The center-right alliance of CDU-CSU has emerged victorious in Germany’s federal election, with Friedrich Merz likely to become the next chancellor. The coalition is expected to form a new government, facing challenges such as economic stagnation, domestic spending reforms, and trade tensions with the U.S. Despite these hurdles, there is optimism for change and improvement under the new administration.
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Return of FDA official who drew ire of Trump allies hits biotech shares
Shares of biotech companies experienced volatility following the FDA's reinstatement of Vinay Prasad, who had left amid controversy over drug approvals and social media criticism. Analysts are concerned that his return may exacerbate leadership instability and impact the agency's drug approval consistency, particularly after recent turmoil involving Sarepta Therapeutics. Want More Context? 🔎
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