Joby Aviation is advancing toward FAA certification of its electric eVTOL aircraft while acquiring Blade Air Mobility’s passenger business.

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Stocks shook off last Friday’s sell-off with a positive week, but it wasn’t all smooth sailing. Tariff concerns weighed on stocks on Thursday and will continue to be a source of long-term uncertainty.

According to the terms of the deal, Joby will pay Blade in up to $125 million in a combination of cash or stock, according to ...