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AVO News11 articles
Grab Stock Rises as Market Digests Indonesia Commission Cap Impact
Grab shares climbed 3.1% as the market downplayed the impact of Indonesia's new 8% commission cap on motorcycle ride-hailing, with a Morgan Stanley price target hike adding momentum.
Grab Shares Rise Ahead of Indonesia Commission Cut; Buyback Supports
Grab shares gained 3.8% Monday as investors assess the July 1 Indonesia driver commission cut from 20% to 8%. The $500 million buyback plan provides support.
NASA's $30M Swift Rescue Mission Could Pave Way for Satellite Servicing
NASA's $30 million contract with Katalyst Space aims to boost the Swift satellite, testing a scalable rescue model that could save billions in replacement costs.
Grab, GoTo Cut Indonesia Bike-Hailing Commissions to 8% After New Cap
Grab and GoTo slash Indonesia motorcycle ride-hailing commissions to 8% from 20% starting July 1, following a new government cap. Grab shares edged lower in pre-market trading.
Soy Allergen Omission Triggers Power Plate Meals Frozen Meatloaf Recall
Power Plate Meals LLC recalls 5,795 pounds of frozen meatloaf with garlic mashed potatoes for undeclared soy. Products shipped to MN, ND, SD; no adverse reactions reported.
NYSEG Completes New York Transmission Line Early, Saving $2M for Ratepayers
Avangrid's NYSEG finished a 12.8-mile transmission upgrade in western New York three months early and $2 million under budget, providing a cost-control win as regulators review rates.
Intuitive Machines Surges 20% Ahead of Lunar Mission and Earnings
Intuitive Machines shares surged 20.2% to $28.97, reversing a prior drop, ahead of its Q1 earnings report and a key lunar mission test.
Oil Slides as Trump Pauses Hormuz Mission, Iran Deal Hopes Rise
President Trump paused the U.S. naval escort mission in the Strait of Hormuz as reports emerged of a possible Iran deal, sending oil prices tumbling and global stocks surging.
Clene Soars on FDA Nod for Accelerated ALS Drug Submission
Clene shares jumped after FDA feedback suggested its ALS drug data could support an accelerated approval filing. The company plans to submit in Q3 2026.
Indonesia Caps Ride-Hailing Commissions at 8%, Pressuring Grab Ahead of Earnings
Indonesia slashed the maximum commission for ride-hailing platforms to 8%, pressuring Grab (GRAB) and GoTo's Gojek ahead of Grab's Q1 earnings. Grab shares fell 3.9%.
Tesla's EU Emissions Pool Loses Key Carmakers for 2026
Stellantis, Toyota, and Subaru have not joined Tesla's 2026 EU carbon-credit pool, filings show, a shift from 2025. Tesla's regulatory credit revenue declined 28% to $1.99 billion last year.