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    Stocks Edge Higher Amid Trump Tariff Uncertainty

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    The Trump administration’s chaotic tariff rollout continues to spur volatility in the markets.Stocks inched higher in early trading on Tuesday, as the Trump administration’s chaotic tariff rollout continues to spur volatility in the markets.The S&P 500 opened up 0.5 percent, and the technology-heavy Nasdaq also gained slightly. President Trump’s whipsawing tariff policies are still driving sentiment on Wall Street, especially in sectors facing the threat of more levies or potential reprieves.Here’s what else to know:Bank stocks rose on Tuesday, as major U.S. lenders reported their latest earnings. Bank of America surpassed Wall Street’s profit and revenue expectations, and its shares rose about 5 percent Tuesday morning. Citigroup’s profits also beat estimates, sending its stock more than 2 percent higher.Tariff threats are taking center stage in the pharmaceutical and technology sectors, after the Trump administration on Monday took steps that appeared likely to result in new tariffs on pharma products and semiconductors. Shares in drugmaker Eli Lilly were up slightly on Tuesday morning, while Novartis stock was trading roughly flat. Shares in chip giant Nvidia were nearly 2 percent higher, after the company on Monday said it would invest in artificial intelligence infrastructure in the United States.Shares in Boeing, the aviation giant, fell about 1.5 percent on Tuesday following a report from Bloomberg News that China had instructed its airlines to halt deliveries of Boeing planes after the Trump administration imposed steep tariffs on Chinese goods.In the auto industry, shares in General Motors, Ford Motor and Stellantis — which jumped on Monday after Mr. Trump signaled that he might offer car companies some relief from tariffs — were mixed on Tuesday morning. Shares in General Motors and Ford both fell more than 1 percent, while Stellantis rose about a half percent. The sector, which is grappling with a 25 percent tariff on imported vehicles, is bracing for new levies on imported car parts.The U.S. dollar, long a haven in global financial markets, has been falling against other major currencies. But an index that tracks the currency against a basket of major trading partners stabilized early Tuesday, ending a five-day slide. More

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      At Least One Dead After Private Plane Crashes in Upstate New York

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      The plane, a Mitsubishi MU-2B carrying two passengers, went down Saturday in the town of Copake close to the Massachusetts border, according to the authorities.A plane crashed in a field on Saturday near the town of Copake, N.Y., leaving at least one dead, according to the Columbia County Sheriff’s Office.The plane, a Mitsubishi MU-2B bound for Columbia County Airport near Hudson, N.Y., was carrying two passengers and crashed a little after noon, the Federal Aviation Administration said in a statement.The aircraft went down near Two Town Road and did not damage any structures, Undersheriff Jacqueline Salvatore told reporters at a news conference on Saturday afternoon. Ms. Salvatore did not say how many people had been killed or if there were any survivors. The two passengers have not been identified.A private plane of the same model departed Westchester County Airport in White Plains, N.Y., shortly after 11:30 a.m., flying north toward Hudson before turning east at about noon, according to the tracking site Flightradar24. Minutes later, the craft disappeared from the site near Copake, a small town bordering Taconic State Park near the Massachusetts border.That plane was registered to a company based outside Boston, according to F.A.A. records.Ms. Salvatore said that, in addition to officers from the sheriff’s department, personnel from the New York State Police and a local fire department responded to the scene. Law enforcement officials received a 911 call about the crash at around noon, she said.At that time, the weather in the area was mostly mild, with overcast skies and wind gusts up to 26 miles per hour, according to the National Weather Service.Snow and moisture on the ground were hampering response efforts, Ms. Salvatore said.“It’s in the middle of a field and it’s pretty muddy, so accessibility is difficult,” she said.It was not immediately clear Saturday afternoon what had caused the plane to crash, Ms. Salvatore said, but local law enforcement planed to conduct interviews in the neighborhood to learn more.The F.A.A. and the National Transportation Safety Board are also investigating the crash, according to the aviation agency’s statement.In November of last year, a small plane carrying a pilot and four rescue dogs crashed roughly 50 miles west of Copake, in a remote area of the Catskill Mountains. In June, five members of a family were killed about 40 miles northeast of Binghamton, N.Y., when their small plane crashed en route from Cooperstown to Georgia. More

