The U.S. Senate on Wednesday confirmed Bryan Bedford to lead the Federal Aviation Administration, putting him in charge of the federal agency at a precarious time for the airline industry after recent accidents, including the January collision near Washington, D.C. that killed 67 people.

Bedford was confirmed on a near party-line vote, 53-43.

Republicans and industry leaders lauded President Donald Trump’s choice of Bedford, citing his experience as CEO of regional airline Republic Airways since 1999. Sen. Ted Cruz, the chairman of the Senate Commerce Committee, called Bedford a “steady leader with executive experience.”

The air traffic controllers union noted his commitment to modernize the outdated system.

Airlines for America, a trade association for major airlines, called Bedford a “superb choice.” And United Airlines CEO Scott Kirby said, having worked with Bedford, he had “total confidence in his ability to lead the FAA.”

Stocks move higher

Stocks closed higher on Wall Street Wednesday as the Trump administration sought to win more deals with global trading partners. The S&P 500 rose 0.6%, the Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 0.9%.

Nvidia became the first public company to top $4 trillion in value. Merck rose after announcing it would buy Verona Pharma, a U.K. company that focuses on respiratory diseases. Copper prices eased after spiking a day earlier as President Donald Trump said he would impose 50% tariffs on imports of the metal.

“I think most people are tired of tariff news and they’re starting to realize it just doesn’t matter much,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “We’re pretty bullish about earnings. I think the rest of the market is too.”