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Biotech firm Odyssey raises $279 million in upsized US IPO

Biotech firm Odyssey raises $279 million in upsized US IPO

May 7 (Reuters) - Biopharmaceutical company Odyssey Therapeutics has raised $279 million in its upsized U.S. initial public offering, the company said on Thursday. The Boston-based company sold 15.5 million shares at $18 apiece, compared with its marketed range of $16 to $18 per share.
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Trump plans to fire FDA chief Makary, WSJ reports

Trump plans to fire FDA chief Makary, WSJ reports

May 8 (Reuters) - President Donald Trump has signed off on a plan to fire U.S. Food and Drug Administration Commissioner Marty Makary, the Wall Street Journal reported on Friday, citing people familiar with the matter. The White House and the U.S.
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FDA's new playbook: Lots of media announcements but not much rulemaking

FDA's new playbook: Lots of media announcements but not much rulemaking

Health Secretary Robert F. Kennedy Jr. and other health officials have repeatedly announced major changes before any new rules have been drafted
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Bank of England's Bailey sees 'wrestle' with US on stablecoin regulation

Bank of England's Bailey sees 'wrestle' with US on stablecoin regulation

By David Milliken LONDON, May 8 (Reuters) - Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
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FDA Approves Fruit-Flavored E-Cigarettes for Adult Smokers

FDA Approves Fruit-Flavored E-Cigarettes for Adult Smokers

The FDA has granted its first authorization for fruit-flavored electronic cigarettes intended for adult smokers. This decision marks a significant policy shift following months of appeals from the vaping industry to President Trump. The authorization allows the sale of these flavored e-cigarettes, which have been a contentious issue due to concerns about their appeal to younger audiences. The FDA's decision aims to provide adult smokers with alternatives to traditional tobacco products while maintaining regulatory oversight to prevent underage use.
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US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says

US container imports fell 5.5% in April on trade and geopolitical risks, Descartes says

May 8 (Reuters) - U.S. container imports dropped 5.5% in April as importers contend with trade policy uncertainty and geopolitical risks, supply chain technology provider Descartes Systems Group said on Friday. Containerized import volumes have been hit by U.S.
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Exclusive-Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows

Exclusive-Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows

By Amanda Cooper and Dmitry Zhdannikov LONDON, May 7 (Reuters) - A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S.
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Dunkin' owner Inspire Brands confidentially files for US IPO

Dunkin' owner Inspire Brands confidentially files for US IPO

May 8 (Reuters) - Inspire Brands, the owner of fast-food chains Dunkin', Arby's and Jimmy John's, said on Friday it had confidentially filed for a U.S. initial public offering, as the consumer IPO market picks up steam after a tepid 2025.
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FDA authorizes first fruit-flavored e-cigarettes in US amid political pressure

FDA authorizes first fruit-flavored e-cigarettes in US amid political pressure

May 5 (Reuters) - The U.S. Food and Drug Administration on Tuesday allowed the marketing of fruit-flavored e-cigarettes in a first authorization of non-tobacco-flavored vaping products, amid mounting political pressure on the agency.
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US FDA blocked publication of COVID, shingles vaccine safety studies

US FDA blocked publication of COVID, shingles vaccine safety studies

By Padmanabhan Ananthan May 5 (Reuters) - Officials at the U.S. Food and Drug Administration blocked the publication of several studies supporting the safety of widely used vaccines against COVID-19 and shingles, a Department of Health and Human Services spokesperson said.
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FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

U.S. health regulators have announced their first authorization of fruit-flavored electronic cigarettes intended for adult smokers
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European shares soar to two-week high on Mideast deal optimism; earnings in focus

European shares soar to two-week high on Mideast deal optimism; earnings in focus

By Twesha Dikshit May 6 (Reuters) - European shares advanced to a two-week high on Wednesday, with oil prices dropping and investor optimism rising after U.S. President Donald Trump cited "great progress" toward a comprehensive peace agreement with Iran.