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      Grandmother Is Stranded When Her Parrot ‘Plucky’ Can’t Board Flight

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      Plucky, an African gray parrot, accompanied its owner on a Frontier Airlines flight to Puerto Rico in January. But a gate agent would not let it on board the return flight.Maria Fraterrigo, a grandmother from the Bronx, was booked in seat 4A on a flight from San Juan to Kennedy International Airport on Saturday night. But when she got to the gate for her return flight to New York, she said, an agent for Frontier Airlines stopped her.Her companion, an African gray parrot named Plucky, which Ms. Fraterrigo has claimed as an emotional support animal and can say the names of her grandchildren, was on a no-fly list.Despite being allowed to bring Plucky on her outbound Frontier flight without incident in January, she said, the agent told her that parrots were among several types of birds and other animals prohibited by the airline. She said that rule essentially left her stranded.“This guy from the counter yells at me and tells me, ‘You’re not going to make this flight,’ ” Ms. Fraterrigo, 81, recalled in a phone interview on Wednesday. “ ‘Give it to somebody. Get rid of it.’ I said, ‘No way, I’m not going to get rid of my baby.’”For four days, her travel plans were stuck in limbo, until Frontier appeared to have relented, ticketing her on another flight scheduled for Wednesday night. Plucky was expected to be in tow when Ms. Fraterrigo, completing her first trip since losing her husband in 2019, finally got to board.Her situation illustrated the tension between airlines and passengers over what kinds of animals are permitted on commercial flights, which at times might have gotten confused with a petting zoo until the federal government tightened rules for service animals on them. Miniature horses, pigs and other unusual pets found their way onto planes, but an emotional support peacock did not.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Pilots Discussed Alternate Ways to Land Before Deadly Jeju Air Crash

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      The pilots’ conversation with air traffic controllers, revealed in a partial transcript, could offer clues to what caused the disaster in South Korea, which killed 179 people.The pilots of Jeju Air Flight 2216 signaled three different plans for landing the stricken plane in the minutes before it crashed and killed 179 people in December, according to a partial transcript of their communication with air traffic controllers obtained by The New York Times.The transcript shows that the pilots reported a bird strike and radioed a mayday call as they approached Muan International Airport in South Korea on the morning of Dec. 29. They said they would turn left, then asked to turn right, intending to approach the airport’s sole runway from the south. When that failed, air traffic controllers asked if they wanted to land from the opposite direction, and the pilots said yes.The plane landed on its belly, overran the runway and struck a concrete structure that housed navigation aids, bursting into a deadly fireball. Only two people — flight attendants at the very back of the plane, a Boeing 737-800 — survived.The cause of the disaster, the deadliest plane crash on South Korean soil, is still being investigated, and the exchange between the pilots and the control tower could be a crucial piece of the puzzle. That is because it covers a period of about four minutes during which both of the plane’s flight recorders, known as black boxes, had stopped recording.The transcript includes no information about the state of the jet’s two engines or its electrical supply, which are intense areas of focus for investigators. It is still unclear why the black boxes went dark or why the plane’s landing gear was not engaged.The transcript was read out on Saturday to relatives of the victims by a representative of a board that was set up to investigate the crash. The official told them that the readout excluded parts of the conversation to protect the privacy of its participants, according to people who shared it with The Times. Officials have not publicly released the transcript, and the board did not immediately respond to a request for comment.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Small Plane Crashes in a Minneapolis Suburb, Killing at Least One, Officials Say

