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Most tech and growth megacaps, whose valuations come under pressure when borrowing costs rise, fell in early premarket trading, with Alphabet (GOOGL.O) and Tesla (TSLA.O) down 0.7% each. Meta Platforms (META.O) rose 1.8% after attracting millions of users within hours of launching Threads on Wednesday. After a dismal 2022, big growth and technology stocks have seen outsized gains in 2023, with the Nasdaq Composite (.IXIC) clocking its best first-half in 40 years. ET, Dow e-minis were down 139 points, or 0.4%, S&P 500 e-minis were down 19 points, or 0.42%, and Nasdaq 100 e-minis were down 69.25 points, or 0.45%. Reporting by Bansari Mayur Kamdar and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen's, judge's, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: Exxon, Dow, Nasdaq, Wall, Meta, Twitter, Victoria, Interactive Investor, Investors, Institute for Supply, Dow e, Qualcomm, Intel, Treasury, Exxon Mobil, JetBlue Airways, American Airlines, Spirit Airlines, Coty, Thomson Locations: Beijing, Washington, China, U.S, Bengaluru

☆ JetBlue’s Spirit sacrifice
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 6 (Reuters Breakingviews) - JetBlue Airways (JBLU.O) is going for broke on its attempt to buy Spirit Airlines (SAVE.N). Eschewing the benefits of what the government branded a “de facto merger” to win Spirit might make sense, however. According to the U.S. Department of Justice, Spirit grew capacity nearly 500% since 2010, far outstripping competitors. JetBlue’s concessions, which include selling Spirit’s operations at New York’s LaGuardia Airport, may not be enough, though. While the DOJ’s complaint against the merger does lean on harms from the alliance, it also includes Spirit executives warning of risks even without it.

Persons: Spirit, Jonathan Guilford, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, JetBlue Airways, Spirit Airlines, American Airlines, JetBlue, Northeast Alliance, ”, U.S . Department of Justice, LaGuardia, Twitter, Thomson Locations: New, China

☆ Stocks making the biggest moves premarket: JetBlue Airways, Meta, Sweetgreen and more
▼ + stars: | 2023-07-06 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:JetBlue Airways — JetBlue Airways declined 1.3% in premarket trading after the company said it would end its partnership in the northeastern U.S. with American Airlines and focus on Spirit Airlines . Meta Platforms — The social media giant added about 2% in premarket trading after the launch of Threads, a direct competitor to Twitter. Sweetgreen — Sweetgreen jumped more than 4% after Bank of America upgraded the stock to buy from neutral. Keurig Dr Pepper — Shares added nearly 2% after being upgraded by Morgan Stanley to overweight from equal weight. Shares rose nearly 0.9% in premarket trading.

Persons: Mark Zuckerberg, — Sweetgreen, Dr Pepper —, Morgan Stanley, — CNBC's Brian Evans, Michelle Fox, Jesse Pound Organizations: JetBlue Airways — JetBlue Airways, American Airlines, Spirit Airlines, Twitter, Meta, Bank of America, Microsoft, Citi, Textron — Citi, Textron

In its lawsuit filed in March aimed at stopping JetBlue's purchase of Spirit, the U.S. Justice Department (DOJ) cited as evidence JetBlue's alliance with American at airports in New York and Boston several times. Calling the partnership a "de facto merger," the DOJ argued that JetBlue's proposed purchase of Spirit, a Florida-based ultra-low cost carrier, would lead to further industry concentration. On Wednesday, JetBlue CEO Robin Hayes said ending the partnership with American has taken the DOJ's "misplaced" concerns off the table and would help when the Spirit case goes to trial in October. New York-based JetBlue, however, views the Spirit deal as a way to expand its domestic footprint amid persistent labor and aircraft shortages. American, Delta (DAL.N), United (UAL.O) and Southwest Airlines (LUV.N) control nearly 80% of the U.S. airline industry.

Persons: JetBlue's, Robin Hayes, Eleanor Fox, Fox, William Kovacic, James Speta, Speta, Rajesh Kumar Singh, Diane Bartz, David Shepardson, Richard Chang Organizations: JetBlue Airways, American Airlines, Spirit Airlines, U.S . Justice Department, DOJ, Wednesday, JetBlue, American, New York University School of Law, Spirit, Former Federal Trade, George Washington University, Virgin America, Alaska Air Group, LaGuardia, Frontier Group Holdings, Northwestern University, Northeast Alliance, Southwest Airlines, U.S, Thomson Locations: CHICAGO, WASHINGTON, American, New York, Boston, Florida, Boston . New York, New, U.S, Chicago, Washington

JetBlue said it had informed American last week of its decision to terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool revenue. The "Northeast Alliance" with JetBlue helped American compete in the New York market, where it had been losing money. On May 19, U.S. District Judge Leo Sorokin in Boston ordered JetBlue and American to end the partnership, saying it "substantially" diminished competition in the domestic market. JetBlue said its decision to unwind the alliance would not result in any immediate changes for customers. But without the alliance, Hayes said JetBlue would likely need fewer employees in New York and Boston.

