Aerospace: More trouble at Boeing
A second Boeing aircraft has “drawn the scrutiny of airlines and regulators,” said Natalie Kitroeff and David Gelles in The New York Times. Workers at a 787 Dreamliner plant in Charleston, S.C., have filed “nearly a dozen whistleblower claims and safety complaints” over the past nine years, the Times revealed last week. One complainant described finding “metal slivers hanging over the wiring that commands flight controls” of several planes. Another noticed “chewing gum holding together part of a door’s trim.” The company insists its plant has “the highest levels of quality.” Another Boeing aircraft, the 737 Max, was recently grounded following two deadly crashes.
Fed: Cain bows out of contention
Herman Cain withdrew from consideration for the Federal Reserve Board this week, said Paul Kiernan in The Wall Street Journal, claiming the $183,100 annual salary of a Fed governor would be “a big cut in pay.” President Trump’s recommendation of the former GOP presidential candidate and restaurant executive had drawn criticism because of Cain’s “strong partisanship and allegations of sexual harassment, which he has denied.” Four Republican senators had said they would oppose his nomination, effectively dooming his chances of being confirmed.
Pharma: Opioid distributor charged
A major drug distribution company has been hit with criminal charges—a first in the fight against the opioid crisis, said Tom Winter and Elisha Fieldstadt in NBCNews.com. Federal prosecutors charged Rochester Drug Co-Operative with conspiracy to violate narcotics laws and other offenses, accusing the firm of “distributing tens of millions of doses of oxycodone, fentanyl, and other opioids” to pharmacies that “had no legitimate need for them.” Rochester’s former CEO, Laurence Doud III, and its former chief compliance officer were also individually charged.
Media: National Enquirer sold
The parent company of the National Enquirer was sold for $100 million this week to the CEO of Hudson News, said Sarah Ellison in The Washington Post. It’s a “stunning price” for the debt-ridden, scandal-battered American Media Inc. “The decision to sell came after Anthony Melchiorre, the hedge-fund manager whose firm controls AMI, became disillusioned with the reporting tactics of the Enquirer.” The paper paid $150,000 to suppress the story of an affair between President Trump and a Playboy model ahead of the 2016 election and has been accused of blackmail by Amazon CEO Jeff Bezos.