Reuters
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Boeing Defense and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced on Wednesday.

A vote on Boeing’s five-year contract offer is scheduled for Friday, according to the International Association of Machinists and Aerospace Workers.

IAM District 837’s roughly 3,200 members, who assemble Boeing fighter jets, went on strike on August 4 after voting 67% to reject the company’s last contract proposal.

“We’ve found a path forward on a five-year contract offer that grows wages by 45% on average,” Boeing Defense Vice President Dan Gillian said in a statement. “It remains the best deal we’ve ever offered to IAM 837, and we encourage our team to vote yes so we can get back to work building amazing products for our customers.”

The deal includes a 24% general wage increase over five years and a $4,000 ratification bonus, among other terms.

The previous offer was for four years and included a 20% wage increase and a $5,000 bonus. The deal would have raised compensation by 40% on average, according to the company.

“They didn’t really offer more, they just extended it another year,” said IAM member Brandon Thiel, who works on the F-15 program.

Thiel said he did not know how he will vote, but “I have a strong inclination that it will not pass.”

His raises during his seven years at Boeing have been almost entirely offset by rising living costs, he said.

“We just want to be comfortable, to not stress out on a daily basis,” he said.

A seven-week strike by IAM District 751 members in Washington and Oregon ended with a contract that included a 38% wage increase and a $12,000 signing bonus.

Contract negotiations with a federal mediator ended Tuesday afternoon without any progress. Boeing and the IAM resumed discussion later that day, which continued into Wednesday and led to the latest proposal, he said.

If the contract is approved, workers would start returning Monday evening, and production would be back to normal in about a week, Gillian told reporters on Wednesday.

Non-union employees have kept production going during the strike, though output has slowed on some programs, he said last week.

On September 4, Boeing announced plans to hire replacement workers.

Boeing’s offer assures workers another year of raises, even for employees already at the top of the pay scale, Gillian said. “So, I feel good about the offer.”

FIFA responded to New York mayoral hopeful Zohran Mamdani’s campaign to get soccer’s global governing body to drop its plan for dynamic pricing for next year’s World Cup, jointly being hosted by the United States, Canada and Mexico. 

The Democrat socialist launched a petition Tuesday night that he called “Game Over Greed” and demanded FIFA not use the pricing model, cap resale ticket prices and put aside 15 percent of tickets at a discounted rate for local residents. 

In a statement provided to The Post on Wednesday, a FIFA spokesperson defended dynamic pricing as a “developing market practice” and said that it would be setting aside tickets for “specific fan categories” that will be at a “fixed price.” 

“The pricing model adopted generally reflects the existing and developing market practice in our co-hosts for major entertainment and sporting events on a daily basis, soccer included,” the spokesperson said. “We are focused on ensuring fair access to our game for existing but also prospective fans, and are offering group stage tickets starting at $60, a very competitive price point for a major global sporting event in the U.S.”

In a video posted to social media on Tuesday night, Mamdani expressed concerns that tickets to World Cup matches — in particular ones taking place at MetLife Stadium — would be resold at an exorbitant rate on an official FIFA-run secondary market ticket platform. 

And the mayoral frontrunner accused FIFA of using the World Cup as “opportunities for profit, as opposed to opportunities to extend this to the people who make this game so special” during a press conference at St. James Park in The Bronx on Wednesday. 

The 33-year-old state assemblyman representing Queens said the petition has already drawn thousands of signatures after it went live on his campaign website Tuesday night. 

Wednesday marked the start of the ticket pre-sale signup window for the 2026 World Cup, which will have eight matches, including the final, take place at MetLife Stadium next summer. 

FIFA confirmed earlier this month that it would be using dynamic pricing for the 2026 World Cup, with the cheapest ticket prices for the group stage starting at $60 and reaching up to $6,730 for the priciest ticket for the final, which MetLife Stadium is hosting. 

Soccer’s governing body is expected to rake in $3 billion from ticket sales from the 2026 World Cup, The Athletic reported. 

