After dipping late Tuesday on the Iran news, Boeing’s stock price had risen by more than a percentage point by midday Wednesday. Boeing has enjoyed a successful, but sometimes turbulent, ride under the Trump administration, simultaneously lifted and jostled by Mr. Trump’s economic policies. Boosted by resurgent global aircraft demand, Boeing’s share price has more than doubled since the beginning of 2017. Boeing’s after-tax revenues have surged thanks in part to the tax cuts that Mr. Trump signed into law at the end of last year. He said the company would use other proceeds from the tax bill to invest in innovation.

Source: New York Times May 09, 2018 18:56 UTC