Boeing Shares Climb Following Tentative Labor Agreement, Potentially Avoiding Major Strike

Boeing’s (BA.N), shares rose 3.7% on Monday after the plane maker and its biggest union reached a tentative deal covering more than 32,000 workers, averting a possible strike.

This was the first major negotiation by new CEO Kelly Ortberg, who took the helm just a month ago and has been tasked with turning around the struggling plane maker.

Read more at Reuters.