MAX Fine

Good morning! France’s shock election result, which saw a left-wing surge and Marine Le Pen’s far right party slip into 3rd place, came as a surprise to almost everyone… not least of all [French chartmakers](. Today we’re exploring: - Fine: Boeing’s new penalty in context. - Amazon at 30: Bezos’s baby 3 decades later. - Breath of fresh air: The US is now generating more electricity from wind than coal. Have feedback for us? Just hit reply - we'd love to hear from you! TOGETHER WITH [Sponsor Logo](   MAX fine Boeing is set to plead guilty to misleading air safety regulators in the lead-up to the two fatal 737 MAX crashes, in which 346 people died, according to a [court filing]( yesterday. The plea deal includes a second $243.6 million [criminal fine](, as well as a financial commitment from the company to invest $455 million over the next 3 years to enhance its compliance and safety programs. This latest proposed fine from the Department of Justice takes the total to the maximum allowed by law (if [approved by a judge](), but it falls well short of the ~$25 billion that families of the victims had been pushing for last month. It’s also a relatively trivial sum compared to Boeing’s size. When combined, the total fine is $487 million, roughly 0.6% of the company’s total sales last year, or the equivalent of 2.3 days’ worth of revenue. Pleading guilty would make Boeing a felon, and a criminal record could pose problems for its military contracts, which last year totaled $22.8 billion with the [Defense Department](. This agreement also only relates to alleged failures preceding the fatal crashes and does not address more recent issues, such as the alarming door blowout on an Alaska Airlines flight earlier this year, which has contributed to a significant drop in Boeing's deliveries compared to its European rival, [Airbus](. In an effort to gain better oversight of everything that goes into a Boeing plane, the company recently agreed to acquire [Spirit AeroSystems](, the supplier of its fuselage for the MAX. [Read this on the web instead](   Wind power by [Rani Molla]( Wind is quietly blowing away coal, when it comes to supplying electricity in the US. In April, wind power generated more electricity than coal for the second month in a row, according to the latest available data from the [Energy Information Administration](. Wind briefly surpassed coal once before in April last year, but this time it’s by a much larger margin and for two consecutive months. Renewable energy production has been ticking up for years but only recently have fuels like wind and solar approached the ballpark of fossil fuels and nuclear power. Last year renewables made up [21%]( of electricity generation in the US. However, tech companies’ [insatiable need]( for fuel to power their AI projects and the [data centers]( that support them could mean that utility companies will have to lean more heavily on natural gas, coal and nuclear than would have otherwise. That’s one reason investors like Warren Buffett are [investing in energy companies](. Tech companies themselves are [getting into the energy business]( and are [buying directly from power plants](, generally [wreaking havoc]( on the energy grid. Natural gas remains the main fuel source for electricity generation in the US by a long shot. [Read this on the web instead](   [Sponsored by ARMRA]( The performance powerhouse insiders can’t get enough of Did you know there’s a whole food so powerful that it was once traded on the black market by bodybuilders? It’s colostrum, and ARMRA has harnessed its transformative benefits. This bioactive whole food strengthens immunity and fuels cellular health, but that’s just scratching the surface. Because ARMRA Colostrum works at the foundational level, users unlock thousands of whole body benefits. When it comes to optimizing your performance, research has shown that [colostrum improves running time 2x compared to whey, decreases recovery time by over 50%, and specifically builds lean muscle mass.*]( Bovine Intervention [ARMRA Colostrum]( is a proprietary concentrate of bovine colostrum, the exclusive source of 400+ bioactive nutrients that revive your health at the cellular level. Leveraging proprietary Cold-Chain BioPotent™ Pasteurization Technology, ARMRA preserves these functional nutrients in their most pure, potent, and bioavailable form [for maximum results you can actually see and feel.]