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NASDAQ:HOVR 15 October 2025

HOVR Stock Rockets as Horizon Aircraft Lands Pratt & Whitney Engine Partnership

HOVR Stock Rockets as Horizon Aircraft Lands Pratt & Whitney Engine Partnership

New Horizon Aircraft (NASDAQ: HOVR) closed at $3.91 on Oct 14, 2025, up 6.5% and near its 52-week high after announcing a deal to use Pratt & Whitney Canada’s PT6A engine for its Cavorite X7 hybrid eVTOL. Shares have surged about 28% since early October and now value the company at $150–160 million. Horizon reported no revenue in Q1 FY2026 but cited strong liquidity and technical milestones.

Stock Market Today

  • Stocks Rally as Nasdaq 100 Hits Record High on Strong Tech Earnings
    April 30, 2026, 1:29 PM EDT. Stocks rose with the Nasdaq 100 reaching a new record high, driven by Alphabet's stronger-than-expected Q1 revenue and Qualcomm's impressive Q2 results, up 6% and 16% respectively. The S&P 500 and Dow also gained, supported by lower crude oil prices that eased inflation concerns and pushed 10-year Treasury yields down. Despite mixed US economic data including a slower GDP growth of 2.0% versus expectations of 2.3%, and mixed signals from manufacturing and leading indicators, the labor market remained strong with initial jobless claims at a 57-year low. Meanwhile, Meta and Microsoft pulled back due to cautious forecasts and growth concerns. Falling oil prices reflect worries about economic growth impacting energy demand.

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Cigna Group will exit the Affordable Care Act individual insurance market after 2026, affecting about 369,000 members in 11 states who must find new coverage for 2027. The announcement came as Cigna reported first-quarter revenue of $68.5 billion and raised its 2026 earnings outlook. CVS Health’s Aetna previously withdrew from the ACA market for 2026, impacting about 1 million enrollees.
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