"Republican Selling and US Investigation Drive Boeing Stock Down 25%"
Two Republican Congressmen, Blake Moore and Kevin Hern, sold stocks in Boeing following a series of safety concerns and incidents involving the company's aircraft. The Federal Aviation Administration found Boeing failed 33 of 89 safety tests, prompting a temporary grounding of certain Boeing 737 Max 9 aircraft operated by U.S. airlines. The stock sales have raised conflict of interest concerns, as politicians in Congress still hold shares in Boeing, and have sparked calls for stricter regulations on stock trading by elected officials. Meanwhile, Boeing's stock has declined significantly in the last three months amidst ongoing safety issues and a series of incidents involving its aircraft.