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      No one in the house was injured after the plane crashed in Brooklyn Park, Minn., a suburb of Minneapolis, officials said.A small plane crashed in a residential area in Brooklyn Park, Minn., on Saturday, leaving a house in flames.ABC NewsAt least one person was killed after a small plane crashed into a house in a Minneapolis suburb on Saturday afternoon, engulfing the home in flames, according to the Federal Aviation Administration and local officials.No one in the house was injured after the plane crashed in Brooklyn Park, Minn., Risikat Adesaogun, the city’s communications manager, said. Shawn Conway, the city’s fire chief, said no one aboard the plane survived, though it was not immediately known how many people were aboard.The plane, which the F.A.A. identified as a SOCATA TBM7, seats a maximum of seven people, according to GlobalAir.com.The home that was hit was a “complete loss” and there was minor damage to nearby homes, Ms. Adesaogun said. The F.A.A. and the National Transportation Safety Board were traveling to Brooklyn Park to investigate the crash.The plane took off from Des Moines International Airport in Iowa and was headed to Anoka County-Blaine Airport in Minnesota, the F.A.A. said, when it crashed at 12:20 p.m. in Brooklyn Park, a city of about 82,000 people that is 11 miles north of Minneapolis.Footage from a Ring security camera appeared to show the plane nose-diving a short distance away. Videos from the scene also showed a large home engulfed in flames.Gov. Tim Walz of Minnesota said on social media that his team was “monitoring the situation closely.” More

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      Venezuela Says It Will Resume Accepting U.S. Deportation Flights

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      Venezuela announced Saturday that it had reached an agreement with the Trump administration to resume accepting deportation flights carrying migrants who were in the United States illegally, with the first one landing as soon as Sunday.Part of Venezuela’s willingness to accept the flights appeared related to the plight of Venezuelan migrants whom the Trump administration recently sent to notorious prisons in El Salvador with little to no due process. In a statement on Saturday, a representative for the Venezuelan government said: “Migration isn’t a crime, and we will not rest until we achieve the return of all of those in need and rescue our brothers kidnapped in El Salvador.”The White House did not respond to a request for comment Saturday, though one of the president’s close allies, Richard Grenell, said earlier this month that the Venezuelans had agreed to accept the flights.Venezuela’s autocratic leader, Nicolás Maduro, suspended the deportation cooperation after the Trump administration revoked a Biden-era policy that allowed more oil to be produced in Venezuela and exported.Since the suspension of the flights, Mr. Maduro has come under intense pressure from the Trump administration, which has been pressing various Latin American nations to take in more deportees. Secretary of State Marco Rubio said on social media that Venezuela would face new “severe and escalating” sanctions if it refused to accept its repatriated citizens.Venezuelans have crossed the U.S.-Mexico border in record numbers in recent years, in response to the economic and social crisis consuming the nation, which Mr. Maduro blames on U.S. sanctions against his regime.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      ‘So Eager to Get Back’: Travelers Pour Into a Reopened Heathrow

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      Information boards showed that most flights would leave on time, but the lines at ticketing counters signaled that many travelers were in for more delays.Throngs of passengers anxious to get on their way surged into Heathrow Airport in London on Saturday, a day after a power blackout closed the airport and forced thousands to delay their trips.As information boards flickered back to life, an army of extra airport staff members, dressed in purple, sprang into action to help people as they walked through the terminal doors.Ganesh Suresh, a 25-year-old student who was trying to get home to Bangalore, India, was among those who secured a coveted seat on a Saturday flight. After his Air India flight was canceled, his parents booked new tickets on Virgin Atlantic, while he spent the night at a friend’s place in Birmingham, England.“I was so eager to get back,” Mr. Suresh said. He sheepishly admitted to yelling at his parents in frustration during the height of the shutdown chaos. “I might apologize to them when I get back.”Travelers, diverted or rebooked, arrived early, with trains and other transport routes to the airport reopened. A day earlier, the airport’s roads were empty except for police cars.A Heathrow representative said on Saturday that the airport was “open and fully operational,” adding that the extra flights on the day’s schedule could accommodate 10,000 extra passengers. At the airport, information boards showed that most flights would leave on time, but the snaking lines at ticketing counters signaled that many travelers were in for more frustrating delays.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Aviation Chaos Can Quickly Spiral, Despite Contingency Plans

