As the Iran war puts pressure on airlines, executives are fueling speculation about industry consolidation.

United Airlines CEO Scott Kirby suggested a possible merger with American Airlines to President Donald Trump earlier this year, according to Bloomberg. Meanwhile, Transportation Secretary Sean Duffy told CNBC last week he believes there is “room for some mergers in the aviation industry” and that Trump “loves to see big deals.”

Still, Henry Harteveldt, president of travel market research and advisory firm Atmosphere Research Group, tells Forbes that a United-American combination remains highly unlikely.

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In a bid to compete with SpaceX’s Starlink, Amazon took a giant leap with its $11.57 billion purchase of satellite company Globalstar.

Luxury goods giant LVMH’s plunging stock has tanked the fortune of its billionaire owner Bernard Arnault by nearly $50 billion this year.

Kevin Warsh will likely be the wealthiest Federal Reserve chairman ever if he’s confirmed, as he disclosed assets worth more than $100 million on Tuesday. Warsh reported investments and holdings worth between $131 million and $209 million—separate from those of........

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