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Friday, June 26, 2026

Trump Says Iran Violated Ceasefire With Hormuz Drone Attack On Cargo Ship

 Update (11:55am ET): While today's announcement by Dubai that the UAE was under missile attack proved to be a false alarm, the US ceasefire it nonetheless becoming increasingly unstable. Following yesterday's attack by Iran drones on a cargo ship next to Oman, we were wondering how long until Trump responds (and how), and he did just that moments ago when he posted on Truth Social that Iran shoting "at least four One Way Attack Drones at Ships transversing the Strait of Hormuz" is "a foolish violation of our Ceasefire Agreement.

However, Trump's post follows earlier reports that the US and Iran had set up a deconfliction hotline involving precisely such events in the Gulf, so we doubt that there will be much if any follow through from this latest round of jawboning, especially now that Trump is set on maintaining the flow of oil through Hormuz as much as possible, which has allowed oil to tumble to pre-war levels.

* * * 

With each week and month that passes since the start of Trump's Operation Epic Fury, more and more reports have come out revealing the massive extent of damage to US military facilities in the Mideast region based on Iran's retaliation across the region. 

This is often based on fresh satellite imaging and analysis, despite US government pressure for these research entities to refrain from publishing such data, and to censor open source photographs. After a series of deep investigative reports, it has been proven time and again that the Pentagon and Washington officials have been downplaying and covering up the real extent of devastation caused by Iranian missiles and drones.

More fresh reporting in the Wall Street Journal once again adds confirmation to this, referencing satellite imagery which shows far more serious damage at a key naval base in Bahrain than the US has publicly acknowledged.

WSJ featured newly publicized images of whole US military command & communications buildings belonging to the US Navy in Bahrain obliterated, via AIRBUS

The damage is said to be bad enough that the Pentagon is mulling shrinking its troop presence there and elsewhere in the Gulf, including a potential reduced troop footprint in Kuwait and Saudi Arabia. Iran is hailing this reported pullback as a significant strategic victory produced by its retaliation.

Unnamed officials were cited in the report as saying American forces could retreat as far westward as Israel, after some bases essentially became unusable or uninhabitable altogether.

Concerning the Bahrain base details, WSJ writes:

The U.S. Navy base in Bahrain was repeatedly targeted between late February and June. Strikes that got through caused extensive damage, according to a Wall Street Journal analysis of satellite imagery, social-media footage and interviews with current and former servicemembers—damage that the Pentagon hasn’t publicly acknowledged. Hit hard were the command headquarters and at least a dozen other buildings, along with two satellite communications terminals

The military said no one was killed at the base, known as Naval Support Activity Bahrain, and that the strikes didn’t significantly impact operations. The U.S. evacuated most personnel but has kept a small staff on the ground. 

Notably in Bahrain the headquarters building for the US Navy in the Middle East was struck and seriously damaged, along with sensitive communications centers being destroyed.

But here is a key, somewhat unexpected line in the Journal report: "The extensive damage done to America’s sole naval base in the Middle East - along with hits to at least 20 U.S. sites across the region, including military installations and diplomatic facilities - has the U.S. re-evaluating its entire footprint in the region, according to U.S. officials familiar with the deliberations.

This means that damaged structures and bases may not be rebuilt at all, and the sites may just be abandoned as future key US military hubs, WSJ says.

The draw-down of expensive Pentagon comms centers could include from Bahrain: "The military is now considering revamping the base in Bahrain, reducing the U.S. presence in Kuwait and Saudi Arabia and moving some bases or base functions west, farther from the reach of Iranian missiles and drones, according to the officials familiar with the deliberations," WSJ writes.

Reconstruction costs would be staggering, per the same report:

The Center for Strategic and International Studies estimated in a report published Tuesday that the total cost of the war was about $40 billion. That estimate included their calculus of $2.2 billion to $5.1 billion in damage to U.S. bases, based on structures that CSIS identified as damaged. 

The Journal used satellite images and social-media footage to identify which buildings on the Bahrain base were damaged. To estimate what it would cost to construct buildings of the same types today, the Journal reviewed a publicly available Defense Department cost model as well as procurement reports. The estimates only cover construction, and don’t include other costs that ​could factor into the total if the buildings were to be rebuilt, such as debris removal and reinforcement. ​ 

"The estimated construction costs at NSA Bahrain totaled about $400 million," it continues. But ultimately a draw-back from these locations would be based on the proven reality that Iran can easily hit them at any time.

Some further implications to all this are that in any future flare-up or even return to all-out war between the US and Iran, American forces would find themselves executing a conflict much further away from the theatre itself. For example, dozens of major Air Force refueling tankers have already had to be relocated far away from the Gulf, to places like Tel Aviv. Many were destroyed in the opening weeks of the war while parked at Gulf airfields, clearly over-exposed as it seems Iran knew exactly where to target.

