The Presidential Daily Brief

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    Airbus to Settle in Corruption Case

    The European planemaker could face more than $3 billion in penalties after agreeing to settle a yearslong bribery and corruption investigation with French, British and American regulators. In 2016, the Boeing rival self-reported instances in which the company inaccurately declared the services of third-party consultants in lucrative deals. Airbus hasn't commented on the details of the forthcoming settlement.

    Is this bad news for the company? Actually, shares rose 2.3 percent in early trading amid signs that investors were confident in the conclusion of the affair.

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