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  • Are Ultra-Processed Foods Really Bad For You? June 05, 2026 13:59 ET

    A group of nutrition, metabolism, and eating behavior experts from across Europe has questioned the common belief that all ultra-processed foods (UPFs) are harmful to health. In a Perspective article published in the journal Science, researchers reviewed five clinical trials conducted in the US, UK,...

  • Weekly Buzz: PHG, KMDA Win FDA Nod; FULC Halts Pociredir; RMD Closes Noctrix Deal; NVS Paces In IgAN June 05, 2026 10:26 ET

    This week, the biotech sector saw a wave of regulatory approvals in the U.S., alongside study halts, strategic collaborations, acquisitions, deal closures, and encouraging data readouts. Positive clinical study data readouts spanned multiple therapeutic areas, including Breast Cancer, Tumour-related...

  • Wall Street Might Open Broadly Lower June 05, 2026 08:18 ET

    Uncertainty continue to linger over U.S.-Iran peace negotiations and the stakeholders are not hopeful of settling the Middle East conflict immediately. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly down on Friday. In the Asian trade session, the dollar held steady....

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  • Lamb Weston Plans To Shut Netherlands Production Facility June 04, 2026 08:37 ET

    Lamb Weston Holdings, Inc. (LW), a supplier of frozen potato products, on Thursday said it plans to close its production facility in Broekhuizenvorst, the Netherlands. The company said the move is part of its broader executional excellence efforts and ongoing implementation of its Focus to Win strategy,...

  • Alnylam, Inceptive Ink AI Drug Development Deal Worth Up To $2 Bln June 04, 2026 01:54 ET

    Alnylam Pharmaceuticals, Inc. (ALNY) announced partnership with Inceptive Nucleics, Inc., an artificial intelligence-driven biotechnology company, in a deal valued at up to approximately $2 billion. The partnership combines Alnylam's expertise in RNA interference (RNAi) therapeutics with Inceptive's...

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  • Eurozone Economy Shrinks For First Time Since 2022 June 05, 2026 08:17 ET

    The euro area economy contracted for the first time in more than three years in the first quarter, in contrast to the earlier estimates, dragged down by the massive slump in Ireland, official data revealed Friday. Gross domestic product shrank 0.2 percent on a quarterly basis, offsetting the 0.2 percent growth seen in the fourth quarter, latest data from the statistical office Eurostat showed.

  • India Maintains Key Interest Rates; Unveils Measures To Boost Dollar Inflows June 05, 2026 07:05 ET

    The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The Monetary Policy Committee unanimously decided to hold interest rates.

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  • Kyrgyzstan Elected As Non-permanent Member Of Security Council For First Time June 04, 2026 08:25 ET

    A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin

  • Bangla Foreign Minister Khalilur Rahman Elected As UN General Assembly President June 03, 2026 13:09 ET

    Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur

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  • European Stocks Close Weak As Middle East Tensions, Rate Concerns Weigh June 05, 2026 13:25 ET

    European stocks closed weak on Friday as the mood remained largely cautious amid an escalation in tensions in the Middle East and news about Hezbollah rejecting the ceasefire agreement with Israel and launching fresh strikes across southern Lebanon.

  • Asian Shares Decline As AI Rally Pauses June 05, 2026 04:42 ET

    Asian stocks fell broadly on Friday, with South Korea and Japan leading losses due to heavy selling in major technology stocks. An AI-driven rally that boosted stocks earlier this week fizzled out after chip giant Broadcom's AI revenue projection fell short of expectations. Lingering uncertainty over...

BioCardia Shares Surge 48% After FDA Feedback Supports Potential CardiAMP Approval Pathway

June 05, 2026 12:00 ET rttnewslogo20mar2024 lt

BioCardia, Inc. (BCDA) shares soared 48.13 percent, gaining $0.4423 to $1.3613 on Friday after the company announced that it received meeting minutes from the U.S. Food and Drug Administration confirming that its ongoing CardiAMP Heart Failure II Trial may support a Premarket Approval.

Crude Oil Tumbles As Optimism On An End To Gulf War Sustains

June 05, 2026 14:40 ET rttnewslogo20mar2024 lt

Crude oil prices have slumped on Friday, extending the losses from yesterday's session as confidence on reopening of the Strait of Hormuz in the coming days persists following announcements of an Israel-Lebanon ceasefire and progress in U.S.-Iran talks.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Crypto Rout Deepens; Zcash Plummets After Bug Disclosure

June 05, 2026 08:29 ET bitcoin 02062026 lt

Cryptocurrencies added to losses in the past 24 hours as the disclosure of a critical bug related to the Zcash cryptocurrency exacerbated the prevailing bearish sentiment in the market.

