The Latest Breaking News from Benzinga

Blade Air Mobility Inc. (NASDAQ:BLDE) on Monday announced that it is offloading its passenger transportation business to Joby Aviation Inc. (NYSE:JOBY) in a deal valued up to $125 million, aiming to sharpen its focus exclusively on medical air transport and logistics.

UnitedHealth Group Inc. (NYSE:UNH) is enduring one of the most brutal drawdowns in its history—down 22% in a month, and 63% from its all-time highs.

Nvidia (NASDAQ:NVDA) is set to resume sales of its H20 chips in China following a policy shift by the Trump administration. Still, analysts warn that the company may not regain its previous market dominance due to growing domestic competition and regulatory hurdles.

Surging bullion prices are strengthening the miners’ finances and driving questions about capital deployments. As the leading financial institutions don’t expect the gold to lose its luster anytime soon, the latest commentary suggests potential mergers and acquisitions volatility if cash remains sitting on balance sheets.

Apparel heavyweights from Japan's Fast Retailing to Germany's Adidas warned they will likely raise U.S. prices as President Donald Trump moves ahead with steep new tariffs on key garment-making hubs, Vietnam, Cambodia and Bangladesh.

U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 500 points during the session.

Crypto markets are ticking higher on Monday, with Ethereum notably outperforming Bitcoin on its bounce from weekend lows.

Editor’s Note: This story has been revised to include new information.

Dr. Mehmet Oz, the Administrator of the Centers for Medicare and Medicaid Services (CMS), discussed the impending changes to the Medicaid system and the escalating drug costs.