Monthly Archives: February 2026
On February 13, 2026, the U.S. Food and Drug Administration turned down the approval of Disc Medicine’s experimental treatment, sending the company’s stock tumbling 31.6% to $48.90. The drug, bitopertin, was being developed to help patients suffering from erythropoietic protoporphyria, a rare genetic metabolic disorder. Erythropoietic protoporphyria arises from a deficiency in the ferrochelatase enzyme, […]
Ukraine is optimistic that its new $8.2 billion IMF program will receive formal approval within a matter of weeks, according to the country’s debt chief. The agreement will replace an existing $15.6 billion facility and is designed to keep the economy stable and public spending on track amid a projected $140 billion budget shortfall over the next few […]
U.S. bank regulators are edging closer to putting forward a new set of Basel rules that will dictate how large banks measure their risk and allocate capital. Recent filings suggest the effort is gaining momentum. Last Thursday, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency submitted proposals to the […]
Goldman Sachs’ chief legal officer, Kathy Ruemmler, had built a reputation that spanned federal prosecutions, the Obama White House and a top role at one of the world’s biggest investment banks. But after a flood of emails and messages with disgraced financier Jeffrey Epstein surfaced, she announced her resignation at the age of 54. Ruemmler’s […]
Elon Musk’s financial team is reportedly working on a new financing strategy that could cut the hefty interest payments the billionaire has accumulated over the past few years. The plan comes after the merger of SpaceX and his AI venture, xAI, and is aimed at easing the nearly $18 billion debt stack that now hangs over […]
A Pennsylvania jury awarded $250,000 to the family of a woman who sued a major consumer goods company, alleging its talc‑based baby powder was responsible for her ovarian cancer. The decision was announced Friday in the Philadelphia Court of Common Pleas. The case centers on Gayle Emerson, a Pennsylvania resident who had used the company’s […]
Friday’s announcement from the White House hinted that the Trump administration might roll back some tariffs on goods that use steel and aluminum—from ovens to drink cans. While the administration said the decision is not yet final, the possibility signals the newest chapter in a series of tariff concessions that have unfolded over the past […]
Time is running out for cryptocurrency regulation in Washington. Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, urged lawmakers not to let the opportunity slip away, saying the window for passing the Clarity Act is rapidly closing as the political focus shifts toward the upcoming midterm elections. The crypto […]
President Trump is preparing to roll back some of the tariffs he imposed on metals, including steel and aluminum, as the administration battles an affordability crisis ahead of the midterm elections. The move comes after a rare rebuke of his tariff regime when members of his own party crossed lines to vote to scrap the […]
Big‑tech giants are steadily upping their budgets for artificial‑intelligence infrastructure, but Nvidia’s stock, one of the biggest beneficiaries of that cash flow, has stayed largely flat for months. Since the start of the fourth quarter, the shares have slipped more than 1% and have traded in a tight range despite reaching a record high in […]