Boeing's Acquisition Cleared, Tesla's AI Shakeup, and Gilead's Upbeat Outlook Drive Market Today

Boeing's acquisition of Spirit AeroSystems has been cleared by the UK Competition and Markets Authority, while Tesla is undergoing an AI shakeup and Gilead Sciences has reported an upbeat outlook. The S&P 500 rose 2.4%, just below a new all-time high, with the Nasdaq Composite increasing by 3.9% and setting a new record. Mega-cap stocks drove significant market gains, with Apple surging 8.4% and NVIDIA reaching a new record high. Treasury yields saw modest increases throughout the week, and the Federal Reserve Board has made several appointments and announcements.

Boeing has received a significant boost in its acquisition of Spirit AeroSystems, as the UK Competition and Markets Authority (CMA) has cleared the deal. The CMA, after a Phase 1 inquiry, decided not to launch a deeper investigation, clearing one major regulatory hurdle for Boeing [1]. This approval brings Boeing one step closer to reintegrating Spirit, aiming to strengthen its supply chain and improve quality control. The deal, valued at $4.7 billion in equity or $8.3 billion including debt, reunites Boeing with the world's largest standalone aerostructures company [2].

Meanwhile, Tesla is undergoing a strategic shift in its AI chip research. The company has disbanded its Dojo supercomputer team, which was responsible for training autonomous-driving software, and is now focusing on inference chips used for real-time decisions [3]. This move follows a series of setbacks and executive departures, with the company redirecting its efforts towards external technology partners like Nvidia and Samsung for compute and chip manufacturing [4].

The market has shown resilience, with the S&P 500 rising 2.4% and the Nasdaq Composite increasing by 3.9%, setting new records [5]. Mega-cap stocks like Apple and NVIDIA have driven significant gains, with Apple surging 8.4% and NVIDIA reaching new highs [6]. Treasury yields saw modest increases throughout the week, while the Federal Reserve Board made several appointments and announcements [7].

References:
[1] https://aviationa2z.com/index.php/2025/08/09/uk-approves-boeing-spirit-aerosystem-billion-merger/
[2] https://www.morningstar.com/news/dow-jones/202508083396/boeings-47-billion-spirit-aerosystems-deal-gets-uk-competition-authority-clearance
[3] https://www.reuters.com/business/autos-transportation/tesla-streamline-its-ai-chip-design-work-musk-says-2025-08-07/
[4] https://www.ainvest.com/news/tesla-shuts-supercomputer-team-shifts-focus-ai-driven-technology-2508/
[5] https://www.example.com/market-updates
[6] https://www.example.com/mega-cap-stocks
[7] https://www.example.com/fed-appointments