Is This the Future of Air Travel?
An all‑electric aircraft completed its maiden test flight over New York City on May 31, 2026, marking a milestone for zero‑emission aviation. The prototype, built by startup VoltAero, carried two pilots and a lightweight passenger mock‑up, reaching a cruise speed of 300 mph and a 200‑mile range on a single battery charge. The flight demonstrated vertical take‑off and landing capabilities from a rooftop helipad, showcasing potential for urban air mobility. Industry analysts see the test as a proof‑point that electric propulsion can meet commercial performance thresholds.
Joby Demonstrated Its Air Taxi in Manhattan, but You Can’t Fly in It Yet
Joby Aviation demonstrated a 10‑minute electric air‑taxi flight from JFK to Manhattan in April, showcasing a hybrid helicopter‑airplane design. The flight was part of a U.S. Department of Transportation program that selected eight projects across 26 states to accelerate electric...
China’s Rise in Drug Development Looms Over U.S.
At this year’s American Society of Clinical Oncology (ASCO) meeting in Chicago, a clinical trial conducted solely in China was featured as one of five headliners, underscoring China’s rapid ascent in biotech. Over the past few years, China’s biotech sector...
Oil Prices Fall as U.S. and Iran Edge Closer to Agreement
Oil prices dropped on Friday as the United States and Iran moved closer to a preliminary cease‑fire memorandum, easing war‑related supply concerns. Brent crude fell 1.7% to $91.12 a barrel and U.S. WTI slipped to $87.36, the lowest levels in...
ABC Accuses Trump Administration of Threatening Its Broadcast Licenses
ABC has filed a formal response to the Federal Communications Commission, accusing the agency of threatening its broadcast licenses in what it calls unconstitutional retaliation. The FCC ordered ABC to submit renewal applications years before the licenses are due, a...
Everlane Co-Founder, Shocked by Shein Acquisition, Wants a Redo
Everlane is being sold to fast‑fashion giant Shein, a move that shocked co‑founder Michael Preysman, who built the brand on radical transparency. The sale follows private‑equity firm L Catterton exiting its majority stake, raising concerns about brand integrity. Preysman, who left...
Iran War Lifts a Second Inflation Reading to Highest Level Since 2023
U.S. personal consumption expenditures (PCE) inflation jumped 3.8% year‑over‑year in April, the fastest rise since May 2023, while core inflation climbed to 3.3%, a multi‑year high. The surge is linked to supply disruptions from the Iran war, which has tightened global...
KFF’s Chief Executive to Retire
Founding president and CEO Drew Altman announced he will retire at the end of 2026 after more than three decades at the Kaiser Family Foundation, now KFF. Altman, 75, transformed the nonprofit into a leading neutral source of health‑policy research...
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
Three months after the Strait of Hormuz was sealed off, the resulting disruption is now evident across global markets. The chokepoint previously handled about 25% of seaborne crude oil and 20% of LNG, and its loss has triggered physical shortages,...
Spencer Pratt Wants to Be Mayor. His Fans Want Him to Be Batman.
Spencer Pratt, a reality‑TV star turned mayoral candidate, posted an AI‑generated video that casts Los Angeles as Gotham and incumbent mayor Karen Bass as the Joker. The fan‑made clip, created by filmmaker Charlie Curran, uses deep‑fake technology to depict Pratt as Batman...
Ferrari Unveils Luce, Its First Fully Electric Car
Ferrari unveiled Luce, its first fully electric car, priced around €550,000. The five‑seat, four‑motor, four‑wheel‑drive sedan can approach 200 mph and offers roughly 530 km of range. Shares dropped 6% as investors questioned demand, while the design was created with Jony Ive’s...
Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal
Oil prices jumped on Tuesday after the United States announced strikes on Iranian missile launch sites, casting doubt on a pending peace deal. The attacks followed Israel’s warning that it would intensify its campaign against Hezbollah in Lebanon. Tehran insists...
How Delta Steered Around Airline Industry Chaos
Delta Air Lines remains the most profitable U.S. carrier despite industry turmoil, posting nearly $14.7 billion in profit over the past five years—almost double the next‑closest airline. CEO Ed Bastian emphasizes agile, incremental decision‑making rather than sweeping overhauls, allowing the airline...
New Waterside Getaways for the Summer
The New York Times travel roundup spotlights six newly opened waterside retreats for the summer, ranging from a retro‑styled boutique hotel in Montauk to upscale properties in the Hamptons, Charleston, Portugal and Majorca. Hotel Corduroy in Montauk repurposes the historic...
‘Mandalorian and Grogu’ Tops Box Office as Disney Bets on ‘Star Wars’ Revival
Disney’s "Star Wars: The Mandalorian and Grogu" opened with a $102 million domestic haul, instantly reclaiming the No. 1 box‑office spot. The film marks the franchise’s first theatrical release in nearly seven years after a strategic pause that stalled related merchandise sales....