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Thursday, May 14, 2026

Celcuity cash support for potential commercial launch of gedatolisib with FDA alignment to expand Phase 3

Celcuity posts Q1 2026 net loss of $52.8M ($0.97/share), ends with $387.1M cash and expects resources to fund operations through 2027

Net loss widened year over year due to higher research and development and SG&A spending. Company says cash resources should support preparation for potential commercial launch of gedatolisib. Celcuity obtained FDA alignment to expand Phase 3 VIKTORIA-2 gedatolisib trial with new first-line HR+/HER2- cohort.


https://finviz.com/quote?t=CELC&p=d

Venezuela debt restructuring to bring country 'out of shadows,':central bank chief



Restructuring Venezuela's sovereign debt and that of state oil firm PDVSA will bring the country "out of the shadows" of the global financial system, ‌interim Central Bank President Luis Perez said on Thursday.

Venezuela announced on Wednesday it would ‌begin restructuring its external debt, which has been in default since 2017 and is estimated by analysts to exceed $150 billion in ​unpaid bonds, arbitration awards and interest.


The restructuring "brings the Republic out of the shadows in the international financial world," Perez told Reuters in an interview.

"The whole world is watching with enthusiasm and approval."

Perez did not offer details of the debt restructuring plan, saying the information falls under the purview of the country's representative ‌before the International Monetary Fund, Calixto ⁠Ortega.

Venezuela is seeking to reintegrate into the global financial system following the re-establishment of relations with the IMF and the World Bank, which were suspended in ⁠2019 over government recognition disputes.

"Breaking relations with the International Monetary Fund should never have happened. It was a consequence of the sanctions," Perez added. A Venezuelan delegation will travel to Washington at the end of ​the month ​to meet with the entity.

The IMF has indicated it ​could provide support via approximately $5 billion ‌in special drawing rights (SDRs) that remain unused.


Interim President Delcy Rodriguez, who came to power in January after the U.S. captured President Nicolas Maduro, aims to use the resources for the electricity sector.

VENEZUELA'S CENTRAL BANK SEES "CRUCIAL" U.S. ROLE

Perez added that initial communication with the Fund has focused on developing statistics regarding prices and the external sector.

Perez also forecast that Venezuela's economy will grow about 8% this year, with ‌inflation expected to slow to single digits.

The economy expanded ​2.5% in the first quarter, buoyed by a 3.1% rise ​in non-oil activity while the oil sector ​contracted 2.1%.

Following Venezuela's resumption of diplomatic relations with the United States in March, ‌the central bank now maintains closer ties ​with the U.S. Treasury Department, ​Perez added.

"The United States is playing a crucial role," Perez said. "It is impossible for the United States government not to play a leading role in lifting the restrictions as well."

https://finance.yahoo.com/economy/policy/articles/exclusive-venezuela-debt-restructuring-bring-183430813.html

Regenxbio to seek accelerated FDA approval for RGX-202

 

Regenxbio to seek accelerated FDA approval for RGX-202 after AFFINITY DUCHENNE data show 28 of 30 boys ≥10% microdystrophin

  • Fiscal Q1 2026 non-GAAP EPS was $-1.72 (-1533% YoY) on revenue of $6.4M (-93% YoY), missing analyst estimates.

AT&T, T-Mobile, Verizon plan satellite joint venture

 AT&T, T-Mobile, and Verizon announced on Thursday an "agreement in principle" to form a joint venture aimed at ending wireless dead zones in the US through direct-to-device satellite communications.

According to a news release from the firms, the joint venture would combine satellite-based technologies and spectrum resources to expand mobile access in areas where traditional cellular networks have little or no service. The partnership is still contingent upon reaching final agreements and other normal closing requirements.

"By joining with other carriers, we're bringing our combined expertise to accelerate our customers' access to reliable, and always-on coverage everywhere. This collaboration not only makes connectivity easier; it strengthens America's communications leadership," AT&T CEO John Stankey noted.

https://breakingthenews.net/Article/ATandT-T-Mobile-Verizon-plan-satellite-joint-venture/66295888

Trump: China won't send military equipment to Iran

 US President Donald Trump revealed details about his negotiations with his Chinese counterpart Xi Jinping regarding the Iran conflict, confirming that Beijing will not be providing weapons to Tehran.

