Crisis-hit Boeing reports quarterly revenue drop

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Under intense pressure since a part of the fuselage on its 737 Max plane blew out mid-flight, Boeing reported its first-quarter results with revenue falling to $16.5 billion and a cash burn of nearly $4 billion… though they were still better than feared. The planemaker’s board has yet to name a successor to CEO Dave Calhoun who announced his resignation last month. Plus, the EU has launched a probe into China’s medical device market, drawing a sharp response from Beijing. 

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