( *Research Citations: PMIDs: [11312068](, [12500989](, [23903529](, [12188088](, [38799427]( [Experience radical health transformation with ARMRA Colostrum™](   Life and Primes Depending on which millennial you ask, turning 30 in 2024 seems like a pretty good (or pretty daunting) opportunity to reflect... for Jeff Bezos’s ~$2 trillion baby, the financial results are more pleasing than most. Since launching as an online bookstore on July 5th 1994, Amazon has seen its revenues grow every single year, becoming a one-stop online shop for hundreds of millions of customers around the world. In fact, in the last 25 years, the company has grown at an astonishing CAGR (compound annual growth rate) of 31.5% — the equivalent of doubling its revenue approximately every two and a half years. All of that revenue growth has translated into AMZN becoming one of the biggest businesses in the world, its share price having soared more than 220,000% at the time of writing since it went public in 1997. The everything store It’s impossible here to unpack the boxed-up behemoth that is Amazon, but even the most whistle-stop tour of its history reveals many chapters that would, by themselves, dominate the stories of most other businesses. In 2005, for example, Amazon launched its Prime subscription service, which has since been hailed as “[the internet’s most successful and devastating membership program](”. Just one year later, the company introduced Amazon Web Services, its cloud computing division that provides servers, storage, and basically everything else to some of the world’s most visited online real estate — the division accounted for 67% of its $37B operating profit [last year](. Today, Amazon negotiates a trickier e-commerce landscape. Its forays into advertising have been wildly profitable, but the company still continues to struggle with long-standing issues like its huge global workforce’s [unionization efforts](, as well as newer battles too. China’s online marketplace phenomenon Temu, for instance, has quickly become serious competition, forcing Amazon to reportedly make plans to emulate [the platform](. [Read this on the web instead](   More Data - Trash mountain: Nepalese authorities have removed 24,000 lbs of garbage from Everest [this climbing season](. - The Department of Transport received almost 97,000 airline complaints last year, up 12% from 2022 and close to the ~102,000 record in 2020 when the pandemic rocked [the industry](. - Paramount Plus Skydance: The storied Hollywood studio has (finally) agreed [a merger]( with the media company valued at ~$28 billion. - Japan’s base pay climbed at the fastest rate in 31 years in May, but, when adjusted for inflation, wages declined for a record 26th month [in a row](. Superfoods like kale and quinoa contain up to 65 bioactives. Colostrum stands alone, containing 400+ — and [ARMRA’s clinically-backed colostrum]( preserves these in a uniquely pure, premium and bioavailable concentrate. From ignited metabolism to improved muscle mass, thousands of transformational benefits are waiting for you to unlock: [try ARMRA Colostrum here](. Ad   Hi-Viz - What the final French election results actually ended up [looking like](. - Charting the most common 4-digit [PIN codes](. Off the charts: Another tricky one for your Monday morning. What is this chart showing? [Answer below]. (A) Apple: iPads vs. iPhones sold. (B) Fish: Farmed vs. wild-caught fish. (C) Pools: The number of indoor vs. outdoor pools in America. (D) UK: Britain’s population in cities vs. rural areas. [Answer here.](   Thanks for stopping by! Have some [feedback](mailto:daily@chartr.co?subject=Feedback&body=Hi, I like the newsletters, but I had a thought for you...) or want to [sponsor this newsletter](mailto:advertising@sherwoodmedia.com?subject=I’m interested in advertising with Sherwood Media)?   Not a subscriber? Sign up for free below. [Subscribe](   [X]( [Instagram]( [Chartr Logo]( Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... [See more]( [Sherwood Terms and Conditions]( [Our Editorial Standards]( [Contact Us](mailto:daily@chartr.co?body=Hi%2C%0A%0AI%20like%20the%20newsletters%2C%20but%20I%20had%20a%20thought%20for%20you...&subject=Feedback) [Advertise With Us](mailto:advertising@sherwoodmedia.com?body=I%E2%80%99m%20interested%20in%20advertising%20with%20Sherwood%20Media) [Unsubscribe](newsletter=chartr) [Privacy Policy](