In an interview with Fox News on Thursday, the American head of state claimed that Xi promised he is "not going to give military equipment" to Iran. "That's a big statement. He said that today," Trump noted, adding that the Chinese leader said it "strongly."

During his state visit, Trump already said that China agreed to help the US in the Iran war, and that the two countries agreed Iran should never have a nuclear weapon.

https://breakingthenews.net/Article/Trump:-China-won't-send-military-equipment-to-Iran/66296507

Bombshell CIA Testimony: Fauci Accused Of Intentionally Burying COVID Lab-Leak Evidence

 by Steve Watson via Modernity.news,

A CIA operations officer provided explosive sworn testimony Wednesday before the Senate Homeland Security and Governmental Affairs Committee, accusing Dr. Anthony Fauci of directly intervening in the intelligence community’s review of COVID-19’s origins.

James Erdman III, a veteran CIA special operations officer, told senators that in August 2021 the intelligence community was on the verge of concluding the virus most likely leaked from a lab in Wuhan, China. Days later, that position reversed with no clear explanation.

Erdman stated under oath: “Dr. Fauci’s role in the cover-up was intentional. Dr. Fauci influenced the analytical process and findings by leveraging his position to ensure the IC consulted with a conflicted list of curated subject matter experts, public health officials, and scientists.”

He added that intelligence leaders “purposefully downplayed the lab origin” and “knew the virus came from Wuhan but pushed the natural origin narrative anyway.” Erdman testified that CIA scientists had circulated papers noting “all the conditions were present for a lab leak,” yet senior analysts ultimately buried or softened those assessments.

Senator Rand Paul pressed Erdman on the timeline. Paul described the Biden administration’s final moves as a “clean-up operation,” noting: “Scientific analysts concluded multiple times between 2021 and 2023 that a lab leak was the most likely origin of COVID-19. Yet those conclusions never shaped the official narrative… It was not until after the 2024 election that the outgoing Biden administration directed the CIA to issue an assessment not because of new intelligence, but so officials could walk out of the door claiming there was nothing left to find.”

Senator Bernie Moreno (R-OH) demanded accountability. He told the witness: “All these hearings are important. What you said is super critical… But where is the accountability? This is what I hear from my constituents all over Ohio… they want to see the perp walks.”

Moreno continued: “Anthony Fauci is sitting sipping margaritas somewhere with his multi-million dollar financial success as a result of duping the American people into putting an experimental vaccine into their bodies or risk losing their jobs. He’s not accountable to anybody.”

Senators Ron Johnson and Rand Paul pushed back after the CIA labeled the public hearing “political theater.” Johnson stated: “This committee needs an apology! This is not political theater. This is what the American people need to see.” Paul added: “Closed-door testimony doesn’t provide oversight. Public testimony provides oversight.”

Fox News reporter Bill Melugin noted the complete absence of Senate Democrats from the Homeland Security Committee hearing, despite several members serving on the panel. One Democrat, Sen. Ruben Gallego of Arizona, walked past the media setup but did not enter the room.

Erdman also raised separate concerns about oversight of declassification efforts. He claimed the CIA “took back 40 boxes of JFK and MK-Ultra files” that Director of National Intelligence Tulsi Gabbard was reviewing.

The whistleblower further alleged the agency “illegally monitored the computer and phone usage” of investigators working on the COVID-19 origins probe under presidential direction. He said: “These were Americans being spied on illegally while carrying out duties directed by the President and under the authority of the Director of National Intelligence.”

The testimony aligns with earlier official reviews of the pandemic’s beginnings.

It builds on the White House’s comprehensive lab-leak assessment released in April 2025 and Department of Defense and Defense Intelligence Agency reports indicating the Biden Pentagon may have suppressed aspects of the origins investigation.

It also connects to prior reporting on gain-of-function research and public statements downplaying alternative theories, including pieces examining the experiment that may have started the pandemic.


The hearing underscores ongoing scrutiny of how federal agencies assessed and communicated the virus’s origins more than six years after the first cases emerged in Wuhan.

No immediate response from Fauci or the CIA was available at the time of publication beyond the agency’s statement criticizing the subpoena process. Further developments in related inquiries are expected.


https://www.zerohedge.com/covid-19/bombshell-cia-testimony-fauci-accused-intentionally-burying-covid-lab-leak-evidence

https://breakingthenews.net/Article/CME-to-launch-its-crypto-index-futures-on-Nasdaq/66295804