Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said Continue Reading
Trump releases overdue funds for NY-NJ Gateway tunnel: Hochul
The Gateway Tunnel site near W. 30th St. and 11th Ave. in Hudson Yards, Manhattan on Oct. 23, 2025. Barry Williams | New York Daily News | Getty Images The Trump administration on Wednesday released the rest of the funds it had been withholding for the construction of a major Continue Reading
Fed minutes January 2026:
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now and could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared Continue Reading
Stocks making the biggest moves midday: WING, MCO, MSGS
Check out the companies making headlines in midday trading. Wingstop — Shares of the chicken wing chain jumped about 13% on an upbeat outlook . Wingstop said it sees flat to low-single digit domestic same-store sales growth for fiscal 2026. In the fourth quarter, the company’s same-store sales declined 5.8% Continue Reading
FDA agrees to review Moderna’s flu shot application after refusal
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision Continue Reading
Les Wexner congressional deposition underway
This Sept. 19, 2014 file photo shows retail mogul Leslie Wexner, at the Wexner Center for the Arts in Columbus, Ohio. Wexner is severing his last ties with the retail empire that he founded in 1963. Jay LaPrete | AP A congressional deposition of Leslie Wexner, one of Jeffrey Epstein’s Continue Reading
‘Worst paper I’ve ever seen’
White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that found U.S. companies and consumers are shouldering most of the tariff burden should be “disciplined.” In a CNBC interview, the National Economic Council director ripped the report, saying that central Continue Reading
Oil jumps after Vance says Iran ignored red line, strikes on the table
Oil prices rose more than 2% on Wednesday, after Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. U.S. crude oil rose $1.56, or 2.5%, to $63.89 per barrel. Global benchmark Continue Reading
More drugs should be over-the-counter
Food and Drug Administration Commissioner Marty Makary told CNBC that he believes “everything should be over-the-counter” unless a drug is unsafe, addictive or requires monitoring – doubling down on a push that some in the pharmaceutical industry have questioned. In an interview on Wednesday in Washington, D.C., Makary said the Continue Reading