The daily business briefing: October 17, 2017

Airbus buys into Bombardier's C Series jet business, Netflix subscriber growth beats expectations, and more

Netflix CEO Reed Hastings
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1. Airbus to buy majority stake in Bombardier C Series jet program

Airbus announced Monday that it would buy a majority stake in Canadian aircraft manufacturer Bombardier's C Series business, and add a final assembly line for the planes at its Mobile, Alabama, plant. The news came in the middle of a trade dispute in which the Trump administration has hit Bombardier with a 300 percent tariff after rival aircraft maker Boeing complained that Bombardier was benefitting from illegal subsidies and dumping cheap planes in the U.S. The dispute has threatened Delta Airlines' deal to buy 75 Bombardier C Series CS100 jets. Bombardier CEO Alain Bellemare said Airbus' U.S. assembly line would make the aircraft "a domestic product" not subject to import duty.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.