Wall Street opens the week on a quiet note, with major indexes steady as investors await potential trade breakthroughs during high-level U.S.-China talks in London.
Shares of electric vertical take-off and landing (eVTOL) companies Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY) are rising Monday, extending gains from Friday following executive orders aimed at boosting electric air taxis and supersonic commercial aircraft.
The Trump administration intends to regulate drone usage amid safety concerns ahead of next year’s FIFA World Cup and the 2028 Los Angeles Summer Olympics.
As the regular session of the US market concludes on Friday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc., as regulatory delays threaten US market leadership in the emerging eVTOL industry.
Archer Aviation achieves a milestone with piloted Midnight flights, showcasing conventional takeoff and advancing its test program toward commercialization.
Midnight achieved speeds up to 125 miles per hour and reached a maximum altitude of over 1,500 feet above ground level during its initial flight, the company said.
Archer Aviation's stock shows resilience after a short-seller report, as investors shift to the upcoming milestones and flight demonstrations for validation.
