US Left Out of World’s Biggest Trade Deal
China and 14 Asian Pacific countries have signed the Regional Comprehensive Economic Partnership, leaving the US out of the world's largest trade deal. The RCEP deal is putting pressure on Europe and the incoming Biden administration to act and is heralded as a blow to US geopolitical power. Meanwhile, stocks are falling from their surge at positive COVID-19 vaccine trial data. This comes as uncertainty regarding a potential stimulus remains high. Meanwhile, the FAA is ungrounding the troubled Boeing 737 MAX jet after nearly two years. But some airlines say it will still be months before we’ll see it scheduled for regular flights.