Wall Street Breakfast Podcast: DOT Grounds Delta-Aeromexico Venture

Group 1: Delta Air Lines and Aeromexico Joint Venture - Delta Air Lines and Aeromexico are required to terminate their joint venture by January 1, 2026, due to anticompetitive concerns in the U.S.–Mexico City air travel market [2][3] - The Department of Transportation's final order cites that the joint venture has provided both airlines with an unfair advantage over competitors, which Delta claims will harm U.S. jobs and consumers [3][4] - The partnership, established nearly a decade ago, allowed the airlines to coordinate schedules and pricing strategies under antitrust immunity [3][4] Group 2: Federal Reserve Board Appointment - Stephen Miran has been confirmed as a Federal Reserve governor, filling a seat previously held by Adriana Kugler [5][6] - His confirmation was narrowly approved by a Senate vote of 48-47, raising concerns about potential political interference in the Fed [6][7] - Miran's appointment comes as the Fed is expected to cut interest rates by 25 basis points during its upcoming policy meeting [5][6] Group 3: Disney and Webtoon Partnership - Disney is partnering with Webtoon Entertainment to create a digital platform for its comics, acquiring a 2% equity stake in Webtoon [9][10] - The new platform will feature over 35,000 Disney comics, including titles from Marvel and Star Wars, and will be available to Disney+ subscribers [10][11] - Webtoon will operate the service, which will include both vertical and traditional comic formats [11][12]