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Joby Considers Air Taxi Deal Worth Up to $1 Billion

Joby Aviation is working toward an agreement to sell as many as 200 of its air taxis to a major Saudi Arabian investor in a deal potentially worth as much as $1 billion.

June 3, 2025

Manufacturing Activity Shrank in May for Third Straight Month

U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.

June 3, 2025

Uber Promotes Company Veteran to Chief Operating Officer

Uber Technologies named longtime executive Andrew Macdonald its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company’s top delivery leader.

June 2, 2025

Canada Premiers Pitch Carney on Pipelines, Ports and Mines

Canada’s provincial leaders urged Prime Minister Mark Carney to back new oil pipelines, electricity grids, critical mineral mines, ports and railways at a meeting June 2 meant to identify “nation-building” projects to be fast-tracked.

June 2, 2025

Group That Won Trade Ruling Wants Tariffs Halted During Appeal

A group of small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal.

June 2, 2025

Trump Seeks Xi Call as Rare Earth Clash Escalates

After the U.S. and China agreed to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.

June 2, 2025

Update: Oregon, Vermont Halt Zero-Emission Truck Mandates

Industry groups are urging more states to reconsider aggressive EV truck mandates, pointing to Oregon and Vermont’s recent moves as models.Ěý

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June 2, 2025

US-China Trade Tensions Flare Again as Talks Stall

The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president’s claim that Beijing breached the consensus reached in Geneva in May.

June 2, 2025

Trump to Roll Back Biden-Era Alaska Oil Drilling Limits

The measure would open new opportunities for oil and gas development in the mammoth National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state.

June 2, 2025