Persons: judge's, U.S . Justice Department's, Robin Hayes, Andre Barlow, Doyle, Barlow, Mazard PLLC, Leo Sorokin, Hayes, Rajesh Kumar Singh, David Shepardson Diane Bartz, Will Dunham, David Gregorio, Jamie Freed Organizations: JetBlue Airways, Spirit Airlines, American Airlines, The, JetBlue, American, U.S, U.S ., US Airways, DOJ, ALLIANCE, District, Northeast Alliance, furloughs, Thomson Locations: U.S, The New York, American, New York, Boston, Chicago, Washington

☆ JetBlue decides not to appeal American Airlines alliance court ruling
▼ + stars: | 2023-07-05 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +1 min

CHICAGO, July 5 (Reuters) - JetBlue Airways Corp (JBLU.O) said on Wednesday it will not appeal a U.S. judge's decision in May requiring it to end an alliance with American Airlines Group (AAL.O). The New York-based carrier said it will start unwinding the alliance to focus on its merger with Spirit Airlines (SAVE.N). U.S. District Judge Leo Sorokin in Boston on May 19 ordered JetBlue and American to end their "Northeast Alliance," saying the partnership "substantially" diminished competition in the domestic market. It also was a big piece of American's strategy to compete in the New York market, where it was losing money. Since the partnership started, American has ceded domestic capacity out of New York to JetBlue.

Persons: Leo Sorokin, Sorokin's, Rajesh Kumar Singh, Will Dunham, Chris Reese Organizations: JetBlue Airways Corp, American Airlines Group, The, Spirit Airlines, U.S, District, JetBlue, U.S . Justice Department, Thomson Locations: U.S, The New York, Boston, New York, American

☆ JetBlue says it will end American Airlines partnership after losing DOJ case, will focus on Spirit
▼ + stars: | 2023-07-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways said Wednesday that it will terminate its partnership in the northeast U.S. with American Airlines after a federal judge ruled to block the agreement, as the New York airline focuses on its acquisition of Spirit Airlines . American said last month that it would challenge the ruling against the JetBlue partnership, but New York-based JetBlue said Wednesday it would not appeal the decision. JetBlue's deal to buy Spirit came together after JetBlue and American launched a partnership in the Northeast. American Airlines said Wednesday that it will still appeal the ruling. A spokesman for the airline did not immediately say how American could salvage the deal if JetBlue plans to begin unwinding it.

Persons: 2023Flights, Trump Organizations: LAX, Jan, FAA, JetBlue Airways, American Airlines, New, Spirit Airlines, JetBlue, NEA, American, Alliance Locations: Los Angeles, CaliforniaJan, New York, Northeast

☆ Stock futures are flat on Wednesday evening: Live updates
▼ + stars: | 2023-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were little changed in overnight trading following a losing session on Wall Street. S&P 500 futures and Nasdaq-100 futures hovered around the flat line. The shortened trading week resumed Wednesday after a break for the Fourth of July holiday. The shortened trading week continues Thursday with a slew of fresh economic data points, including ADP private payrolls data for June and initial jobless claims. A reading of S&P Global services PMI and ISM services PMI are also on deck.

Persons: Powell, Malcolm Ethridge Organizations: Futures, Dow Jones Industrial, Nasdaq, JetBlue Airways, American Airlines, Spirit Airlines, Federal, CIC Wealth, P Global, PMI

☆ How the Internet Made Flying, Flight Delays, Hidden Airline Fees Worse
▼ + stars: | 2023-07-03 | by ( Gad Allon | ) www.businessinsider.com time to read: +12 min

Comparing airline prices, fees, and schedules on your own has become standard procedure. And they've introduced a complex system of additional fees, often hidden, for services that used to be included in the ticket price. In order to give that flight the appearance of being on-time, the airline might list the flight duration as three hours. This practice allows airlines to improve their on-time performance and reduce the risk of delays while ultimately boosting cost efficiency. Since everyone became their own travel agent and airlines began fiercely competing over price and on-time performance, airlines have shifted their focus.

