Why Archer Aviation Stock Is Skyrocketing Today

Archer Aviation (ACHR 19.38%) stock is posting big gains in Friday's trading. The company's share price was up 18% as of 1:50 p.m. ET.The stock is surging following a report that the Commerce Department on Thursday said it is considering implementing a ban on Chinese drones. The news highlights the possibility that Archer's competition could be limited and also spotlights the company's recent push into the defense industry.Archer's commercial business could benefit from new regulationsArcher Aviation is an ...