Tuesday, July 7, 2026
Hong Kong-listed Sino Biopharma, AstraZeneca sign respiratory drug deal worth up to $1.9 b
Hong Kong-listed Sino Biopharmaceutical said on Wednesday it has granted AstraZeneca the rights to develop a drug designed to treat chronic respiratory diseases outside China for total payments of up to $1.9 billion.
• Under the deal, AstraZeneca gets an exclusive license to develop, manufacture and commercialize the drug — TQC3721 — outside China, with additional exclusive global rights for certain future development programs.
• Designed to open airways and fight inflammation at the same time, TQC3721 aims to improve lung function and reduce severe flare-ups for patients with long-term respiratory conditions, Sino Biopharmaceutical said.
• The Hong Kong-listed firm is eligible to receive an upfront payment of $200 million, with additional development and other milestone payments.
https://finance.yahoo.com/healthcare/articles/hong-kong-listed-sino-biopharma-224848257.html
Iran said to attack US ships in Sea of Oman
Reports emerged that Iran launched anti-ship missiles against US warships in the Sea of Oman, amid continued US attacks on multiple sites across southern Iran.
Several missiles, as well as drones, were fired, but there was no further information. Official Iranian sources have not yet commented on the US attacks, which the media said were one of the strongest since the ceasefire was established between the two countries.
https://breakingthenews.net/Article/Iran-said-to-attack-US-ships-in-Sea-of-Oman/66650974
In San Diego, invasion of the Chiclet sellers
by Monica Showalter
Has wokester-run San Diego decided to become New Tijuana?
Apparently so.
According to the California Post, citing a piece in the San Diego Union-Tribune:
San Diego seems to have no solution to its illegal street vendor problem and it’s only getting worse in many areas including the popular Balboa Park and Gaslamp Quarter.
Local business leaders are frustrated following the January 2026 California appeals court ruling, which forced the city officials to entirely halt the crackdown on street vendors.
“It’s a disaster,” Denny Knox, executive director of the Ocean Beach Main Street Association, told the San Diego Union Tribune last week.
It's what's known as informalism and found in the third world -- shantytowns, potholes, cement, and Chiclet sellers apprehending passers-by on every boulevard; unlicensed, unmarked, unregulated.
The city attempted to stop it in 2022 because merchants, who pay taxes, were moving out as hot dog and Mexican food vendors moved in, taking their business. That left empty storefronts, and jammed streets with food carts run by illegals who pay no taxes, respect no regulations, follow no food-safety standards, and don't bother with sanitation requirements, in striking contrast to those businesses which are forced to pay taxes, maintain sanitation and food safety, and shell out for high labor costs.
A permitted longtime vendor sued, and the judges ruled that it went against the state's Safe Sidewalks Vending Act which 'decriminalized' unregulated sidewalk vendors.
Not surprisingly, once that ruling rolled out early this year, the Mexican cartels moved in and now most of these carts are likely cartel-owned and operated.
Which is pretty ugly, given that legitimate businesses are being forced to close their doors while cartel operators wash their hot dogs in filthy water and leave them unrefrigerated in the sun. Such fine tourist options, catching 'turista' even on this side of the border.
But the bigger problem is that city doesn't have a clue as to how to handle this, with obvious results.
One, they could have appealed the ridiculous ruling from the appeals court leftists who overturned the original case as worthless, and they didn't do that.
Two, instead of focus on permitted areas, which is where the dispute was, they could have focused on permits themselves, allowing only permitted vendors to do what they wanted, not the incoming cartel carts.
But they have done neither, and now the paralysis is obvious.
What a sorry, and dangerous situation, given the cartel activity.
It goes to show that one more blue-city government is really overdue for a throw-out. Here in San Diego, we can only hope.
https://www.americanthinker.com/blog/2026/07/in-san-diego-invasion-of-the-chiclet-sellers/
US official says strikes targeted Iranian air defenses, missile and drone sites
A US official told Reuters on Tuesday that the latest US strikes in Iran targeted Iranian air defense systems, coastal surveillance systems, surface-to-air missile sites, anti-ship cruise missile sites and drone launch sites.
Kuwait hit by power outages
Kuwait's Ministry of Electricity, Water, and Renewable Energy said that power has been cut in several areas of the country as a result of power transmission lines going offline.
"Emergency and technical teams immediately deployed under the ministry's contingency plan to pinpoint the root cause of the grid failure, monitor the situation, and expedite full power restoration, the ministry stated," the ministry said.
At the same time, unconfirmed reports in the Iranian media claimed that power outages also occurred in Bahrain, coinciding with US strikes on southern Iran.
https://breakingthenews.net/Article/Kuwait-hit-by-power-outages/66650827
US strikes said to be 4-5 times bigger than 10 days ago
The latest round of strikes carried out by the United States military against Iran was said to be four to five times larger than those conducted 10 days earlier, Axios reported, citing a US official.
The official told the news agency the targets included Iranian air-defense systems, coastal surveillance sites, missile batteries, drone launch facilities and port infrastructure.
The new attacks followed three Iranian attacks on commercial ships earlier this week, breaking a pause in hostilities that began after Washington and Tehran signed a memorandum of understanding with Iran last month.
https://breakingthenews.net/Article/US-strikes-said-to-be-4-5-times-bigger-than-10-days-ago/66650830
Fed proposes changes to anti-money laundering rules for banks; Barr dissents
The Federal Reserve Board on Tuesday requested comment on a proposal to amend requirements for banks to maintain anti-money laundering programs to align with programs proposed by four other government agencies, the regulator said Tuesday.
Among the suggested changes, banks would focus their anti-money laundering, or AML, resources based on risk, with more attention devoted to higher-risk customers and activities.
It would also require banks to incorporate the Financial Crimes Enforcement Network's (FinCEN) AML priorities into their risk assessment processes. Under the proposal, once a bank has established an AML program, the Fed would focus supervision and enforcement activities on significant failures to implement the program, the regulator said.
Federal Reserve Governor Michael Barr, who had been vice chair for supervision, said he couldn't vote for the proposal to amend the AML rule "because of the introduction of a new, undefined standard for issuing matters requiring attention and for enforcement actions." He said he's concerned that the "significant or systemic" standard may have unknown effects on the Fed's ability to effectively substantiate that a supervised institution establishes and maintains AML and CFT (countering the financing of terrorism) programs in compliance with the rule.
The other agencies proposing changes to align with one another are FinCEN, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the National Credit Union Administration.
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