FastMarket.news

Trump's Plan to Use Qatari Jet as Air Force One Faces Scrutiny

Published 1 hours agoBA
Trump's Plan to Use Qatari Jet as Air Force One Faces Scrutiny

Recent reports indicate that President Donald Trump is set to accept a luxury Boeing 747-8 aircraft from Qatar's royal family to temporarily serve as Air Force One. This move comes as Boeing continues to experience delays in producing the new presidential planes, originally scheduled for delivery in 2024. Reuters highlights that the Qatari offering, valued at about $400 million, aims to fill in until Boeing delivers the new planes, now expected in 2027 and 2028.


The proposed acceptance of the aircraft has sparked legal and ethical debates. The U.S. Constitution prohibits government officials from accepting gifts from foreign entities without congressional approval. However, as reported by El País, legal teams from both the White House and the Department of Justice have deemed the arrangement lawful, provided it is managed by the Department of Defense and later transferred to Trump's presidential library.


The situation has highlighted frustrations within the Trump administration over Boeing's delays. Trump has voiced dissatisfaction, exploring alternatives such as obtaining a plane from another country. Meanwhile, Boeing's CEO has acknowledged these frustrations and noted that efforts to accelerate the process are underway, with input from SpaceX's Elon Musk to streamline the delivery path, emphasizing the desire to meet presidential requirements in a timely manner.

Share this article

Recent Articles

Church & Dwight Not Planning Acquisition of Hand Sanitizer Brand

Church & Dwight Not Planning Acquisition of Hand Sanitizer Brand

21 minutes agoCHD

As of May 12, 2025, there is no public confirmation of Church & Dwight Co., Inc. planning to acquire a hand sanitizer brand for up to $880 million. The company has been known for strategic acquisitions in the personal care and health sectors, highlighting its focus on broadening its product portfolio. Historically, Church & Dwight has made significant acquisitions, adding well-known brands to its lineup. In November 2021, the company acquired TheraBreath, a major player in alcohol-free mouthwashes, for $580 million, as reported by Nasdaq. Prior to that, it purchased Zicam for $530 million in December 2020, enhancing its presence in the cold remedy market, according to Finsmes. Furthermore, in September 2022, Church & Dwight bought Hero for $630 million, a leader in acne treatment products, noted Marketscreener. In the stock market, shares of Church & Dwight Co., Inc. (CHD) were trading at $95.04, showcasing a slight increase of $3.47 or 0.04% from the previous close. The day's trading saw a high of $95.26 and a low of $90.72 with an open price at $91.25. The intraday volume reached 1,384,762 as of the latest trade recorded on Monday, May 12, at 17:15:40 UTC.

monday.com Sees Surge in High-Paying Customers and Boosted Margins

monday.com Sees Surge in High-Paying Customers and Boosted Margins

36 minutes agoMNDY

monday.com has reported impressive growth in its high-paying customer segment alongside improved operating margins. As of December 31, 2024, the number of clients with annual recurring revenue (ARR) exceeding $50,000 jumped by 39% year-over-year, reaching 3,201. Additionally, customers generating over $100,000 in ARR surged by 45%, totaling 1,207 for the same period, according to details shared on Nasdaq.com. Supporting its robust customer growth, monday.com also showcased enhanced operational efficiency. The company's non-GAAP operating margin for the fourth quarter of 2024 increased to 15%, up from 10% the previous quarter. For the full fiscal year 2024, this margin stood at 14%, reflecting a significant improvement from the 8% recorded in fiscal year 2023, as noted by the company’s investor relations website. These developments are part of monday.com's ongoing strategy to attract and keep high-value customers, while simultaneously boosting operational effectiveness. The company's revenue for the fourth quarter hit $268 million, marking a 32% rise year-over-year, and it maintained a strong net dollar retention rate of 112%, signifying solid customer retention and expansion.

Alibaba's Stock Gains Momentum Amid Analyst Upgrades and Strategic Investments

Alibaba's Stock Gains Momentum Amid Analyst Upgrades and Strategic Investments

51 minutes agoBABA

Alibaba Group Holding Limited (NYSE: BABA) has been attracting considerable investor interest, as seen through recent stock movements and developments as of May 12, 2025. Analysts' positive outlook and upgraded price targets have fueled enthusiasm for the company's shares. For instance, CLSA raised its price target for Alibaba to $165, upgrading the stock to 'High-Conviction Outperform' due to strong financial performance. Similarly, Susquehanna maintained a 'Positive' rating with an increased price target of $175, reinforcing confidence in Alibaba's future. In addition to analyst optimism, Alibaba's strategic plans are set to further bolster its market position. The company announced a massive $56 billion investment in artificial intelligence and cloud computing sectors from 2025 through 2028. This substantial investment aims to strengthen Alibaba's technological prowess and competitive positioning. Furthermore, potential collaborative opportunities with Apple Inc. have surfaced, including the integration of AI features into iPhones in China, which could amplify Alibaba's presence in the AI arena. These strategic initiatives align with Alibaba's notable stock performance, which has surged over 50% year-to-date, reflecting robust investor confidence as reported by Nasdaq. The company's focus on technological innovation and its reception by analysts and investors underscore Alibaba's dynamic growth trajectory and heightened market interest.

Trump's Plan to Use Qatari Jet as Air Force One Faces Scrutiny

Trump's Plan to Use Qatari Jet as Air Force One Faces Scrutiny

1 hours agoBA

Recent reports indicate that President Donald Trump is set to accept a luxury Boeing 747-8 aircraft from Qatar's royal family to temporarily serve as Air Force One. This move comes as Boeing continues to experience delays in producing the new presidential planes, originally scheduled for delivery in 2024. Reuters highlights that the Qatari offering, valued at about $400 million, aims to fill in until Boeing delivers the new planes, now expected in 2027 and 2028. The proposed acceptance of the aircraft has sparked legal and ethical debates. The U.S. Constitution prohibits government officials from accepting gifts from foreign entities without congressional approval. However, as reported by El País, legal teams from both the White House and the Department of Justice have deemed the arrangement lawful, provided it is managed by the Department of Defense and later transferred to Trump's presidential library. The situation has highlighted frustrations within the Trump administration over Boeing's delays. Trump has voiced dissatisfaction, exploring alternatives such as obtaining a plane from another country. Meanwhile, Boeing's CEO has acknowledged these frustrations and noted that efforts to accelerate the process are underway, with input from SpaceX's Elon Musk to streamline the delivery path, emphasizing the desire to meet presidential requirements in a timely manner.