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Clinical Trials

The FDA Cleared a Melanoma Drug It Twice Rejected. The Approval Defers the Hard Question to a Trial Still Running

The FDA accelerated-approved Replimune's RP1 for advanced melanoma after two rejections and a contentious 10-3 advisory vote. The approval does not resolve whether RP1 itself drives the durable survival benefit seen in its single-arm trial, that question now falls to a confirmatory trial years from reporting.

By James T.·8 min read
Medicare Policy

A Relabeling Meant to Invite Competition Gave an Old AbbVie Drug Seven More Years Before Price Negotiation

A Public Citizen report says CMS treated AbbVie's decades-old Creon as freshly protected biologic innovation after a purely administrative reclassification, delaying Medicare price negotiation by seven years on a drug that cost the program $1.49 billion in 2024.

By James T.·9 min read
Interest Rates

For Decades, Japan's Ultra-Low Rates Quietly Held Down U.S. Borrowing Costs. That Support Is Now Being Withdrawn

Japanese bond yields have hit multidecade highs, and Wall Street is preparing for capital repatriation. For thirty years Japan's near-zero rates functioned as an unlegislated subsidy to U.S. Treasury yields, and that subsidy is now ending on Japan's own timetable.

By Vasil V.·9 min read
Markets

Gold Isn't a Hedge Against Inflation. It's a Hedge Against a Central Bank That Can't Contain It

Gold fell roughly 25% in 2026 even as U.S. inflation hit a three-year high, embarrassing the popular belief that gold tracks inflation. What gold actually hedges is the market's confidence that a central bank can contain inflation, not the inflation rate itself.

By Vasil V.·9 min read
Tax Policy

The IRS's Expanding Online Accounts Are Genuinely Useful. The Question Is Whether They Add to Human Service or Replace It

The IRS keeps expanding its Business Tax Account, letting more organizations handle notices and payments online. The feature itself is a real improvement, but whether it helps or harms depends entirely on whether human service channels survive alongside it.

By Vasil V.·8 min read
Retirement

A Dividend Feels Like Free Income. It Isn't, and the Market Surge Is Forcing Retirees to Reckon With the Difference

A growth-led market surge has left dividend-focused retirees trailing the broad market, prompting many to reconsider. The rethink is worth having, but a dividend is closer to an automatic sale than free income, and either way is not a reason to chase last quarter's winner.

By Vasil V.·9 min read
Retirement

Selling Stocks for Bonds in Retirement Doesn't Lower Your Risk. It Swaps One Risk for Its Opposite

The standard advice to glide from stocks into bonds at retirement treats risk as one dial to turn down. It isn't. Bonds dampen the danger of an early crash while worsening the danger of outliving your money, and every allocation trades one for the other.

By Vasil V.·9 min read
Investing

Lime Went Public to Survive, Not to Celebrate. The Gap Between Its Adjusted Profit and Its Debt Wall Is the Story

Lime's IPO filing disclosed positive adjusted EBITDA alongside a "substantial doubt" going-concern warning. The gap between those two facts, not the listing itself, is what determines whether shared micromobility's leader has actually solved the sector's unit economics.

By Vasil V.·8 min read
Medical News

Tau May Harm Neurons by Running Their Mitochondria in Reverse. That's a Genuine New Lead, and a Familiar Long Shot

A Stanford-led study found that tau can drive electrons backward through neurons' mitochondria, generating the oxidative stress that damages them. The mechanism is specific and genuinely new, but it still faces the same distance from animal models to human treatment that has humbled nearly every Alzheimer's lead before it.

By James T.·9 min read
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