Today in 5 minutes or less:

1. Lilium announces firm order of 20 Lilium Jets from U.S. operator UrbanLink. ($LILM)

2. Uber Eats and Instacart join forces, offering convenient restaurant delivery to Instacart customers nationwide. ($UBER)

3. A recent study highlights Roblox's positive impact for brands and its immersive advertising strategies. ($RBLX)

4. Graph of the day: Lyft's gross bookings surged to $3.72 billion in the last quarter. ($LYFT)

5. Video of the day: Apple introduces the all-new iPad Pro. ($APPL)

1. Lilium announces firm order of 20 Lilium Jets from U.S. operator UrbanLink. ($LILM)

UrbanLink's partnership with Lilium N.V. marks a significant step in advancing regional air mobility.

• UrbanLink purchases 20 Lilium Jets, propelling eVTOL adoption in the U.S.

• Lilium's partnership accelerates AAM in South Florida, leveraging a network of vertiports.

• Lilium Jets to connect major cities, enhancing regional connectivity with a planned 2026 launch.

• Ed Wegel, with $1 billion raised, spearheads UrbanLink, backed by extensive industry experience.

Source: LILIUM

2. Uber Eats and Instacart join forces, offering convenient restaurant delivery to Instacart customers nationwide. ($UBER)

The collaboration between Uber Eats and Instacart revolutionizes food delivery, offering convenience and variety to customers.

• Instacart introduces Uber Eats restaurant delivery through its app for nationwide access.

• Instacart+ members receive $0 delivery on grocery and restaurant orders over $35.

• The partnership aims to enhance user experience with a dedicated "Restaurants" tab.

• Uber Eats expansion through Instacart broadens restaurant partners' reach and supports brick-and-mortar businesses.

Source: UBER 

3. A recent study highlights Roblox's positive impact for brands and its immersive advertising strategies. ($RBLX)

• 75% of Roblox users more likely to notice brands advertising on Roblox.

• Roblox video ads generate significant increases in key brand metrics.

• Users show increased engagement with brands after exposure to Roblox video ads.

Source: Roblox.

4. Graph of the day: Lyft's gross bookings surged to $3.72 billion in the last quarter. ($LYFT)

• In the latest quarter, Lyft's gross bookings surged to $3.72 billion, marking a robust 21% year-over-year growth from $3.05 billion.

• Revenue also soared to $1.277 billion, a significant 28% increase from $1.001 billion in the same period last year.

• Additionally, first-quarter rides climbed by 23% year-over-year to 188 million, indicating a rebound in transportation demand amid economic recovery.

• Moreover, the platform's active riders grew by 12% to reach 21.9 million in Q1'24, signaling sustained user engagement and market expansion.

Source: Lyft.

5. Video of the day: Apple introduces the all-new iPad Pro. ($APPL)

The all-new iPad Pro features a cutting-edge Ultra Retina XDR display, the first-ever M4 chip, and AI capabilities. It's compatible with the Apple Pencil Pro and redesigned Magic Keyboard, delivering game-changing power in an incredibly thin design.

Short updates on your favorite stocks/markets

• How retailers like Best Buy, T.J. Maxx and Home Depot quietly target ‘problem’ returners. CNBC ($BBY) ($HD)

• Japan's SoftBank Group trims investment losses but remains in red for fiscal year. YF ($SFTBY)

• The iconic Porsche 911 is going hybrid. CNN ($POAHF)

• European companies in China are under pressure from slower growth, overcapacity. CNBC

• US revokes some export licenses for selling semiconductors to China’s Huawei. CNN 

• Global chips battle intensifies with $81 billion subsidy surge. YF 

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