New Yorkers will soon be able to hail one of the city's iconic yellow cabs via the app following the company's announcement Thursday that it will be partnering with the NYC Taxi and Limousine commission - news that led to a more than four percent spike in Uber's stock price. The ridesharing company said it decided to team up with its one-time rival in an attempt to help ease pandemic-era driver shortages. As part of the deal the two taxi-hailing apps currently used by taxis will integrate their software with Uber's, allowing anyone using the Uber app to book a yellow cab.
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