6/9/25

Air taxi companies Joby and Archer Aviation take off on Trump’s executive order

Air taxi companies Joby Aviation and Archer Aviation are each up about 10% on Monday following President Trump’s recent executive orders set to boost their businesses.

The orders, issued after the bell on Friday, work to promote the US drone industry and restrict drone flights near sensitive or high-profile locations like oil refineries, amusement parks, and sports stadiums. They also establish a program aimed at speeding up the adoption of air taxi tech, built by companies like Joby and Archer.

It’s been a big year for the electric vertical takeoff and landing (eVTOL) business. Joby recently announced a $250 million investment from Toyota, and Archer (already the “official air taxi provider” of the LA Olympics in 2028) announced an NYC partnership with United Airlines in April. Hyundai, Boeing, and Airbus are all also working on their own air taxi businesses.

Last week, Morgan Stanley estimated the air taxi and broader “low-altitude economy” could “eventually vastly exceed the size of today’s automotive market.” For now, the air taxis being built hold four passengers and a pilot.

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As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Netflix Headquarters

Bank branches are still closing at breakneck speed in the US

Institutions like Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

business

9/9/25

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

9/9/25

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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