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      Airlines, airports and air traffic controllers prepare for chaos. But that doesn’t make responding to it any less complicated.The global aviation system is deeply interconnected and responding to a disruption — especially one as severe as a power outage at a global airport hub — is a delicate balancing act. For airlines, moving even a small number of flights can have cascading effects.“They’re thinking not just in terms of a single day, but recovery,” said Dr. Michael McCormick, a professor of air traffic management at Embry‑Riddle Aeronautical University, who managed the federal airspace over New York during the Sept. 11 terrorist attacks. “They have to look at where passengers with bags, aircraft and aircrews need to be tomorrow, the next day, and the next day.”When crises occur, airline network operation centers go into overdrive. The centers are the nerve centers of carriers — typically large, quiet, secure rooms with power backups and protections against severe weather and disasters.At large airlines, operations centers are staffed around the clock with teams that monitor the weather, manage planes, communicate with air traffic control, schedule crews and much more.Small disruptions can be handled surgically — a sick pilot can be replaced or a broken plane swapped out for another. But bigger disruptions like the one at London’s Heathrow Airport can require scrapping and reworking intricate plans while taking into account a wide range of limitations.Planes differ in how many people they can carry and how far they can fly, so a small plane used for shorter domestic flights cannot easily be swapped in for a larger one used on longer flights. They also must be fueled adequately and their weight balanced appropriately, needs that must be adjusted if planes are rerouted.Regulations require that pilots and flight attendants are not overworked and are allowed to rest after certain number of hours on the clock. If a flight takes too long to depart, a crew can time out. When schedulers do reassign crews, they also have to take into account where those pilots and flight attendants are needed next, or they could risk more disruptions later.Airlines, of course, do not operate in isolation. As they change plans, they need to work with airport and air traffic control officials who may have limited resources to accommodate the changes. Airports are limited not just in how many flights they can receive, but also, in some cases, what types of planes they can safely accept. In the United States, for example, many air traffic control towers have long suffered from controller shortages. More

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      Trump’s Tariffs Could Deal a Blow to Boeing and the Aerospace Industry

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      Aerospace companies are big exporters but also very reliant on a global supply chain, making them vulnerable.Boeing is the kind of manufacturer — one that exports billions of dollars of goods — that President Trump says he wants to protect and nurture.But his tariffs could have the opposite effect on the company’s suppliers.Mr. Trump has imposed a few tariffs so far, but he says more are coming in just a few weeks. That threat has unnerved the aerospace industry, of which Boeing is one of the largest companies. Duties on aluminum and steel, two of the most important raw materials used in aircraft, are expected to raise manufacturing costs. But the industry is far more concerned by tariffs that take effect on goods from Canada and Mexico next month, which could disrupt the highly integrated North American supply chain.“These tariffs are particularly fraught for an industry like aerospace that has been duty-free for decades,” said Bruce Hirsch, a trade policy expert at Capitol Counsel, a lobbying firm in Washington, which has aerospace clients. “Parts are coming from everywhere.”Aerospace experts say the industry is an example of U.S. manufacturing prowess. It offers well-paying jobs and has produced one of the largest trade surpluses of any industry for years. Aerospace is expected to export about $125 billion this year, according to IBISWorld, second only to oil and gas.But the industry is operating under a cloud of uncertainty. Many companies have been able to avoid costly cross-border tariffs under a short-term reprieve for products covered by a North American trade agreement that Mr. Trump negotiated in his first term. But that deal expires in April.In a letter to administration officials last week, groups representing airlines, plane repair stations, suppliers and manufacturers asked for an exception to the tariffs, arguing that it was needed to keep the industry competitive on the global market.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More