The spokesperson for FIFA insisted that the official resale platform allowed fans a “safe and secure method” to sell and buy tickets within the bounds of U.S. law. 

They also described it as “necessary to have a ticketing model that reflects our responsibility to provide access to fans, while at the same time ensuring as much value as possible is retained for redistribution into the game globally.”

“It is important to note, as a not-for-profit organization, the revenue FIFA generates from the World Cup is reinvested to fuel the growth of the game (men, women, youth) throughout FIFA’s 211 member associations globally,” the spokesperson continued. “As a matter of fact, FIFA expects to reinvest more than 90 percent of its budgeted investments for the cycle 2023-2026 back in the game to significantly boost global football development.

“Without FIFA’s financial support more than 50 percent of FIFA’s Member Associations could not operate.”

NEW YORK (AP) — The battle among billionaires for bragging rights as the world’s richest person got heated Wednesday with the surprising surge of an old contender: Larry Ellison.

In a stunning few minutes after markets opened, stock in Ellison’s Oracle Corp. rocketed more than a third, enough for him to temporarily wrest the title from its longtime holder Elon Musk and hand it to the software giant’s co-founder.

But the stock market is fickle, and Musk was back on top by the end of the day, at least according to Bloomberg, as Oracle gave up a bit of its earlier gains.

For those keeping score, the difference now is a billion, which isn’t much given the size of the figures: Musk’s $384.2 billion versus $383.2 billion for Ellison.

The dueling fortunes are so big each could fund the lifestyles of 5 million typical American families for a year, about the entire population of Florida, allowing them to all quit their jobs. Or they could just tell all of South Africa to take a vacation for year and produce nothing, based on its gross domestic product.

The brief switch in the ranking came after a blockbuster earnings report from Oracle powered by multibillion dollar orders from customers as the artificial-intelligence race heats up.

Musk became the world’s richest person for the first time four years ago. A big reason is his stake in a hot, but now cooling, electric car maker, Tesla.

Stock in the company has been moving in the opposite direction of Oracle’s, dropping 14% so far this year. Musk also controls several private companies, including rocket maker SpaceX, his artificial intelligence company xAI and the former Twitter, now called X.

Ellison owns about 40% of Oracle, which means its surging stock added $100 billion to his net worth in little over a half-hour after the stock market opened.

The night before after trading had closed the company announced in an earnings report that it had struck more than $300 billion worth of new deals, including contracts with the OpenAI, Meta, Nvidia and Musk’s xAI. It said that it now expects revenue from its cloud infrastructure business to jump 77% to $18 billion this fiscal year. then rise to $144 billion in four years after that.

Ellison said in an earnings call that Oracle would not just be making money from its computing centers that help build the next chatbots, but from the day-to-day running of those AI systems to run robots in factories, design drugs in laboratories, place bets in financial markets and automate legal and sales work at companies.

In other words, Ellison’s surge in wealth Wednesday morning reflected investor expectations that computers will take over many jobs now done by humans — and Oracle will benefit.

Or as the 81 year old said on the call, “AI Changes Everything.”

Musk is hoping the same for Tesla and his own net worth, but he’s been struggling to convince investors.

The company had been promising a big turnaround in electric car sales after they fell sharply earlier this year, but the bounce back hasn’t happened. Musk has been downplaying the bad numbers by trying to shift investors’ focus to Tesla’s other business of making robots and advances in the artificial intelligence behind its cars and robotaxis.

While he keeps talking up the Tesla future, though, the bad news keeps coming.

Tesla sales in the European Union plunged 40% earlier this summer, the seventh month in row of drops, as customers balked at buying his cars after he took to X to support extreme right-wing politicians there. The company has been losing market share in the U.S., too, as buyers angry with his embrace of Donald Trump have stayed away from Tesla showrooms.

Oracle stock closed Wednesday at $328.33, a 36% jump. Tesla was up less than 1% at $347.79.

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AP writers Matt O’Brien in Providence, R.I., and Michael Liedtke in San Francisco contributed to this story.