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Former Pimco CEO Mohamed El-Erian says Federal Reserve Chair Jerome Powell’s leadership is under threat due to growing anxiety among investors and policymakers. El-Erian, a former Fed vice chairman, believes Powell should step down if the Fed’s reputation is to be saved. Source: https://www.barrons.com/articles/powell-resign-mohamed-el-erian-trump-b9c5c3c7
Biotech firm Replimune’s stock price plummeted 76% after the FDA rejected its request for accelerated approval of cancer treatment candidate RP1. The drug, designed to target melanoma, was based on a phase 1/2 trial showing a 32.9% objective response rate in patients who had previously failed other treatments. However, the FDA cited issues with the … Read more
Warner Bros.’ “Superman” held the No. 1 position at the U.K. and Ireland box office for a second weekend, adding £4.8 million ($6.5 million) to its total of £16.3 million ($22 million), according to Comscore. Universal’s “Jurassic World Rebirth” maintained its second-place position, grossing $4.4 million over its third weekend and pushing its cumulative total … Read more
The latest Pokémon game to be announced is Pokémon Friends, a small-scale puzzle game built for mobile devices and Nintendo Switch. Instead of a new mainline entry or Black and White remakes, the franchise’s latest release focuses on full-scale edutainment territory. While the game offers cute education tools with a hidden cost, it raises concerns … Read more
Investors are bracing for a long and uncertain summer as President Donald Trump’s administration continues to explore alternative ways to impose tariffs on US trading partners. Monica Guerra, head of U.S. policy at Morgan Stanley Wealth Management, says tariff rates are likely to remain elevated due to these new avenues. Guerra notes that the president … Read more
A recent CBS News poll reveals that a majority of Americans favor the United States’ return to the moon and eventual journey to Mars. Approximately two-thirds of respondents expressed support for these endeavors, while a third did not. Younger Americans are particularly enthusiastic about space exploration, possibly due to their desire to witness it firsthand … Read more
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Replimune Therapeutics Inc.’s stock price has plummeted by 75% after the US Food and Drug Administration (FDA) rejected its application for a treatment to prevent skin cancer. The company had submitted a biologics license application (BLA) for its product, RMT-305, aiming to treat patients with squamous cell carcinoma of the skin. The FDA’s decision leaves … Read more
The Trump Administration is facing criticism over its handling of Israeli military actions in Syria and Gaza. The White House has confirmed that President Donald Trump did not approve of the airstrikes on Damascus, despite reports of continued attacks after a U.S.-backed cease-fire was brokered. Israel launched new airstrikes on Syrian targets, killing at least … Read more