Persons: They've, Itai, Eugene Orlov, it's, Orlov, Vinayak Deshpande, Mazhar Arıkan, Jan, Van Mieghem, Yuval Salant, Dennis J, Zhang, Louis, Gad Allon, Jerome Fisher Organizations: Google, Airline Industry, Tel Aviv University, Spirit Airlines, Ryanair, University of North, University of Kansas, Northwestern University, Washington University, Jerome Fisher Program, Management, Technology, Wharton School, University of Pennsylvania Locations: Ater, US, Ireland, University of North Carolina, St

☆ Southwest pilots' union lays groundwork for potential strike with labor talks at an impasse
▼ + stars: | 2023-06-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Southwest Airlines Co. plane takes off as representatives and pilots from the Southwest Airlines Pilots' Association (SWAPA) demonstrate outside Chicago Midway International Airport (MDW) in Chicago, Illinois, U.S., on Wednesday, May 18, 2016. Southwest Airlines pilots' union said Thursday it sought to be released from federal mediation for a new labor contract, laying the groundwork for a potential strike as talks with the carrier haven't yet yielded an agreement. The airline and union, the Southwest Airlines Pilots Association, have been in contract talks for more than three years and negotiations have been tense. Pilot strikes in the U.S. are extremely rare, and the Southwest Airlines Pilots Association's request does not mean that one is imminent because of procedures in U.S. labor law. There are several so-called cooling off periods should the National Mediation Board declare an impasse between Southwest and its pilots' union.

Persons: Jody R, Adam Carlisle, We've Organizations: Southwest Airlines Co, Southwest Airlines Pilots ' Association, Chicago, International, Southwest Airlines, Southwest Airlines Pilots Association, National, CNBC, Southwest, Pilots, Southwest Airlines Pilots, U.S, Spirit Airlines Locations: Chicago , Illinois, U.S, Dallas, Southwest

June 21 (Reuters) - A former Goldman Sachs (GS.N) banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend. He was convicted on four counts of securities fraud, conspiracy and obstruction of justice. Goel took the stand in his own defense during the trial and denied that he shared confidential information about the transactions. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown. The average sentence in federal fraud, theft and embezzlement cases in the U.S. last year was 22 months in prison.

Persons: Goldman Sachs, Brijesh Goel, Akshay Niranjan, Goel, Prosecutors, drugmaker, Goldman, Niranjan, Damien Williams, Jody Godoy, Jamie Freed Organizations: New, Spirit Airlines, Prosecutors, Court, Southern District of, Thomson Locations: New York, Manhattan, U.S, Southern District, Southern District of New York

June 20 (Reuters) - Former Goldman Sachs banker Brijesh Goel's trial on insider trading charges drew to a close on Tuesday, with his attorney saying he was framed by his friend and a prosecutor saying Goel had lied to a New York jury. Prosecutors agreed not to charge him in exchange for cooperation in the case, including secretly recording his conversations with Goel. Assistant U.S. Attorney Joshua Naftalis said recordings of Goel urging Niranjan to delete messages about the trades prove his guilt. A Goldman Sachs spokesperson has called Goel's alleged conduct "egregious" and said the bank is cooperating with authorities. The case was one of several U.S. Attorney Damien Williams announced last summer as part of an insider trading crackdown.

Persons: Goldman Sachs, Brijesh Goel's, Goel, Akshay Niranjan, drugmaker, Goldman, Joshua Naftalis, Niranjan, Reed Brodsky, Brodsky, Apollo, Damien Williams, Jody Godoy, Sonali Paul Organizations: Spirit Airlines Inc, Barclays, Prosecutors, Goel ., U.S, Apollo Global Management, Court, Southern District of, Thomson Locations: New York, U.S, Southern District, Southern District of New York

☆ JetBlue is painting its planes blue. Is that a good idea?
▼ + stars: | 2023-06-15 | by ( Dennis Green | ) www.businessinsider.com time to read: +5 min

JetBlue announced on Wednesday it's going to paint its planes blue. JetBlue's current white livery, for comparison's sake with the new blue one. JetBlue will be prominent on a plane's underside in the new livery. "The refreshed livery design was extensively reviewed and researched across the organization to ensure we will maintain our standard of great service. Southwest Airlines' paint scheme is the most similar to JetBlue's new one, with a blue fuselage and the airline's name in a large white typeface.

