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GE Drops After Warning of Supply-Chain Pressures Through Mid-Year

An employee assembles a jet engine at a GE plant in Lafayette, Indiana.

An employee assembles a jet engine at a GE plant in Lafayette, Indiana.

Photographer: Luke Sharrett/Bloomberg
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General Electric Co. fell the most in three weeks after warning that supply-chain snags, a labor shortage and material inflation will be a drag on its businesses at least until the middle of this year. 

“The magnitude of these challenges likely present pressure to overall growth, profit and FCF through the first quarter and the first half, beyond typically expected seasonality,” the company said Friday in an investor newsletter posted on its website.