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Abivax Crashes Most On Record After Cancer Cases In Trial Data Spooks Wall Street
Abivax Crashes Most On Record After Cancer Cases In Trial Data Spooks Wall Street
French biotech Abivax suffered its largest intraday decline on record after reporting new data on its lead experimental inflammatory bowel disease drug, which showed cancer cases among patients in the clinical trial. The new data certainly point to regulatory headwinds and raise the risk profile for approval.
Abivax's ABTECT maintenance data showed strong efficacy readout, with both once-daily obefazimod doses meeting the primary endpoint at week 44. Clinical remission rates were 50.8% for the 25 mg dose...
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Mar 23, 2026 / Tyler Durden
Key Events This Week: PMIs, Productivity And Consumer Sentiment
Key Events This Week: PMIs, Productivity And Consumer Sentiment
As has become customary for Monday, we have seen a dramatic surge in risk assets (3rd Monday in a row) on what at least superficially appears to be de-escalation after Trump announced strikes against Iran's power plant would be delayed by 5 days as a result of talks with Iran, talks which at least Iran's domestic news sources have so far denied.
And the market lurches from headline to headline, it feels somewhat trivial to focus on the week ahead data calendar,...
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May 7, 2026 / John T. Flynn
The President Goes to War
Of course the president, like everyone, frequently protests his desire for peace. Everyone does this. And I think we may assume he is quite sincere about it.
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May 1, 2026 / Tyler Durden
Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations
Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations
President Donald Trump announced Friday that the United States will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, citing the EU’s failure to comply with a 2025 bilateral trade framework.
"I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks...
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