Core Insights - The U.S. will permit air taxis to operate, which is expected to significantly benefit companies like Joby Aviation Inc. and Archer Aviation Inc. [1] Industry Developments - Transportation Secretary Sean Duffy expressed confidence that air taxis will become operational under the Trump administration, highlighting their advantages over helicopters in terms of safety, noise, and cost [2] - Duffy noted that the aviation industry has not seen major changes in the last 7-8 decades, but anticipates a significant transformation in air travel and delivery services, particularly with the rise of companies like DoorDash [2] Company Performance - Joby Aviation's stock increased by 7.72% to $15.76 at market close, though it dipped slightly to $15.67 in after-hours trading [4] - Archer Aviation's stock rose by 7.19% to $8.95 at market close, with a minor decline to $8.92 in after-hours trading [4] Company Initiatives - Archer Aviation announced plans for a new Miami Air Taxi Network, which will offer 10-20 minute flights across various regions in South Florida [5] - A report from Hunterbrook Media criticized Archer Aviation for not delivering a demonstration of its Midnight eVTOL at the Dubai Airshow [5]