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Cleveland Clinic Abu Dhabi Unveils Plans for UAE's First Hospital-Based Vertiport, in Partnership With Archer Aviation
Businesswire· 2025-10-08 12:30
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)---- $ACHR #Archer--Cleveland Clinic Abu Dhabi, in partnership with Archer Aviation Inc. (NYSE: ACHR), today announced plans to establish the first hospital-based vertiport in the United Arab Emirates, providing direct eVTOL (electric vertical takeoff and landing) aircraft access to one of the region's most prominent hospital facilities. The goal is to enable passengers to travel from Cleveland Clinic Abu Dhabi to nearby locations in just minutes, dramatically ...
Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock
MarketBeat· 2025-05-28 17:54
Core Viewpoint - Joby Aviation's stock surged following a $250 million investment from Toyota, marking a significant boost in market confidence and strengthening their strategic partnership [1][3][12] Funding and Investment - The $250 million investment is the first part of a total $500 million commitment from Toyota, aimed at supporting Joby in completing FAA certification and preparing for large-scale production [3][4] - Toyota's investment has increased its ownership stake in Joby by 68.20%, making it the leading shareholder with a total of 122.57 million shares [6][7] Market Reaction - Following the announcement, Joby's shares jumped over 27% to around $8.78, with trading volume reaching approximately 67.41 million shares, significantly above the average of 12.31 million [2][9] - There was a notable increase in call options volume by about 638%, indicating bullish sentiment among traders regarding Joby's stock price [10] Analyst Expectations - Analysts are likely to reassess their financial models and issue updated price targets for Joby following this significant funding news, which could lead to upward adjustments in expectations [11]