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Thursday, April 2, 2026

'Germany, China: States must not control sea lanes'

 German Foreign Minister Johann Wadephul spoke on the phone with Chinese Foreign Minister Wang Yi, the German Foreign Ministry said on Thursday. They agreed that the Strait of Hormuz should be reopened and that no individual state should "control sea lanes and impose tolls for passage."

The two diplomats expressed concern about the situation in the Middle East and hope for its swift end. Wadephul also noted that Iran has behaved in a hostile manner toward its neighbors "for decades" and "endangered peace and security with its missile and nuclear programs." He called on China to use its influence to push Tehran toward a negotiated solution to the crisis.

https://breakingthenews.net/Article/Germany-China:-States-must-not-control-sea-lanes/66006024

US Initial Jobless Claims Fall to Just Shy of Two-Year Low

 


Applications for US unemployment benefits fell last week to one of the lowest levels in the last two years, suggesting layoffs remain low.

Initial claims decreased by 9,000 to 202,000 in the week ended March 28, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 212,000.

https://www.bloomberg.com/news/articles/2026-04-02/us-initial-jobless-claims-fell-to-202-000-last-week

Challenger: US job cuts up 25% to 60,620 in March

 Job cuts in the United States totaled 60,620 in March, rising 25% the month before, but dropping 78% from the same month a year prior, Challenger, Gray & Christmas revealed in its report released on Thursday.

In the first quarter of 2026, employers announced 217,362 job cuts, down 56% year-over-year. Most jobs, 52,050, were cut in technology in the reported quarter, followed by transportation at 32,241, and healthcare at 23,520.

Meanwhile, employers announced 32,826 hiring plans in March, up 149% from last year. "Companies are shifting budgets toward AI investments at the expense of jobs. The actual replacing of roles can be seen in Technology companies, where AI can replace coding functions. Other industries are testing the limits of this new technology, and while it can’t replace jobs completely, it is costing jobs," Challenger's Chief Revenue Officer Andy Challenger commented.

https://breakingthenews.net/Article/Challenger:-US-job-cuts-up-25-to-60620-in-March/66005294

'UK slams Iran's 'recklessness' over Hormuz closure'

 United Kingdom Foreign Secretary Yvette Cooper criticized on Wednesday Iran's "recklessness" over the blockade of the Strait of Hormuz, warning that it is "hitting our global economic security."

The UK secretary chaired a meeting with representatives from over 40 countries to discuss the closure of the passage, "the impact of the closure, the urgent need to restore freedom of navigation for international shipping, and the strength of our international determination to see the Strait reopen once more."

In addition, Cooper revealed that military planners are currently meeting to discuss de-mining the Strait of Hormuz in order to reopen the shipping route.

https://breakingthenews.net/Article/UK-slams-Iran's-'recklessness'-over-Hormuz-closure/66005427

AZ claims another win for Imfinzi in frontline liver cancer

AstraZeneca has built the case for Imfinzi in earlier-stage liver cancer with a second phase 3 trial readout in its EMERALD programme.

The new results come from the EMERALD-3 study, testing a combination of PD-L1 inhibitor Imfinzi (durvalumab) with AZ's CTLA4 inhibitor Imjudo (tremelimumab) – as well as Eisai's multikinase inhibitor Lenvima (lenvatinib) – as a first-line treatment for unresectable hepatocellular carcinoma (HCC) patients who are eligible for a procedure known as transarterial chemoembolisation (TACE).

TACE is a commonly used minimally invasive treatment for liver cancer that combines chemotherapy and vascular blockage, designed to cut off the oxygen and nutrient supply to tumours. HCC is the most common form of liver cancer, and around 30% to 40% of cases are candidates for TACE.

Most patients who receive TACE experience disease progression or recurrence within six to ten months, according to AZ.

In EMERALD-3, the Imfinzi/Imjudo/Lenvima regimen achieved a "statistically significant and clinically meaningful" improvement in progression-free survival (PFS) versus TACE alone, as well as a trend towards improved overall survival (OS).

However, Imfinzi and Imjudo plus TACE – without Lenvima – did not show a significant improvement on TACE alone for either PFS or OS. AZ's two checkpoint inhibitors were administered in the STRIDE regimen – standing for Single Tremelimumab Regular Interval Durvalumab.

