The conservative alliance of the Christian Democratic Union (CDU) and Christian Social Union (CSU) emerged victorious in Germany’s federal election, securing 28.6% of the votes and likely paving the way for Friedrich Merz to become the next chancellor. The far-right Alternative for Germany (AfD) came in second with 20.8% of the votes, while the center-left Social Democratic Party (SPD) finished third with 16.4%. The CDU-CSU’s success was attributed to their strong collaboration and thorough preparation for governing responsibilities.
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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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