The Advisory Committee on Immunization Practices (ACIP), made up of members recently hand-selected by Health and Human Services Secretary Robert F. Kennedy Jr., voted 5-1 on Thursday to recommend against flu vaccines containing the preservative thimerosal.
One committee member, Vicky Pebsworth, abstained on each vote.
A few moments before, the CDC's vaccine advisory committee voted 6-0 to recommend all Americans aged 6 months and older receive an annual influenza vaccine.
President Trump’s border czar Tom Homan ripped into Zohran Mamdani’s mayoral campaign promise to “kick the fascist ICE out of New York City,” telling the Democratic socialist that it’s “game on.”
Homan, whom Trump tapped to serve as his top immigration enforcer, called out Mamdani on Wednesday — one day after the 33-year-old Queens assemblyman declared victory in the NYC Democratic primary.
Mamdani has vowed to “Trump-proof” the Big Apple if he is elected mayor, claiming the president has “deployed ICE agents to pluck New Yorkers from their families,” according to his campaign website.
Homan had a short, sweet response to Mamdani’s promise.
“Good luck with that,” Homan told Larry Kudlow during his appearance on Fox Business’ “Kudlow.”
“Federal law trumps him every day, every hour of every minute,” Homan added. “We’re going to be in New York City, matter of fact, because it’s a sanctuary city and President Trump made it clear a week and a half ago, we’re going to double down and triple down on sanctuary cities.
“We’re going to concentrate in sanctuary cities because we know they’re releasing public safety threats and national security threats back to the street, so we know we’ve got a problem there.”
Homan warned the dark-horse politician — who upset former Gov. Andrew Cuomo during Tuesday night’s primary — that ICE would have plenty of agents to round up illegal immigrants in the metropolis.
“We don’t have that problem in Florida, where the sheriffs work with us, so we’re going to double up and triple up on New York,” Homan said. “Not only are we going to send more agents to the neighborhood, we are going to increase worksite enforcement tenfold.”
Homan lauded current Mayor Eric Adams for helping ICE operations in New York.
“He wants to do the right thing, he wants to be a law-and-order mayor,” Homan said.
The White House official said Hizzoner wants the NYPD to work with federal agents on “significant public safety threats” and help find the 300,000 missing children trafficked in the US.
“He’s in the right mindset, it’s just that his hands are tied in many ways,” Homan said of the 64-year-old mayor, who will run as an independent.
In March, Mamdani made a scene inside the Statehouse, shouting at Homan as he walked the halls of the state capital, before publishing the footage six months into his primary campaign.
The Astoria, Queens, assemblyman was protesting ICE’s arrest of former Columbia University student and anti-Israel activist Mahmoud Khalil, who had been detained for lying on his visa forms.
ASCEND comprises two dosing regimens of certepetide evaluated in two separate study arms enrolled sequentially
Positive signal in progression-free survival and objective response rate observed in certepetide-treated group compared to placebo-treated group
Cohort B data corroborate Cohort A data indicating certepetide has a treatment effect and an attractive safety profile
Full study data from both cohorts expected later this year
Large U.S. global banks can expect as much as $6 trillion in additional balance sheet capacity and billions in freed up capital under a Federal Reserve plan to relax leverage rules, Wall Street brokerages estimated on Thursday.
The U.S. Fed unveiled a proposal on Wednesday that would overhaul how much capital large global banks must hold against relatively low-risk assets, as part of a bid to boost participation in U.S. Treasury markets.
Shares of JPMorgan Chase (NYSE:JPM) advanced 1.3%, Morgan Stanley 1.2% and Goldman Sachs 1.6%, while Bank of America added 1% and Citigroup (NYSE:C) 1.5%. The S&P 500 Banks Index, which tracks large-cap U.S. lenders, rose 1.4%.
The plan, approved by a 5-2 Fed vote, marks the first in a possible series of deregulatory moves led by the central bank’s new vice chair for supervision, Michelle Bowman.
The proposal would reform the so-called "enhanced supplementary leverage ratio" so that the amount of capital banks must set aside is directly tied to how large a role each firm plays in the global financial system.
