Monday, September 28
Boeing's biggest jet hits a software wall
A newly discovered bug in the 737 Max 10's landing system has pushed federal certification further into the future, dealing the struggling planemaker yet another painful delay.
Top Stories
Boeing's software bug is proof the company's quality crisis is far from over
The FAA said it will not certify Boeing's largest Max variant after the company itself flagged a software bug that could knock out automated landing guidance at a critical moment during flight, sending shares down sharply.
The fact that Boeing had to surface this problem itself is the real story: it suggests internal scrutiny has improved, but it also means the finish line for the Max 10 just moved again, at exactly the moment the company can least afford it.
Nvidia's record buyback signals management believes the stock is deeply undervalued
Nvidia announced a $150 billion addition to its share-repurchase program, the largest buyback increase in market history, bringing total authorized buybacks to $235 billion through 2028.
When a company spends that aggressively to buy back its own shares, it is making a loud public bet that the market is underpricing what comes next, and from Nvidia's seat atop the AI hardware world, that confidence is hard to dismiss.
A tiny eye-drug company just put Regeneron's biggest product in its crosshairs
Kodiak Sciences reported that its experimental eye treatment matched Regeneron's Eylea head-to-head in a late-stage clinical trial for a leading cause of blindness, sending Kodiak's stock up more than 178 percent in a single session.
Eylea generates billions in annual revenue for Regeneron, so a credible rival that just cleared its biggest scientific hurdle is not a footnote: it is a direct threat to one of the most lucrative franchises in medicine.
Also Today
- AMD pays $8 billion to acquire Fei-Fei Li's lab
- American Express now accepted at 190 million locations worldwide
- Adobe sees holiday online spending hitting $275 billion
Takeaway
Today's session was defined by a split between genuine corporate achievement and stubborn corporate fragility, with Boeing's self-reported software flaw and Kodiak's landmark trial result sitting at opposite ends of that spectrum, while Nvidia's buyback served as the day's clearest statement of industrial-era confidence in AI's staying power.
The most concrete thing to watch next is whether the FAA and Boeing can agree on a timeline to fix the Max 10 software issue, because every week that certification slips is another week of lost orders for a manufacturer that has very little margin for more bad news.
