos.

LAWSUIT ALLEGES YOUTUBE VIDEOS ARE 'EGREGIOUS'

Indian courts have already started to back Bollywood stars upset about generative AI content damaging their reputation. In 2023, a Delhi court restrained the misuse of Anil Kapoor's image, voice and even a catchphrase he often used.

Reuters is first to report details of the Bachchans' specific challenge against Google, which was contained in court filings spanning 1,500 pages where they mostly target little-known sellers for unauthorised physical merchandise like posters, coffee mugs and stickers with their photos, and even fake autographed pictures.

They are also seeking $450,000 in damages against Google and others, and a permanent injunction against such exploitation.

The lawsuits contain hundreds of links and screenshots of what they allege are YouTube videos showing "egregious", "sexually explicit" or "fictitious" AI content.

The judge in early September ordered 518 website links and posts specifically listed by the actors to be taken down, saying they caused financial harm to the couple and harmed their dignity and goodwill.

Reuters, however, found videos similar to the examples of infringing videos cited in Abhishek's papers on YouTube.

Among them: a clip showing Abhishek posing but then suddenly kissing a film actress using AI manipulation; an AI depiction of Aishwarya and her co-star Salman Khan enjoying a meal together while Abhishek fumes standing behind; and a crocodile chasing Abhishek as Khan tries to save him.

Khan was in a relationship with Aishwarya long before her marriage. His spokesperson did not respond to Reuters' queries.

AI CAN GENERATE BOLLYWOOD LOVE STORIES

YouTube's data-sharing policy states creators can opt in to share their videos for training models of other AI platforms, like OpenAI, Meta and xAI. YouTube adds: "We can't control what a third-party company does" if users share videos for such training.

The Bachchans argue in their filings that if AI platforms are trained on biased content that portrays them in a negative manner and infringes their intellectual property rights, then AI models "are likely to learn all such untrue" information, leading to its further spread.

Eashan Ghosh, chair professor for intellectual property rights at the National Law University Delhi, said it would be difficult for actors to build a direct case against YouTube since their grievances are mostly with creators and personality rights infringement.

But "it wouldn't be beyond the pale for the court to nudge YouTube to write something into their user policies or set up a queue jump for celebrity claimants to get quicker responses to legal requests," he said.

YouTube in May disclosed that it had paid more than $2.4 billion to Indian creators in the last three years. The actors alleged that creators infringing their personality rights can make money when videos become popular.

Reuters found a channel on YouTube titled "AI Bollywood Ishq" that shares "AI-generated Bollywood love stories". Its 259 videos have garnered 16.5 million views. The most popular video with 4.1 million views shows an AI animation of Khan and Aishwarya in a pool, while another shows them on a swing.

In a tutorial, the channel explains it used simple text prompts to create an image via X's Grok AI and then turned it into a video using Chinese AI startup MiniMax's Hailuo AI. A Reuters test generated an AI video showing lookalikes of Bollywood stars Khan and Abhishek in a fistfight within five minutes.

Grok, MiniMax and the owner of YouTube channel @AIbollywoodishq did not respond to Reuters' queries. It was unclear whether the YouTube channel consented to sharing those videos for AI training.

"Content is made only for entertainment and creative storytelling," the channel's page said.

https://www.yahoo.com/news/articles/spooked-ai-bollywood-stars-drag-060403085.html