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Boeing Bets Comeback on Trump, China and an Elusive New Plane

When Richard Nixon landed in Beijing in 1972 to end a quarter-century of Chinese diplomatic and economic isolation, his hosts were so enthralled with the US president's airliner that within months they ordered 10 Boeing Co. 707 jets. That purchase kicked off one of the most consequential commercial relationships in the planemaker's 110-year history and helped turn China into the world's second-largest aviation market after the US. Now Boeing is poised to reprise that moment when President Donald Trump heads to China this week in search of his own breakthrough with his counterpart, Xi Jinping. Boeing Chief Executive Officer Kelly Ortberg is expected to join the US delegation to China and has dangled the prospect of a major deal, saying Trump's visit would be "a meaningful opportunity for us." We get more from Bloomberg's Sid Philip.

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Bloomberg

EBay Spurns GameStop's Offer as Not Credible, Attractive

EBay Inc. rejected a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen, describing the unsolicited bid as "neither credible nor attractive." EBay's board turned down the offer after taking into account "uncertainty" around the financing plan, the operational risks involved and GameStop's governance, Chairman Paul Pressler said in a letter addressed to Cohen. Pressler also cited GameStop's executive incentives and a takeover's potential impact on eBay's long-term growth. Bloomberg's Cecilia D'Anastasio joins Bloomberg Intelligence Radio for a closer look.

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Bloomberg

Bessent Tells Japan That FX Volatility Is 'Undesirable'

US Treasury Secretary Scott Bessent echoed his Japanese counterpart Satsuki Katayama by characterizing excess foreign-exchange volatility as undesirable in another indication of tacit US approval of Japan's recent market intervention. "We both believe that excess volatility is undesirable," Bessent said Tuesday in Tokyo, as he continued a day of meetings with senior officials in Japan including Katayama and Japanese Prime Minister Sanae Takaichi. He confirmed his team will maintain close contact with the finance ministry and said constant communication is the key to good outcomes. We get reaction from Ken Weinstein, Japan Chair at the Hudson Institute.

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