Blade Air Mobility and Joby Aviation: *The Deal: Blade Air Mobility is selling its helicopter passenger rideshare business to Joby Aviation for $125 million. This deal is causing Blade's stock to surge up to 30% and Joby's stock to rise over 5%. *What's included in the deal: Joby Aviation is acquiring Blade's helicopter rideshare service, which offers transportation from various New York City landing spots to nearby areas like the Hamptons or airports such as Newark Liberty International. *What's not included: Blade's medical transport business will be spun out into a new public company called Strata Critical Medical, and Joby won't be taking that over. *Some stats about Blade: - *Passengers transported: Over 50,000 passengers in 2024 - *Terminals: 12 different terminals operating from Blade Air Mobility operates in two main segments²: - *Passenger: Offers helicopter and seaplane flights in the US and Europe - *Medical: Transports human organs for transplant...
The US President, Donald Trump, announced that the United States will impose a 25% tariff on goods imported from India starting August 1. Additionally, India will face an unspecified penalty, but the details are not clear yet.
*Full Forms:*
- *US*: United States
- U.S. President: United States President
"While India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump wrote in a Truth Social post.
"They have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China."
ok sound it will disrupt supply chains for short term.
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