Fiscal

• Helus Pharma reported its financial results for the first quarter of fiscal 2027, ending June 30, 2026, alongside key business updates. • The company appointed former Intra-Cellular Therapies President Michael Halstead as CEO to oversee late-stage development and future commercialization efforts. • Enrollment has been completed for the Phase 3 APPROACH pivotal study evaluating HLP003 for the treatment of Major Depressive Disorder (MDD).

• Helus Pharma has released its financial results for the first quarter of fiscal 2027 and shared recent business updates. • The company appointed Michael Halstead, the former President of Intra-Cellular Therapies, as its new Chief Executive Officer. • Halstead is tasked with guiding the company through the critical phases of late-stage development and eventual commercialization.

• US 30-year bond yields have climbed to their highest levels since 2007, signaling growing investor concern over the nation's financial stability. • This spike is driven by the country's increasingly unsustainable public finances and rising national debt levels. • The situation matters because it suggests the US may be approaching a fiscal crisis, mirroring a "gradual then sudden" path toward bankruptcy.

The diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding the PM’s policy promisesUK politics live – latest updatesOn the frequent occasions that John Healey would travel abroad as defence secretary, he was so determined to keep working he would get the crew to tether a desk to the inside of his military aircraft so he could read his papers.His diligence is one reason why Andy Burnham, the new prime minister, made Healey his unexpected pick for chancellor on Monday. Allies say others include their shared commitment to re-industrialisation and devolution. Continue reading...

Chancellor appointment and early policies avoid market meltdown but next week remains ‘moment of real peril’UK politics live – latest updatesAndy Burnham has not quite gone for Keir Starmer’s extreme caution in the run-up to entering No 10 – but he is certainly aware that any early wrong moves would cost him.Back in 2024, Starmer was criticised for his “Ming vase” strategy, where the leader treads very carefully so as not to drop a valuable metaphorical piece of china being carried across the room. Continue reading...

• Wharton expert Courtney Wiegand explains the relationship between the Congressional budget process and financial market responses. • The analysis highlights how equity markets react more positively when the "discount rate channel" is muted, allowing the boost to expected corporate cash flows to drive prices. • This research matters because it helps investors and practitioners navigate asset price volatility within an increasingly complex and polarized fiscal environment.

Economists including Jim O’Neill write an open letter calling for a single levy to replace six major taxesProminent economists including Andy Burnham ally Jim O’Neill, are urging him to pursue radical tax and spending reform, to “unlock the gridlock that plagues the country”.O’Neill joins Jonathan Portes, economics professor at Kings College London, and Danny Sriskandarajah, chief executive of the New Economics Foundation, in calling for bold action in an open letter. Continue reading...