JetBlue Airways Corp. announced plans to launch a hostile takeover attempt for Spirit Airlines Inc.
Spirit previously rejected a $3.6 billion offer from JetBlue.
The company has sought to move forward with an existing deal from Frontier Airlines.
Read more from The Wall Street Journal.
The Bureau of Labor Statistics reported in May the all-items inflation index surged 8.6% over the past year, the highest increase since 1981.