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Duffy is the second member of Trump’s cabinet who sold securities shortly before the president’s tariff announcements sent markets plunging. A spokesperson for Duffy said an account manager made the trades and that Duffy had no input on the timing.

 

The demand for the widely used cancer drug Taxol is increasing, but it’s difficult and expensive to produce because it hasn’t been possible to do it biosynthetically. Until now, that is. Researchers from the University of Copenhagen have cracked the last part of a code that science has struggled with for 30 years. The breakthrough could halve the price of the drug and make production far more sustainable.

 

In recent years, Canadians have increasingly seen financial firms — such as private equity firms and real estate investment trusts (REITs) — buying up apartment buildings. The largest 25 financial landlords in Canada hold nearly 20 per cent of the country’s private, purpose-built rental stock.

At the same time, Canada’s housing affordability crisis has exploded. A 2022 report found that in 93 per cent of Canadian neighbourhoods, a full-time minimum wage worker cannot afford a one-bedroom apartment.

Many observers have connected this financialization of housing to rising unaffordability. But until recently, a lack of data has made it challenging to prove it.

Our recent study, based on building-level rent and ownership data in the Greater Toronto Area, is the first to decisively show that financial firms charge higher rents and raise them more quickly than other landlords. We also found that financial firms raise rents most aggressively in lower-income areas with more racialized residents.

 

United States President Donald Trump’s tariffs against most of the world tanked stock markets, disrupted the U.S. bond market and destabilized the global economy.

Trump has economically and politically threatened American allies, shattering the unity of the western world. But Trump’s chaos may have inadvertently produced an opportunity to create a better world.

Some western commentators argue that the U.S. has been a benevolent superpower.

That may have been true for a small group of mostly western states that have benefitted from American domination. But much of the Global South was victimized by American military, economic and political interventions.

 

“It's hard to get ahead of it, because the animals can't talk to us and tell us they have a problem.”

 

Moving forward, the FDA will adopt the following Covid-19 vaccination regulatory framework: On the basis of immunogenicity — proof that a vaccine can generate antibody titers in people — the FDA anticipates that it will be able to make favorable benefit–risk findings for adults over the age of 65 years and for all persons above the age of 6 months with one or more risk factors that put them at high risk for severe Covid-19 outcomes, as described by the CDC (Figure 2). For all healthy persons — those with no risk factors for severe Covid-19 — between the ages of 6 months and 64 years, the FDA anticipates the need for randomized, controlled trial data evaluating clinical outcomes before Biologics License Applications can be granted. Insofar as possible, when approving a Covid-19 vaccine for high-risk groups, the FDA will encourage manufacturers to conduct randomized, controlled trials in the population of healthy adults as part of their postmarketing commitment.

Source.

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