U.S. economic growth slowed to a 1.6% pace in the first quarter, as rising imports helped offset increased consumer spending. (WSJ)
U.S. wholesale inventories fell 0.4% in March. (MarketWatch)
South Korea’s economy grew at a stronger-than-expected 3.4% pace in the first quarter. (WSJ)
Toyota is investing $1.4 billion in an Indiana plant slated to assemble battery-electric SUVs. (WSJ)
Micron Technology will get up to $6.1 billion from the U.S. government to build three chip-making facilities. (WSJ)
Airbus is stepping up production of its A350 wide-body jets. (WSJ)
S&P Global Ratings cut Boeing’s outlook to negative from stable. (WSJ)
Southwest Airlines is pulling out of some airports as it copes with lackluster revenue and delays in deliveries of new Boeing jets. (WSJ)
Consumer-goods supplier Unilever projects sales revenue to grow 3% to 5% this year after sales volumes expanded in the first quarter. (WSJ)
The first of 11 ships trapped behind the wreckage of the Key Bridge left the Port of Baltimore through a new alternate shipping channel. (Baltimore Sun)
Tesla plans to begin delivering its Semi heavy-duty truck to customers starting in 2026. (Commercial Carrier Journal)
Congo’s government is questioning Apple about the company’s knowledge of “blood minerals” that could reach into its supply chains. (Associated Press)
Retailer Tractor Supply plans to open its 10th U.S. distribution center along with 80 more stores this year. (Retail Dive)
Sales at industrial supplies distributor W.W. Grainger rose 3.5% in the first quarter. (MarketWatch)
Harley-Davidson’s global motorcycle shipments declined 7% in the first quarter. (MarketWatch)
India’s IndiGo airline ordered 30 Airbus A350 jets, with options for 70 more. (Times of India)
Three low-cost passenger airlines are bidding to buy the cargo business of South Korea’s Asiana Airlines. (Air Cargo News)
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