American Airlines pilots expect to test 737 MAX software fix in Boeing simulator

American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes.

Mexico could pay Pemex debt from $15 billion stabilization fund

Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex.

Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value

Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer’s disease drug aducanumab, a major setback in the quest to find a treatment for the mind-wasting disease and a blow to Biogen, which lost more than $18 billion of its value on Thursday.

Levi Strauss shares surge 31 percent in stock market return

Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the jeans maker a market value of $8.7 billion and suggesting strong investor appetite before much-awaited listings from Lyft and Uber.

Biogen scraps Alzheimer drug trials, wiping $17 billion off its market value

Reuters – Biogen and partner Eisai Co Ltd are ending two late-stage trials for the experimental Alzheimer’s drug aducanumab, in a setback to efforts to find treatments for the disease and for Biogen’s stock, which lost more than $17 billion of its value on Thursday.

U.S. government sued for access to auto tariff probe report

A conservative group has sued the U.S. government for access to a report on whether auto imports pose a big enough security risk to justify hefty tariffs on the sector, part of a growing chorus demanding a copy of the document.

U.S. labor market solid; manufacturing sector slowing

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year’s robust gains.

Stock futures tread water after Fed turns more accommodative

U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.