On Tuesday, Boeing’s chief executive, David Calhoun, advised that he wasn’t fascinated within the authorities’s taking an fairness stake in the company, despite the beleaguered state of the aerospace big. “We don’t believe in mandating and regulating sure huge businesses,” he mentioned. Loans to small businesses, with 500 employees or fewer, are limited to $10 million. The laws also doesn’t embody $3 billion that the Trump administration requested to purchase crude oil for the Strategic Petroleum Reserve. Such a purchase order might have helped carry demand for oil, and thus its value, which within the United States has tumbled to lower than $25 a barrel in current weeks.
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