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Stock impact report

Cathie Wood Bets On Joby As Sean Duffy's Advanced Air Mobility Push Targets Air Taxis, Medical Transport [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
Investor Cathie Wood -led ARK Invest has bought additional shares of Joby Aviation Inc. , as the company announced it was partnering with the Federal Aviation Administration (FAA) amid the Department of Transportation 's (DOT) eVTOL push. Urban Air Taxis On Monday, Transportation Secretary Sean Duffy announced that the DOT was undertaking eight new projects as a part of the Advanced Air Mobility pilot program, sharing that the program will "RADICALLY CHANGE the way people and products move." Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue Duffy also said that the companies in this program will see various applications of eVTOL aircraft, including "urban air taxis, regional travel, cargo logistics, and emergency medicine." "This will create one of the WORLD's largest testing environments for next-generation aircraft i Show less Read more
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