News Snapshot:
Reuters Videos STORY: Boeing shares soared roughly 5% on Monday on news that China may end its more than four-year freeze on purchasing the airline’s popular 737 Max as soon as this week.A report from Bloomberg News over the weekend said China could unveil plans to repurchase the plane when U.S. President Joe Biden and Chinese President Xi Jinping meet at the annual APEC summit in San Francisco on Wednesday.Boeing has been all but shut out of new orders from Chinese carriers since 2017, after two deadly crashes of the 737 Max and amid rising political and trade tensions between...
