Leading U.S. airlines, including American Airlines $AAL, United Airlines $UAL, and Southwest Airlines $LUV, have voiced strong opposition to a renewed legislative push that seeks to cap interchange fees charged by credit card giants Visa $V and Mastercard $MA. In a formal letter to U.S. senators, the aviation industry warned that the proposed legislation could undermine the economic foundation of rewards-based credit cards, potentially leading to the end of frequent flyer miles programs that are crucial to customer loyalty and airline revenues.

The Trump administration’s decision to integrate Boeing Co. $BA aircraft deals into the fabric of trade negotiations has elevated the importance of the aerospace sector within international commerce. By utilizing substantial aircraft contracts as bargaining instruments, US officials are reshaping bilateral discussions and establishing Boeing as a focal point in trade diplomacy.

Toyota Motor Corporation $TM, the world’s leading car manufacturer, is set to acquire major auto parts supplier Toyota Industries Corporation $TYIDF in a deal valued at $42 billion. According to sources reported by Nikkei, the offer is expected to be formally accepted as soon as Tuesday, with other group affiliates participating in the buyout. The acquisition will transition Toyota Industries from public trading to private ownership, reinforcing Toyota’s grip on its supply ecosystem.