Back in late March, US officials admitted to the NY Times that Iran's significantly retaliation damaging US bases was "a war that is much harder to prosecute."

https://www.zerohedge.com/military/damage-losses-key-us-bases-gulf-so-extensive-pentagon-may-not-rebuild-them

https://breakingthenews.net/Article/US-goods-trade-deficit-grows-to-dollar105.8B-in-May/66583239

https://breakingthenews.net/Article/Israel-may-have-ordered-evacuation-in-Lebanon/66582951

CHMP negative opinion on Yartemlea (narsoplimab) for TA-TMA hits OMER

 

CHMP negative opinion on Yartemlea (narsoplimab) for TA-TMA drives OMER -16% premarket drop

  • EMA's CHMP issued negative opinion on Yartemlea for transplant-associated thrombotic microangiopathy after June 22-25 meeting
  • Drug already FDA-approved and launched in US (Jan 2026) with strong early sales, but EU rejection is major setback
  • Negative opinion also covered other meds but directly hits Omeros' lead asset European prospects
  • Mid-2026 EMA decision had been anticipated; this follows positive US launch momentum and J-code reimbursement
  • Stock closed at $10.72 on June 25; plummeted to ~$8.97-$8.50 range in premarket on high volume
  • Company had reported Q1 net income boosted by launch and Novo partnership; no immediate US impact
  • Analysts previously maintained buy ratings with high price targets tied to global expansion

Obesity is rising fastest in young adults in England

 Around a third of adults in England are now living with obesity, and new cases are rising most quickly in younger adults, according to an analysis of electronic health records (EHRs) for more than 54 million people.

Researchers used EHRs from NHS England to look at obesity trends between 2019 and 2025, and have concluded that rates of obesity have shot up since the pandemic, while the gap in rates between affluent and disadvantaged groups is widening. Obesity is now more common than high blood pressure in the UK.

"We're also seeing large disparities across the country: the percentage of adults affected by obesity in northeast England is six times higher than in central London," said study co-lead Robert Fletcher of the Department of Public Health and Primary Care at Cambridge University. "Differences on this scale are rarely seen in other areas of public health." 

Rates of new obesity cases were 35% higher for people with the highest socioeconomic deprivation – those with the lowest incomes, highest unemployment, and poorest housing – compared with people at the other end of the scale.

The difference was even more stark among women, where new cases of obesity were 54% higher among the most deprived, and most apparent in Asian women, where the difference was found to be 94%. Meanwhile, 48% of people living in northeast England are affected by obesity, compared to 8.5% in central London.

The team found that rates of new obesity cases rose by almost 20% in those aged 30-39, and by 16% in those aged 20-29, while rates fell among adults aged 60-79, according to the results of the study, which has been published in The Lancet Diabetes & Endocrinology.

The rise in new cases among young adults of childbearing age is especially concerning, according to Fletcher, given that obesity raises the risk of diabetes, heart disease, and cancer. 

"Beyond the implications for their own long-term health, obesity is associated with infertility, adverse pregnancy outcomes, and child obesity, which may perpetuate intergenerational cycles of health inequality," he added.

GLP-1 impact uncertain, for now

While the data period overlaps with the roll-out of GLP-1 agonist weight-loss drugs, such as Novo Nordisk's Ozempic/Wegovy (semaglutide) and Eli Lilly's Mounjaro (tirzepatide), the study did not examine their impact. However, there was no clear effect on obesity in the data that could be attributed to these medicines, according to Fletcher.

"The drugs on their own are unlikely to be the answer," he said. "At present, the majority are privately prescribed and the jabs are expensive, which poses a barrier for people from disadvantaged backgrounds. We need deep-seated change to the many social and economic factors that drive obesity in the first place."

That sentiment was echoed by co-author Naveed Sattar, professor of cardiometabolic medicine at the University of Glasgow and chair of the UK's Obesity Health Care Goals Programme.

"Obesity is not primarily about willpower. [This] new, powerful data indicate[s] that those most at risk frequently reside in the most obesogenic environments and likely have the least agency to withstand such environments," he said.

"To achieve lasting change, the UK must expand access to new treatments faster, but also fundamentally reshape food and activity environments so that healthier choices occur with minimal conscious effort. Failure to act will drive further rises in multimorbidity and human suffering, with profound consequences for the NHS and the wider economy."

https://pharmaphorum.com/news/obesity-rising-fastest-young-adults-england

Euro regulators urge revoking Amgen’s EU marketing authorization for its vasculitis drug Tavneos.

 European medicines regulators recommend revoking Amgen’s EU marketing authorization for its vasculitis drug Tavneos.

https://finviz.com/stock?t=AMGN&p=d

FDA accepts Replimune resubmitted BLA for RP1 plus nivolumab in advanced melanoma

 

FDA accepts Replimune resubmitted BLA for RP1 plus nivolumab in advanced melanoma as a complete Class 1 response, sets Aug 2 2026 action date

  • FDA plans an advisory committee meeting in late July to review the RP1 BLA resubmission.