Joby Aviation sinks after a downgrade from Cantor Fitzgerald

Shares of air taxi maker Joby Aviation fell more than 6% in early trading Thursday following a downgrade to neutral by Cantor Fitzgerald.

According to Cantor, Joby has the highest cash burn rate in the industry. In its most recent quarter, Joby posted a $163 million loss from operations, compared to the $144 million loss from rival Archer Aviation.

Joby, which hopes to one day shuttle passengers Uber-style in electric vertical takeoff and landing aircraft, has seen its shares climb about 35% since it received a $250 million investment from Toyota late last month. Joby and Archer had risen on Monday following an executive order that aims to speed up the adoption of air taxis.

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

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“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

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Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

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America’s fastest-growing grocery chain, Aldi, wants to open 180 new stores this year

The German grocer is doubling down on its American ambitions, aiming for 3,200 stores by 2028.

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