Alex Osola

The Trump administration nears a deal to save Spirit Airlines.

Plus, how has President Trump's immigration crackdown affected the labor market?

We dig into the data.

And Tesla reports higher profit and sales in its latest quarter.

It's Wednesday, April 22nd.

I'm Alex Oseleff for The Wall Street Journal.

This is the p.m.

edition of What's News, the top headlines and business stories that move the world today.

Tesla reports this afternoon that profit grew 17 percent from a year earlier, while sales grew 16 percent to $22.4 billion.

In the auto division, deliveries were up more than 6 percent.

Tesla is trying to pivot its business away from vehicle sales to focus on autonomous vehicles and humanoid robots, neither of which are currently for sale.

For more on Tesla's earnings, go to WSJ.com.

Boeing's commercial jet production kept gaining steam in the first quarter, helping to reduce the company's quarterly loss.

Its loss came to $7 million compared to $31 million the year before and beat Wall Street's expectations.

The company still burned through about $1.5 billion in the quarter, a hangover from the production caps that regulators imposed two years ago to address issues with quality control.

Officials have relaxed some of those limits, and now more 737 MAX jets are rolling off the line.

On CNBC this morning, Boeing CEO Kelly Ortberg talked about the company's plan for stepping up production of the plane this summer.

Boeing stock closed up 5.5 percent.

And we're exclusively reporting that the Trump administration is nearing a rescue deal with Spirit Airlines.

The agreement could see the U.S.