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All New York City taxis will soon be listed on the Uber app, as a ride-hailing alternative for customers.

The company plans to make sure passengers are charged approximately the same rates for taxi bookings as they are for rides through the UberX ride-hailing option. The company's goal is to make taxi bookings and UberX ride-hailing options cost around the same to their customers.

Uber shares advanced 5% on Thursday, while Medallion Financial ($MFIN), which finances taxi medallions for drivers in New York and elsewhere, is up 2% in premarket trade.(More)

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