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Bloomberg Flying taxis, once the purview of science-fiction films such as The Fifth Element, might soon be a staple of urban transport, as better batteries and innovative designs make it cheaper, cleaner, and quieter to travel short distances by air. Citigroup thinks sales of air taxis could reach $5 billion a year by the end of the next decade. Two …

Bloomberg Amazon.com said it has acquired Health Navigator, a medical technology startup, in an effort to bolster its healthcare offerings for employees. The startup will be wrapped into a clinic for workers that launched last month at the company’s Seattle-based headquarters. Called Amazon Care, the programme offers virtual and in-person consultations, and delivery of prescriptions to employees’ offices and homes. …

Bloomberg Spirit Airlines Inc agreed to buy 100 Airbus SE A320neo family aircraft, handing the European planemaker a potential order in the $11 billion range during a weak year for sales. The memorandum of understanding would include a mix of all three of Airbus’s workhorse single-aisle models, from the A319neo to the A321neo, Spirit said in a statement. If the …

Bloomberg It’s not often that an airline decides to design its own airplane. On Sunday, United Airlines Holdings Inc will fly customers on a new regional jet crafted to its exact specifications, an aircraft that comes with 10 first- class seats. By putting premium perches on a small regional jet with a total of only 50 seats, United hopes to …

Bloomberg Billionaire UK entrepreneur Richard Branson said opponents of Brexit should hold out for a second referendum and not be seduced into backing Prime Minister Boris Johnson’s revised deal with the European Union. Concern about avoiding a no-deal split combined with a sense of fatigue surrounding the Brexit debate more than three years after the original vote to quit the …

Bloomberg Coty Inc, under pressure to turn its business around, is considering a sale of its professional hair and nail products unit that includes the brands Wella, Clairol and OPI. The shares surged the most in more than five months. The cosmetics company hired Credit Suisse to help it explore options for the professional business, which sells to salons and …

Bloomberg Procter & Gamble (P&G) Co climbed after raising the high end of its full-year sales forecast and posting organic sales growth across all its divisions. Organic sales, which exclude things like acquisitions and currency fluctuations, rose 7% in its fiscal first quarter, topping the average of analysts’ projections for 4.8% growth. Revenue in fiscal 2020 will increase 3% to …

Bloomberg Design flaws in Boeing Co.’s 737 Max, a failure to share vital information with pilots and airline maintenance stumbles contributed to last year’s crash of Lion Air Flight 610, which killed 189 people, investigators have concluded. In a nine-point presentation to victims’ families prior to the Friday release of a formal crash report, the Indonesian National Transportation Safety Committee …

Bloomberg Oil fell as Russia sounded a cautious note on whether Opec and its partners may cut production further, while industry data showed US crude inventories were expanding. Futures fell as much as 1.3% in New York, erasing some of Tuesday’s gains as Russia’s Energy Minister Alexander Novak said no countries in the Opec+ coalition had proposed changing the current …

Bloomberg Ghana will no longer have access to $190 million in grants from the Millennium Challenge Corp. after terminating a private consortium’s contract to operate the country’s electricity distribution network. Ghana annulled agreement reached under US agency’s aid program as it questioned legitimacy of payment guarantees supplied by Power Distribution Services Ltd. to secure assets of Electricity Co. of Ghana …