Persons: Jayne O'Brien, Lukas Wunderlich, John Hansman, It's, Hansman, it's, Kamil Krazaczynski Organizations: JetBlue, MIT Aeronautics, Astronautics, Getty, Spirit Airlines, Southwest Airlines, Sun, Frontier Locations: Delta, United, Alaska

☆ 6 things I wish I knew before my first flight on Spirit Airlines
▼ + stars: | 2023-06-14 | by ( Hannah Towey | ) www.businessinsider.com time to read: +1 min

I flew with Spirit for the first time in December 2022 and learned everything you give up for cheap fares. Here are six things I wish I knew about the airline before my 3-hour flight from Miami to NYC. Morning Brew Insider recommends waking up with, a daily newsletter. But my first time flying Spirit Airlines in December 2022 challenged everything. From the lack of in-flight entertainment and outlets to $4 water, here are the six things I wish I knew before boarding a 3-hour flight from Miami to New Yor City:

Persons: I'm Organizations: Spirit, Morning, packer, Spirit Airlines Locations: Miami, NYC, New Yor City

[1/2] American airlines jets sit at gates at Washington's Reagan National airport in Washington, U.S. April 29, 2020. REUTERS/Kevin LamarqueWASHINGTON, June 12 (Reuters) - U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines (AAL.O) and JetBlue Airways (JBLU.O) must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue. On Friday, the airlines asked Sorokin to allow them to continue mutual frequent flyer recognition and codeshare arrangements. The Justice Department said Sorokin should reject the airlines' "invitation to craft a new 'NEA Lite' on the fly." Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Kevin Lamarque WASHINGTON, Leo Sorokin, Sorokin, David Shepardson, Nick Zieminski Organizations: Reagan, REUTERS, District, American Airlines, JetBlue Airways, Northeast Alliance, NEA, JetBlue, Justice Department, American, JetBlue Boston, U.S, Department, Spirit Airlines, Thomson Locations: Washington , U.S, New York, Boston, Washington, York, JFK, LaGuardia, Newark

WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark

☆ A woman who was denied boarding by Spirit Airlines for being 'too intoxicated' slapped a gate agent, local media reports
▼ + stars: | 2023-06-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

A woman at Atlanta airport was denied boarding on a Spirit Airlines flight for being "too intoxicated." She then slapped a gate agent, per a police report cited by local media. A woman was arrested after she was stopped from boarding a Spirit Airlines flight in Atlanta because she was "too intoxicated" and slapped a staff member, according to a number of media reports. The woman was angry after being told she wouldn't be allowed to board a Spirit Airlines flight at Hartsfield-Jackson Atlanta International Airport Gate E-3 on May 11, Fox 5 Atlanta reported. Insider contacted Spirit Airlines and Atlanta International Airport for comment about the incident, but did not immediately hear back outside of regular business hours.

Persons: wouldn't, WSBTV, riling Organizations: Spirit Airlines, Morning, Hartsfield, Jackson Atlanta International, Fox, Atlanta, Atlanta Police, The Independent, Atlanta International Airport Locations: Atlanta, Clayton County

☆ A JetBlue/Spirit Merger Will Make Air Travel (Even) More Miserable - The New York Times
▼ + stars: | 2023-06-04 | by ( Bill Saporito | ) www.nytimes.com time to read: +2 min

But now JetBlue wants to be a major player, too. It formed the Northeast Alliance with American Airlines in 2021 and, a year later, announced its planned acquisition of ultra low-cost carrier Spirit Airlines. Last month, a federal judge ordered JetBlue and American to disentangle the Northeast Alliance. While most goods and services improve over decades, air travel has defied progress — with the very important exception of safety. Today, the four major carriers control most of these precious slots in major airports and aren’t keen to surrender them.

Persons: I’m, David Neeleman — Organizations: JetBlue, Northeast Alliance, American Airlines, Spirit Airlines, Hyatt Hotels, Hyatt Studios, Innovation, Breeze Airways Locations: U.S

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Broadcom, Bowlero, Microsoft, Rivian & more
▼ + stars: | 2023-06-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Broadcom as buy Bank of America raised its price target on the stock to $950 per share from $800 after Broadcom's earnings report on Thursday. "Our new PO of $950 (from $800) represents 21x CY24E EV/FCF as AI accelerates company growth potential. Bank of America reiterates Five Below as buy Bank of America said the discount retailer has "recession resilience." Bank of America upgrades Surgery Partners to buy from neutral Bank of America said the health care company has " favorable long-term tailwinds." Bank of America reiterates Lululemon as buy Bank of America said Lululemon is a "best-in-class growth story."

