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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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PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom
PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom
PJM Interconnection, operator of the largest power grid in the United States spanning 13 states and serving more than 65 million people, has launched an emergency proposal to secure 15 gigawatts of new electricity supply, according to Bloomberg. The move aims squarely at the surging AI data center demand, which has pushed the regional grid to its limits. The plan calls for bilateral negotiations to pair proposed data centers with new power plants.
PJM will begin gauging interest from developers and generators...
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Jun 1, 2026 / Kyle Anzalone
Iran Halts Talks With US Over Israeli Attacks on Lebanon
Tehran says it will suspend exchanging messages with Washington because the US is not forcing Israel to comply with the ceasefire in Lebanon. “Due to the continuation of the Zionist regime’s actions in Lebanon and given that Lebanon was one of the preconditions of the ceasefire and that this ceasefire has now been violated on […]
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