Transcript
Ryan Reynolds (0:00)
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Charlotte Gartenberg (0:17)
Switch upfront payment of $45 for 3 month plan equivalent to $15 per month Required intro rate first 3 months only, then full price plan options available, taxes and fees extra. See full terms@mintmobile.com welcome to Tech News Briefing. It's Wednesday, February 26th. I'm Charlotte Gartenberg for the Wall Street Journal. Does Flying Green Matter in the Trump Era? The President's endorsement of EVTOLs or electric vertical takeoff and landing vehicles is giving a boost to one green aviation industry. But beyond the top air taxi players, zero emission aircraft development is falling by the wayside. We'll hear about what green vehicles are going up and which might be coming down then. It can be hard for teens to open up, particularly if there aren't enough counselors in school districts. WSJ family and Tech columnist Julie Jargan explains why some schools are turning to a human AI chatbot for students in need of mental health support. But first, President Trump and Transportation Secretary Sean Duffy have said that the U.S. must win the EVTOL race with China. Their statements have helped a couple air taxi stocks rally, but a wider view of green aviation looks less bright. Here to tell us about it is our Herd on the street columnist John Cindreou. John, let's start by talking about those in green aviation that are seeing some blue skies. Who are the major players there right now and and how's it going for them?
John Cindreou (1:51)
There's many types of zero emission aircraft that companies, startups and even bigger aerospace firms are trying to develop. The one that caught a lot of attention back in 2020, 2021 with the blank check spac boom that Wall street was going through and all that whole meme stock craziness were the air taxis. It's this idea that you'll hop onto this kind of electric mini helicopter that will take you to your restaurant or stuff like that. There is a case that some of these vehicles could replace helicopters and they would be green. The two big companies in the US that actually managed to list through these vehicles and are still going strong today are Jovi Aviation and Archer Aviation. These companies, even though as we will discuss now, there's been Many failures of green aviation startups recently. They're still bringing in investor money, and they're still inching closer, theoretically, to certifying their aircraft with the faa, which is not an easy thing to do. The fact that the administration seems friendly to them has made these stocks skyrocket recently. Since the election, they've gone up a lot. One must remember that they came down a lot from their 2021 peaks, but they've recovered significantly. The fact that the Trump administration has come with a wind of change when it comes to everything related to esg, green investing, all this kind of stuff is out of favor. Ultimately, it's probably worse for them than any sort of favorable inclination of the administration or any promise to make it an easy regulatory environment for them.
