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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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May 6, 2026 / Tyler Durden
There Needs To Be A Stronger European Element In NATO, Says Starmer
There Needs To Be A Stronger European Element In NATO, Says Starmer
Authored by Victoria Friedman via The Epoch Times (emphasis ours),
British Prime Minister Sir Keir Starmer said on May 4 that there needs to be a stronger European element in NATO, as the United States reconsiders its relationship with the defense alliance and pivots toward other security priorities domestically and globally.
British Prime Minister Keir Starmer at the Elysee Palace in Paris on Jan 6, 2026. Ludovic Marin/AP
Starmer acknowledged during a panel discussion at the European Political Community summit in...
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Feb 28, 2026 / Tyler Durden
Pentagon Picks OpenAI To Replace Anthropic
Pentagon Picks OpenAI To Replace Anthropic
Update (2345ET): Sam Altman on Friday night announced that OpenAI and Department of War have struck a deal in which the DoW will be able to use the company's AI for military applications, and has agreed to abide by the company's red lines regarding safety (which were similar to rival Anthropic).
"Two of our most important safety principles are prohibitions on domestic mass surveillance and human responsibility for the use of force, including for autonomous weapon systems," Altman said on Friday night, adding "The DoW agrees with these...
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Aug 18, 2026 / Tyler Durden
"Strain Is Spreading": FT Exposes Private Credit Distress At Decade Highs
"Strain Is Spreading": FT Exposes Private Credit Distress At Decade Highs
Since last fall, we have repeatedly flagged the private credit sector’s growing vulnerabilities.
Earlier coverage detailed how the asset class ballooned into a $2-3 trillion opaque market after banks retreated from riskier lending, only to face a wave of high-profile defaults (First Brands, Tricolor), surging redemptions that forced gates at major vehicles, rising PIK usage, and AI-related risks to software-heavy portfolios.
In February, the red flag got about as red as it gets...
Private Credit Rocked By UBS Shock Outlook: Record "Cascading...
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