Transportation

• Plans to raise Vincent Thomas Bridge rejected - The Port of Los Angeles had hoped to raise the height of the Vincent Thomas Bridge to allow larger cargo ships to pass underneath.
• Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
• Trump's South Korea tariff cuts are major boost for Hyundai and GM - The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.
• Airbus shares fall on reports of new quality issue on dozens of A320 aircraft - Shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on Monday morning.
• Airbus A320 recall disrupts global travel after glitch linked to solar flares - The European Union Aviation Safety Agency said in a directive that a JetBlue flight on Oct. 30 experienced an "uncommanded and limited pitch down event."