Persons: it's, Riley FBR, Riley, Piper Sandler downgrades, Piper, Morgan Stanley, Apple, it's bullish, Wells, Stifel, Goldman Sachs, Goldman, 100bps, Frank Klein, Tim Fallon, Tim Bei, Derek Mulvey, RIVN, Lululemon Organizations: Bank of America, Broadcom, Warner Music, JPMorgan, Energy, Surgery Partners, of America, Partners, Amazon, Microsoft, ISI, Barclays, Strategic Finance, Citi, Frontier Citi, LaGuardia, Spirit Airlines, Watch Locations: Valvoline, Biopharma, Agriculture, Normal , IL

☆ Spirit Airlines Technical Issue Delays Over a Third of Flights
▼ + stars: | 2023-06-01 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/spirit-airlines-technical-issue-delays-a-third-of-flights-44e9f1db

Persons: Dow Jones

Canada's largest carrier had said earlier that an issue with its communicator system had resulted in flight delays across its system. "Air Canada’s operations are stabilizing and flights are departing," the airline said Thursday afternoon. Air Canada did not describe the specific issue but said Thursday's glitch was unrelated to the one last week. "Air Canada will continue to work with the manufacturer to ensure stability in the system in the future." "We’re now working our way back to normal operations," Spirit said in an emailed statement.

Persons: We’re, Allison Lampert, Ismail Shakil, David Shepardson, David Gregorio, Mark Porter Organizations: Air Canada, Canada, Southwest Airlines Co, Spirit Airlines, Thomson Locations: MONTREAL, Montreal, Ottawa, Washington

☆ These are the 7 most hated brands in America—Elon Musk's Twitter is No. 4
▼ + stars: | 2023-06-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Twitter, Meta and TikTok are three of the world's biggest social media giants. Meta and Twitter both scored poorly in the "culture" and "ethics" categories. Here are the seven brands with the worst reputations in America, according to the poll:The Trump Organization FTX Fox Corporation Twitter Meta Spirit Airlines TikTokAmericans named the Trump Organization as the company with the worst public perception in the country. The Trump Organization, TikTok and Spirit Airlines held their spots from last year's rankings. Meta and Twitter became slightly more reputable, by one spot each, and Fox Corporation went from fifth-worst to third-worst.

Persons: They're, Axios Harris, Elon Musk, TikTok, Donald Trump, FTX, Sam Bankman, Fried, Bitcoin, FTX's, Kelly Evans Organizations: Twitter, Meta, Fidelity, Elon, Trump Organization FTX Fox Corporation Twitter, Airlines TikTok, Trump Organization, CNBC, . Fox Corporation, Voting Systems, BP, Company, The Trump Organization, Spirit Airlines, Fox Corporation Locations: U.S, America, BP's Gulf, Mexico, Nos

☆ American Airlines plans to appeal ruling that blocks JetBlue partnership, CEO says
▼ + stars: | 2023-05-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. American Airlines plans to appeal a court's recent ruling that would block its partnership with JetBlue Airways in the Northeast, American CEO Robert Isom said Wednesday. A spokesman for JetBlue declined to comment and didn't say whether the airline also planned to appeal the ruling along with American. U.S. District Judge Leo Sorokin ruled earlier this month that the airlines' partnership in the region is anticompetitive and ordered the airlines to end the partnership in 30 days. American Airlines CFO Devon May said at the same conference on Wednesday that the company didn't expect a material impact this year due to the ruling.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Joe Biden's, Biden, Sorokin, Trump, Devon May Organizations: American Airlines, JetBlue, Fort, Hollywood International Airport, Fort Lauderdale , Florida . American Airlines, JetBlue Airways, American, U.S, District, DOJ, Joe Biden's Justice Department, District of Columbia, Delta, Delta Air Lines, United Airlines, Devon, Justice Department, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Northeast, American, Boston, New York

☆ Premarket stocks: Debt ceiling woes could kill Wall Street dealmaking
▼ + stars: | 2023-05-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Before the Bell spoke with Mitch Berlin, EY Americas Vice Chair, Strategy and Transactions, to discuss the effect the debt ceiling drama is having on dealmaking:This interview has been slightly edited for clarity. Uncertainty around the debt ceiling is threatening to stall any momentum in the M&A market. If the debt ceiling is not raised within the next few weeks, dealmaking will largely be put on hold and [it] could set M&A dealmaking back to the lows of the early pandemic or worse. Janet Yellen stands by June 1 debt ceiling deadlineUS Treasury Secretary Janet Yellen on Sunday reaffirmed June 1 as the “hard deadline” for the United States to raise the debt ceiling or risk defaulting on its obligations. “There will be hard choices to make if the debt ceiling isn’t raised,” reiterated Yellen after Biden’s warning.

[1/2] An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." Garland said the Justice Department will continue to protect competition and enforce U.S. antitrust laws across industries, including the airline industry. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

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