Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking

(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br

American Airlines, Virgin Atlantic place bets on U.K. air taxi startup

Vertical Aerospace secured pledges for 1,000 electric aircraft and will also go public on the NYSE through a merger with SPAC Broadstone.

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  Airlines Plan to Plow Billions Into Flying Taxis

  Bloomberg
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  American Airlines Focuses On Cleaner Electric Air Mobility

  Benzinga

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