Another phase 3 study in the programme – EMERALD-1 – was reported in 2024 and looked at Imfinzi plus anti-VEGF antibody bevacizumab as an add-on to TACE. The results showed a significant improvement in PFS for that regimen over TACE alone, but Imfinzi plus TACE was no better than the control group on that measure.

AZ has yet to file for approval of Imfinzi in the frontline setting for earlier-stage HCC, despite its well-established role in more advanced disease. Imfinzi is already approved by the FDA for use in combination with Imjudo for unresectable, advanced HCC.

The delay could reflect discussion that followed the presentation of the EMERALD-1 results – specifically, the possibility that much of the benefit from the triplet regimen might be due to bevacizumab – and speculation that regulators may want to see additional data proving Imfinzi is adding something significant before approval.

AZ said in a statement that it intends to share the EMERALD-3 data with regulatory authorities.

"Dual immunotherapy with durvalumab and tremelimumab in the STRIDE regimen represents a meaningful advance for patients with embolisation-eligible liver cancer, who currently lack systemic treatment options to keep their cancer from progressing or recurring," said the study's lead investigator, Ghassan Abou-Alfa of Memorial Sloan Kettering Cancer Center in the US.

"EMERALD‑3 shows we can now significantly reduce the risk of disease progression with STRIDE as the immunotherapy backbone alongside lenvatinib and TACE," he added.

AZ's third trial in the programme, EMERALD-2, is looking at Imfinzi with or without bevacizumab as adjuvant therapy for HCC patients who are at high risk of recurrence after successful curative surgery or ablation techniques. That study is due to complete later this year.

https://pharmaphorum.com/news/az-claims-another-win-imfinzi-frontline-liver-cancer

Merck Starts Phase 2b/3 Trial of Neovascular Age-Related Macular Degeneration Treatment

Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced the initiation of a pivotal Phase 2b/3 trial evaluating MK-8748 (also known as Tiespectus, EYE201), a novel investigational bispecific antibody that directly activates Tie2 signaling and inhibits vascular endothelial growth factor (VEGF), for the treatment of neovascular (wet) age-related macular degeneration (NVAMD).

Goldman Sachs and Citigroup Shift Paris Staff to Remote Work After Foiled Bomb Attack

 


Remote Work Measures and Investigation Details

Immediate Response from Banks

PARIS, April 2 (Reuters) - Goldman Sachs told its Paris staff they could work remotely on Thursday following a foiled bomb attack on Bank of America Paris offices last Saturday, a source familiar with the matter said, while Citigroup staff in Paris and Frankfurt are also working remotely.

Authorities' Actions and Suspect Detention

French authorities have placed four suspects in pre-trial detention over the plot, which potentially had links to Iran.

The Paris police authority did not immediately reply to a request seeking comment, while the Paris prosecutor's office declined to comment.

Citigroup's Precautionary Measures

Citigroup's is a precautionary measure, the group said in an emailed statement to Reuters.

Details of the Bomb Plot

Suspects and Charges

French anti-terrorism prosecutors said late on Wednesday the four suspects — three teenagers aged 16 and 17 and one adult — were placed under formal investigation on suspicion of manufacturing, transporting and handling an explosive device and attempting to destroy property as part of a terrorist organisation.

Nature of the Device

The device, a five-litre petrol can taped to a large pyrotechnic charge containing a 650-gram active-material cylinder, was the most powerful of its kind ever identified in France and could have generated "a powerful fireball several meters in diameter," the anti-terrorism prosecutor's office said late on Wednesday.

Recruitment and Motive

Investigators established the adult recruited the teenagers, paying them between 500 and 1,000 euros ($580-$1,160) to plant and film the device. All four denied terrorist intent.

Suspected Links and Ongoing Investigation

France suspects the attack is linked to HAYI, a pro-Iranian group that had posted a video on March 23 specifically naming Bank of America's Paris headquarters, though prosecutors said the link has not yet been formally established.

https://www.globalbankingandfinance.com/goldman-citi-staff-work-remotely-foiled-bomb-attack-another/