Stock Movers: Boeing, Intel Rally on FAA Easing & US Chip Policy; Daimler Slides on Tariffs

Boeing's FAA Leeway and Order Surge

• ✈️ Boeing (BA) shares are up over 3% due to the FAA easing restrictions on 737 MAX deliveries, allowing more final safety checks before handover.
• 📈 This FAA decision is expected to permit Boeing to raise its 737 output beyond the current cap of 38.
• 💰 The company is also seeing a resurgence in orders, including a potential 225 aircraft order from Turkish Airlines and previous commitments from Norwegian Air.

Intel and US Chip Manufacturing Policy

• 💡 Intel (INTC) shares have risen 4%, alongside Global Foundaries (GFS) which is up over 9%.
• 🇺🇸 The Trump administration is considering a policy to reduce US reliance on overseas chip manufacturing by requiring companies to produce as many chips domestically as they import.
• ⚖️ Companies that fail to maintain a 1:1 ratio of domestic production to imported chips may face tariffs.
• 🤝 Intel has reportedly approached Apple and TSMC for investment or manufacturing partnerships to support its comeback.

Tariff Impacts on European and US Companies

• 🚚 Daimler Truck Holdings shares have fallen as much as 4% in Frankfurt due to the planned 25% US tariff on imported heavy trucks starting Wednesday.
• 🇸🇪 In contrast, Sweden's Volvo, which manufactures heavy trucks locally, saw its shares rise 3%.
• 💊 The US is also threatening a 100% tariff on patented drugs unless manufacturers build plants in the US, impacting companies like Eli Lilly (LLY) and Novo Nordisk.
• 🏠 Tariffs are also affecting furniture imports, with a 30% duty on upholstered furniture and a 50% charge on kitchen cabinets and bathroom vanities, leading to stock drops for companies like Wayfair, RH, and William Sonoma.