"SLR reform is the first of many capital proposals we expect over Michelle Bowman’s tenure," Morgan Stanley analysts led by Betsy Graseck wrote in a note. It forecast that the proposal could free up $185 billion for banks under its coverage.
TREASURY MARKET BOOST?
The supplementary leverage ratio requires banks to hold capital against all assets equally, including low-risk U.S. Treasuries - an approach critics said could discourage banks from holding government debt and limit their role in key funding markets.
Goldman Sachs analysts expects the rule change to free bank balance sheets by up to $5.5 trillion.
"The changes to the SLR calculation should increase the availability (and potentially lower the cost) of short-term, secured financing for market participants, improving liquidity in financial markets and the U.S. treasury market in particular."
Fed officials described the changes as a necessary fix to a rule introduced after the 2008 crisis, saying the leverage requirement had grown over time to occasionally limit bank activity, especially as government debt surged in recent years.
"The Fed’s proposal to calibrate eSLR should give the banking system meaningful capacity to expand its balance sheet in low-risk assets," analysts at brokerage Barclays said.
"It makes sense for banks to utilize the theoretical leverage capacity as long as the return from investing in low-risk assets/activity is sufficient," they said.
Prime Minister Sir Keir Starmer has said the trio of recent UK trade deals has “restored our identity” in a “volatile world”, as the Government laid out its new plan to better protect firms from rising threats to global trade.
Since Donald Trump’s tariff announcements in April, the UK has reached new agreements with the US, India and the EU.
Sir Keir said the deals showed “that even in this volatile world, Britain is proudly, unashamedly, defiantly even, open for business, and today’s trade strategy builds on that”.
The Government’s Trade Strategy aims to boost opportunities for UK businesses, particularly in the service sector, to export internationally, and vows to protect domestic firms from global threats to free trade.
It comes at a time of heightened uncertainty following Donald Trump’s tariff announcements in April, which have hiked charges on most US imports in a bid to boost home-grown production and support US businesses.
In the paper, ministers pledge to “confront the threat that protectionism poses to the UK by significantly upgrading our trade defence toolkit”.
This includes clamping down on unfair trading practices, such as the “dumping” of goods at low costs in foreign markets, which is believed to disadvantage domestic businesses.
In the wake of the tariff announcements, some British retailers raised concerns that Chinese products were being rerouted from the US and deposited on UK and European online marketplaces like Shein and Amazon.
Meanwhile, the strategy outlines measures to make it easier for UK firms to export, including reducing barriers to trading overseas and improving access to finance.
Sir Keir suggested he would pursue a series of small deals rather than solely focusing on major trade agreements with countries.
“But perhaps most importantly, in this uncertain and challenging world, we will also give ourselves new powers on trade defence,” he said.
“To make sure that if your businesses are threatened by practices like dumping, that we have the right powers to defend you.”
Business and Trade Secretary Jonathan Reynolds said: “The UK is an open trading nation but we must reconcile this with a new geopolitical reality and work in our own national interest.
“Our Trade Strategy will sharpen our trade defence so we can ensure British businesses are protected from harm, while also relentlessly pursuing every opportunity to sell to more markets under better terms than before.”
In the plan, the Government pledged to introduce new laws to expand its power to respond to unfair trade practices, guarding under-threat sectors such as steel.
Mr Reynolds said that a “central problem is a lot of global overcapacity, mainly coming from China, and some associated countries” in relation to steel production.
“If we want a steel industry in any Western European economy we’ve got to take appropriate measures to defend that,” he said.
“We obviously have a relatively smaller steel industry… I’m doing some work on that to make sure it doesn’t get any smaller.”
The Government has said it wants to hear from steel producers and businesses across the supply chain about how future trade measures and safeguards should be shaped.
Mr Reynolds stressed that leaders would “not sit by idly while cheap imports threaten to undercut UK industry”.
https://uk.finance.yahoo.com/news/trio-trade-deals-restored-identity-101257079.html
