Fed keeps interest rates steady, says impact of Middle East war is ‘uncertain’
The Federal Reserve left interest rates unchanged on Wednesday, maintaining its wait-and-see approach after a series of cuts in late 2025. The Federal Open Market Committee kept its benchmark rate at 3.5%-3.75%. “Available indicators suggest that economic activity has been…
Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
It’s been almost exactly one year since Trevor Milton, the founder of now-bankrupt electric truck startup Nikola, was pardoned by President Trump. Now the Wall Street Journal has published one of the first deep dives into Milton’s new effort: trying…
Excalipoint debuts with $68.7m to progress TCE pipeline
Chinese biotech Excalipoint Therapeutics is looking to progress its pipeline of T-cell engager (TCE) therapies in immunology and oncology as it emerges with $68.7m in seed funding under its wing. Excalipoint, which operates under a NewCo model, obtained the financing…
