Uber Elevate aims to launch urban air taxis with NASA and partners
Uber partners with government and aviation firms to develop eVTOLs for a public air taxi network. Plans include 2020 demonstrations in Dallas Los Angeles and Dubai with a 2023 commercial network. NASA Bell Embraer and Army Research Lab collaborate while skyport real estate deals with Hillwood and Sandstone advance.
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Goldman Sachs bullish case banks outperform market
Goldman Sachs analysts forecast bank stocks will rise faster than the broader U.S. market as recession fears ease. David Kostin cites a 5 percent recession chance in 12 months and under 20 percent over eight quarters, with consumer confidence at a 20 year high and robust corporate capex. Banks may gain from rising rates, higher dividends, buybacks, and fee income from M&A, with targets on Capital One, State Street, Bank of America, and Citizens Financial Group.
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Musk adds nearly ten million in Tesla stock to reach 20 percent stake
Elon Musk bought 33,180 Tesla shares for 294.79 to 302.74 each, boosting his stake to about 20 percent. The moves come as Tesla faces cash burn worries and a planned Model 3 ramp while Musk courts skeptics after sharp comments at a Q1 call and at the Met Gala.
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