Presented by NFIB — Boeing and the International Association of Machinists were set to meet Friday to negotiate but remained at odds on key issues{beacon} Business & Economy Business & Economy   The Big Story  Boeing strike costs pile up as pressure mounts The airplane maker has implemented a list of cost-saving measures in an effort to reserve cash since tens of thousands of its machinists went on strike earlier this month. © Getty Images Boeing and the International Association of Machinists (IAM) were set to meet Friday to negotiate but remained at odds on key issues including wage increases and pensions, putting additional strain on the company that has weathered intense scrutiny this year.   The strike will have cost the company, employees and suppliers a combined $1.4 billion through Sept. 27, according to an estimate by the consulting firm Anderson Economic Group.  The second week of the strike was more costly than the first, “as is typical for major industrial strikes,” Anderson noted.  After union members overwhelmingly voted to reject an initial contract proposal earlier this month, the IAM refused to vote this week on Boeing’s “best and final offer” that included a 30 percent pay hike and a $6,000 contract ratification bonus, double the initial offer.  The company had initially given the union until midnight on Friday to vote on the proposal, but quickly backed off that timeline after pushback from the union, which said Wednesday that the proposal “didn’t meet the needs of our members.”  The strike has garnered the attention and support of congressional Democrats. Sen. Maria Cantwell (D-Wash.), who chairs the Senate Commerce, Science and Transportation Committee, posted pictures with striking workers on X with the caption, “I stand with Machinists.”   Other lawmakers representing Washington state, which has major Boeing manufacturing facilities, have voiced support for a fair contract, including Reps. Pramila Jayapal (D), Rick Larsen (D) and Sen. Patty Murray (D).  The Hill's Taylor Giorno has more here.  Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.  Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:  Super Commuting is on the rise in the USDespite a substantial amount of evidence that proves hybrid work benefits both employees and employers, and employees who work in a hybrid capacity are just as productive as those who work in-office full time, it looks as though the halcyon days of hybrid work could soon be a thing of the past.  Full Story  Democrats press corporations on lobbying spending ahead of tax fightDemocrats want to know how much big companies are paying major lobbies to lean on lawmakers ahead of the tax code expirations that are set for next year.  Full Story  Harris backs minerals stockpile, permitting reform, climate-friendly tax credits Laying out her economic agenda this week, Vice President Harris backed increasing domestic minerals production and creating a minerals stockpile.   Full Story   The Ticker  Upcoming news themes and events we're watching:Federal Reserve Chair Jerome Powell discusses the economic outlook at the National Association for Business Economics Annual Meeting on Monday at 1:55 p.m. ET.  Tens of thousands of longshore workers are set to walk off the job early Tuesday in what could be one of the most disruptive strikes in American history.   In Other News  Branch out with more stories from the day:Civil society groups nudge and cajole world leaders from the sidelines of United Nations week NEW YORK (AP) — As the meeting of world leaders kicked off at the United Nations on Sunday, across … Full Story   Good to Know  Business and economic news we've flagged from other outlets:Dow jumps 100 points to close at a record, major averages extend rally to third week (CNBC)  Trump calls for prosecution of Google over search results he says favor Harris (CNBC)  How a massive port worker strike could scramble the 2024 race (Politico)   What Others are Reading  Top stories on The Hill right now: Harris narrowly beating Trump in 6 key battleground states: Polling Vice President Harris is narrowly leading former President Trump in six critical battleground states, while the candidates are tied in Georgia, according to new polling. Read more Israel seeks decisive blow with attack targeting Nasrallah Israel on Friday sought to deal a decisive blow to Hezbollah by targeting the Iranian-backed group’s long-time leader Hassan Nasrallah, underscoring its willingness to escalate warfare in the region to achieve its aims. Read more  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe