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Thursday, April 16, 2026

'More hearsay diplomacy: China's Wang: Pushing US, Iran to restart talks is priority'

 Chinese Foreign Minister Wang Yi held a meeting with his Italian counterpart Antonio Tajani on Thursday, in which the two diplomats discussed bilateral relations and the conflict in the Middle East, with Wang emphasizing the need to urge the United States and Iran to return to negotiations.

According to the Chinese Foreign Ministry's readout, Wang underlined that the war in Iran "should never have happened" and that it "seriously" impacted international energy security and the safety of the Strait of Hormuz. He reiterated that his country always calls for a diplomatic resolution of international disputes, rather than the use of force, and that it is prepared to communicate with all parties in support of Pakistan's mediation efforts.

The Chinese foreign minister also stated that his country and Italy are "comprehensive strategic partners" and that the two countries should strengthen their communication and coordination concerning international issues.

https://breakingthenews.net/Article/Wang:-Pushing-US-Iran-to-restart-talks-is-priority/66086083

Pimco Buys All $400 Million of Bonds Sold by Blue Owl BDC

 


Pacific Investment Management Co. bought all $400 million of bonds issued on Monday by a Blue Owl Capital Inc. private credit fund, according to people with knowledge of the matter.

The purchase comes amid a selloff that pushed spreads on notes from similar funds to multiyear highs in recent weeks, fueled in part by concerns over lending standards and exposure to software companies vulnerable to disruption from AI. Whether Pimco intends to hold onto the bonds is an open question, with at least one secondary-market trade of more than $5 million occurring since the sale, Trace data show.

https://www.bloomberg.com/news/articles/2026-04-15/pimco-buys-all-400-million-of-bonds-sold-by-blue-owl-bdc


QuidelOrtho sees preliminary Q1 2026 revenue $615–$620 million, expects free cash flow $(65)–$(70) m

 


  • Company says the low end of its full-year 2026 guidance remains achievable.

Allogene data for ALLO-329 autoimmune CAR T, expects initial Phase 1 RESOLUTION data in June 2026

 

Allogene Therapeutics publishes Nature Communications data for ALLO-329 autoimmune CAR T, expects initial Phase 1 RESOLUTION data in June 2026

  • ALLO-329 is a dual-targeted CD19/CD70 allogeneic CAR T candidate being developed for autoimmune disease.
  • Company reiterates initial Phase 1 RESOLUTION trial data expected in June 2026, with a further update anticipated by year-end 2026.
  • Allogene Therapeutics previously priced $175 million underwritten common stock offering at $2.00 per share.
  • Offering comprises 87.5 million common shares, with 30-day option for underwriters to buy 13.125 million more.

Most patients "won't see benefit" with Alzheimer's drugs

 A review of clinical data on amyloid beta-targeting Alzheimer's disease therapies has concluded their efficacy is too modest to show a clinically meaningful benefit for patients.

The report from the influential Cochrane Collaboration, an independent group that analyses clinical data, maintains that these drugs have "absent or trivial" effects on cognitive decline and dementia severity in Alzheimer's, whilst also increasing the risk of bleeding and swelling in the brain.

The authors, led by Francesco Nonino, neurologist and epidemiologist at the IRCCS Institute of Neurological Sciences of Bologna in Italy, drew their conclusions after analysing data from 17 clinical trials of seven amyloid-targeted Alzheimer's drugs with a total of 20,342 participants. That included trials of the only two approved therapies, Eisai/Biogen's Leqembi (lecanemab) and Eli Lilly's Kisunla (donanemab).

"There is now a convincing body of evidence converging on the conclusion that there is no clinically meaningful effect," said Nonino.

"While early trials showed results that were statistically significant, it is important to distinguish between this and clinical relevance," he added. "It is common for trials to find statistically significant results that do not translate into a meaningful clinical difference for patients."

Some researchers have already pushed back against the findings, however. Prof Tara Spires-Jones of the University of Edinburgh and the UK Dementia Research Institute, along with her DRI colleague Prof Jonathan Schott, noted that five of the seven drugs analysed did not succeed in trials, weakening the result.

"By combining studies of different drugs, many of which have long since been disbanded, several of which had little or no effects on beta-amyloid, and most of which have failed in randomised clinical trials, it is almost inevitable that the conclusion will be that as a group they are clinically ineffective," said Schott.

Leqembi and Kisunla are both approved in the UK, but are not recommended for use by the NHS, although, last month the reimbursement authority NICE said it would look again at its original appraisal decisions as a result of changes to its cost-effectiveness thresholds.

For now, anyone seeking treatment with them will have to pay privately, looking at a bill of almost £90,000 for an 18-month course of treatment.

The Cochrane authors conclude that future trials targeting amyloid beta removal are unlikely to provide a clear benefit to patients, and recommend that future research on Alzheimer's treatment should focus on other mechanisms.

"Existing approved drugs offer some benefit for some patients, but there remains a high unmet need for more effective treatments," said senior author Edo Richard, of Radboud University Medical Centre in the Netherlands.

"Sadly, anti-amyloid drugs do not offer this and bring additional risks," he added. "Given the absence of correlation between amyloid removal and clinical benefit, we need to explore other pathways to help address this devastating disease."

Giving another perspective, Prof Paresh Malhotra of Imperial College London (ICL) said the results are not surprising given that most of these trials have negative effects, but does not take into account the key differences between individual drugs and the trials assessing them.

"There are many questions that still need to be answered about the licensed drugs, including methods and duration of administration," he said.

"I agree with the authors that other mechanisms of action beyond targeting amyloid for treatment of Alzheimer's should be explored. However, the findings to date do not justify 'throwing the baby out with the bathwater' and dismissing all the results of well-conducted individual studies."

https://pharmaphorum.com/news/most-patients-wont-see-benefit-alzheimers-drugs

'Obesity’s explosive growth continues as Q1 deals exceed total 2025 value'

 

Commitments in obesity- and diabetes-focused deals reached $22 billion in the first quarter of 2026—already eclipsing last year’s total of $20.3 billion, according to a new J.P. Morgan report.

In just the first three months of 2026, biopharma has already pumped more money into obesity and diabetes licensing deals than in all of 2025, pointing to the sustained enthusiasm in this space.

As of March 31, companies have committed up to $22 billion in obesity- and diabetes-focused agreements, already surpassing last year’s $20.3 billion total, according to J.P. Morgan’s recently published Q1 licensing and venture report.

The total deal value takes into account milestones and other contingent payments that may not materialize for a variety of reasons. However, looking at upfront cash and equity commitments reveals that investments in this space remain “just as strong” as it has been in recent years, coming to $1.3 billion in the first quarter, already nearly half-way to 2025’s $2.9 billion total.

Digging into these patterns more closely, however, J.P. Morgan flagged a seeming slowdown in deals centered around GLP-1 and GIP drugs. Q1 saw only two such contracts, for which financial details haven’t been disclosed. There were eight deals involving these targets for the whole of 2025, with a total announced value of 10.8 billion, while GLP-1/GIP agreements peaked at 12 in 2023, racking up an aggregate deal value of $9.6 billion.

“Strategic interest remains high,” J.P. Morgan wrote in its report, referring to the overall pattern in obesity and diabetes dealmaking, “but deal flow is concentrated in a limited number of high-value transactions.” The firm didn’t name these transactions.

Obesity has indeed been a fertile field for planting partnerships in the first quarter. Eli Lilly kicked off the year by fronting $55 million to collaborate with Nimbus Therapeutics on a preclinical weight-loss asset. Not much has been revealed about this program, only that the partners expect it to address a “significant unmet need in obesity,” according to their news release at the time. Lilly pledged up to $1.3 billion in milestones.

AstraZeneca followed this up with a massive deal in late January, paying $1.2 billion upfront to join hands with Hong Kong’s CSPC Pharmaceutical and secure exclusive global rights to a long-acting dual GLP-1/GIP drug. The pharma also received three preclinical weight-focused assets and will work with CSPC on four new programs. This agreement could rack up more than $17 billion in R&D and sales milestones.

Pfizer also looked eastward a few weeks later, putting $495 million on the line—covering an upfront payment plus regulatory and sales milestones—for Sciwind Biosciences’ GLP-1 injection that has been approved in China for type 2 diabetes and is being reviewed for obesity.

https://www.biospace.com/deals/obesitys-explosive-growth-continues-as-q1-deals-exceed-total-2025-value

From Trucks To Tanks: Pentagon Looks To Automakers To Rebuild America's Arsenal

 With two active conflict areas in Eurasia - the Russia-Ukraine conflict in Eastern Europe and the U.S.-Iran theater in the Gulf - the world is moving deeper into a war cycle. The latest indicator is not only that militaries around the world are beginning to stockpile one-way attack drones, but also the early-stage push to convert underused civilian industrial capacity, including struggling auto production lines, into wartime manufacturing hubs.

The Wall Street Journal is out with a new report that describes just that, noting that the Trump administration is exploring whether U.S. manufacturers, including GM, Ford, GE Aerospace, and Oshkosh, can convert civilian industrial capacity into weapons production as conflicts across Eurasia drag on and deplete critical weapons stockpiles.

The effort to boost the war economy is part of what Defense Secretary Pete Hegseth has described as putting the defense industrial base on a "wartime footing."

A Department of War official said the agency "is committed to rapidly expanding the defense industrial base by leveraging all available commercial solutions and technologies to ensure that our warfighters maintain a decisive advantage."

Senior defense officials told the outlet that Mary Barra of General Motors and Jim Farley of Ford Motor have been briefed on converting auto production lines into weapons manufacturing facilities. The report did not provide details on what types of weapons could be produced in the factories or on the downtime required to convert those lines.

Those officials said GE Aerospace and vehicle and machinery maker Oshkosh were among other manufacturers briefed.

The historical precedent is that America converted its automotive base during World War II to produce record numbers of main battle tanks, bombers, and fighter planes to win the war.

Let's not forget that GM and Ford both repurposed production lines during the Covid pandemic to produce ventilators, so it's not far-fetched that these automakers could one day be rolling tanks down the production lines.

One major hurdle is the far-left unions, which could force labor actions such as strikes, as the broader left-wing ecosystem has transformed into a pressure campaign against anything related to Trump, whether foreign or domestic policy.

Evidence of converting underused civilian industrial capacity has already been seen with the German automaker Volkswagen, which will soon transform its Lower Saxony factory from producing T-Roc Cabriolets to manufacturing parts for the Iron Dome missile interceptor system.

In mid-February, we highlighted a conversation between Anduril Industries founder Palmer Luckey and Joe Rogan about how the U.S. won World War II. Luckey noted:

"How did the United States win World War II … Manufacturing. Some of it was new factories, but most of it was taking over old factories."

That's why Chinese autos will never flood the U.S.: it would destroy the auto industrial base that can easily be converted to wartime production. However, the current left-wing regime in Europe has already chosen to hollow out its industrial core by flooding the continent with BYD cars.

This is wartime stuff.

https://www.zerohedge.com/military/trucks-tanks-pentagon-looks-automakers-rebuild-americas-arsenal