Oil prices fell sharply after more than 20 tankers stranded in the Persian Gulf began passing through the Strait of Hormuz, signaling improved global crude supply following the U.S.-Iran conflict. Brent crude dropped below $73 a barrel, and U.S. crude fell to around $69, returning to pre-war levels. The reopening of this key shipping route comes amid high-level talks between the U.S. and Iran to end the war, though risks remain as Iran's Revolutionary Guard demands strict transit controls. Analysts expect oil prices to decline further as supply normalizes over the next 6 to 12 months.
Mesoblast Limited has drawn $50 million from a new five-year loan facility provided by a shareholder, replacing higher-cost short-term debt. This move strengthens Mesoblast's balance sheet by lowering interest costs and removing short-term obligation...
HUTCHMED announced positive Phase II trial results for fanregratinib in treating advanced intrahepatic cholangiocarcinoma (ICC) with FGFR2 fusion/rearrangement. The study showed a 42.5% objective response rate and median overall survival of 16.6 mont...
Western Union and Intermex announced that regulatory approvals for Western Union's acquisition of Intermex have been received from 51 U.S. states and international jurisdictions, with only one U.S. state, New York, pending approval. Both companies ar...
Modern Therapy Group has introduced a virtual intensive outpatient program (IOP) designed for adults dealing with depression, anxiety, trauma, and other mental health issues. This program offers structured, clinician-led treatment five days a week vi...
Taysha Gene Therapies announced a public offering of 32.5 million common shares at $6.00 each and pre-funded warrants for 833,333 shares at nearly $6.00 each, aiming to raise about $200 million before expenses. The offering includes a 30-day option f...