Trump Signs Order To Promote Advanced AI Innovation And Security

June 03, 2026 07:56 ET ai 03062026 lt

President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an

Latest Updates on COVID-19

Biotech Stocks Facing FDA Decision In June 2026

June 03, 2026 10:01 ET fda 27052026 lt

June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.

India Maintains Key Interest Rates; Unveils Measures To Boost Dollar Inflows

June 05, 2026 07:05 ET money 05062026 lt

The Reserve Bank of India left its key policy rates unchanged on Friday and unveiled a slew of measures to attract dollar inflows as the rupee continues to slide amid a mix of surging oil prices, foreign capital outflows from emerging markets and geopolitical risks triggered by the Middle East conflict. The Monetary Policy Committee unanimously decided to hold interest rates.

  • India Holds Key Interest Rates; Upgrades Inflation Forecast June 05, 2026 02:37 ET

    The Reserve Bank of India left its key policy rates unchanged on Friday, and upgraded its inflation outlook citing higher oil prices and monsoon uncertainty. The Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.25 percent. The committee also decided to continue with the neutral stance.

  • U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Month High June 04, 2026 09:47 ET

    First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.

  • UK Construction Sector Contracts Most Since 2020 June 04, 2026 06:38 ET

    The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.

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Strength Training And Aerobic Exercise Together May Help You Live Longer, Study Finds

June 05, 2026 15:31 ET exercise 05062026 lt

A new study suggests that doing a moderate amount of strength training every week may help people live longer, especially when it is combined with regular aerobic exercise such as walking, running, cycling, or swimming. Researchers analyzed data from three large long-term health studies involving...

  • Are Ultra-Processed Foods Really Bad For You? June 05, 2026 13:59 ET

    A group of nutrition, metabolism, and eating behavior experts from across Europe has questioned the common belief that all ultra-processed foods (UPFs) are harmful to health. In a Perspective article published in the journal Science, researchers reviewed five clinical trials conducted in the US, UK,...

  • Outdoor Play Mitigates Effects Of High Screen Time On Children: Study June 05, 2026 10:29 ET

    Screens are now part of every childhood, but research continues to show that too much screen time can slow communication, attention, and daily living skills. A 2023 JAMA Pediatrics study found toddlers with more than an hour of daily screen exposures at age two struggled by age four. Outdoor play—even simple park time—helped offset these risks, especially for social skills.

  • Target Recalls Up & Up Baby Wipes For Potential Microbial Contamination June 05, 2026 02:03 ET

    Retailer Target Corp. is recalling select Up & Up Baby Wipes, due to potential microbial contamination, according to the U.S. Food and Drug Administration. The recall involves Up & Up FragranceFree Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes with various counts and UPC numbers. The impacted wipes were manufactured by a supplier, Sapro Temizlik Urunleri, and sold at Target stores...

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Company Name
Drug
Event
Eisai Co Ltd
(ESALY.PK, ESALF.PK, 4523.T, EII.SG)
LEQEMBI IQLIK (sBLA)
05/24/2026
FDA decision on LEQEMBI IQLIK, as a weekly starting dose, for the treatment of early Alzheimer’s Disease
MannKind Corp.
(MNKD)
Afrezza (sBLA)
05/29/2026
FDA decision on Afrezza Inhalation Powder in children and adolescents living with type 1 or type 2 diabetes
Cingulate Inc.
(CING)
CTx-1301 (NDA)
05/31/2026
FDA decision on CTx-1301 for the treatment of Attention-Deficit/Hyperactivity Disorder in children and adults
Daiichi Sankyo Company Limited
( DSKYF, 4568.T)
DATROWAY (sBLA)
06/02/2026
FDA decision on DATROWAY for the treatment of adult patients with unresectable or metastatic triple negative breast cancer who are not candidates for immunotherapy
AstraZeneca PLC
( AZN, AZN.L, ZEG.DE, AZN.ST)
DATROWAY (sBLA)
06/02/2026
FDA decision on DATROWAY for the treatment of adult patients with unresectable or metastatic triple negative breast cancer who are not candidates for immunotherapy

Target Recalls Up & Up Baby Wipes For Potential Microbial Contamination

June 05, 2026 02:03 ET rttnewslogo20mar2024 lt

Retailer Target Corp. is recalling select Up & Up Baby Wipes, due to potential microbial contamination, according to the U.S. Food and Drug Administration. The recall involves Up & Up FragranceFree Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes with various counts and UPC numbers. The impacted wipes were manufactured by a supplier, Sapro Temizlik Urunleri, and sold at Target stores...