ACHR News & Events

H.C. Wainwright notes that the U.S. Department of Transportation and the Federal Aviation Administration announced eight selections for the eVTOL Integration Pilot Program, or eIPP, calling the commencement of the federal initiative designed to accelerate the emerging advanced air mobility industry "a significant de-risking milestone for" market participants such as Joby (JOBY) and Archer Aviation (ACHR). The FAA's selection of only a few OEMs - including Joby, Archer, Beta Technologies (BETA), and five others - is indicative of a limited competitive field, while the 100% bonus depreciation could be supportive to fleet operators and airline partners such as United (UAL) and Delta (DAL) to take delivery of aircraft sooner, the analyst tells investors.

Electrically powered air taxis will start taking to the skies in some states and cities across the U.S., including in New York, after the government approved several pilot projects under a program meant to accelerate their integration into the U.S. airspace, Bloomberg's Allyson Versprille reports. The U.S. Transportation Department said Monday that it selected eight proposals under the so-called advanced air mobility and electric vertical takeoff and landing integration pilot program. The selected projects will span more than a dozen states, the department said in a statement shared with Bloomberg. They include a partnership between the Port Authority of New York and New Jersey and companies Joby Aviation (JOBY), Archer Aviation (AVHR), BETA Technologies, and Electra.aero.

Stock futures are sharply lower this morning. The catalyst remains fresh military strikes and widening hostilities in the Middle East, triggering concerns about prolonged conflict and its potential to disrupt global energy markets.The standout macro driver this morning is the ongoing surge in oil prices, with crude climbing roughly 8% and Brent and West Texas Intermediate near multi-month highs as traders price in heightened supply risks near critical chokepoints like the Strait of Hormuz. Higher energy costs are feeding inflation worries and fueling broader risk aversion across equities.The U.S. dollar and Treasury yields are climbing, reflecting a shift toward defensive positioning, while gold remains elevated as investors seek refuge amid geopolitical risk.In pre-market trading, S&P 500 futures fell 1.71%, Nasdaq futures fell 2.1% and Dow futures fell 1.7%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Pinterestup 7% after announcing Elliot's $1B investment in the company and a new $3.5B share repurchase programUP AFTER EARNINGS -Best Buyup 9%Targetup 3%Plug Powerup 13%Ousterup 10%DOWN AFTER EARNINGS -MongoDBdown 27%Surgery Partnersdown 21%Sea Limiteddown 15%On Holdingdown 13%AutoZonedown 4%Archer Aviationdown 4%