Transportation

US EPA finalizing first-ever airplane emissions rules

The airplanes covered by the proposed rule accounted for 10% of all U.S. transportation greenhouse gas emissions and 3% of total U.S. emissions. They have been the largest source of transportation greenhouse gas emissions not subject to rules. The new rules do not apply to military airplanes and take effect when formally published in the coming days.

Uber sells flying taxi business to Joby Aviation

While the financial terms of the acquisition were not released, Uber will invest an additional $75 million in Joby, bringing its all-time total investment in the company to $125 million.