EU trims exclusivity window for new drugs

The complexities of quantum investing are gaining attention as the financial sector recognizes quantum computing as a potential frontier in technology. This emerging field is characterized by its intricate principles that challenge traditional investment strategies, suggesting a shift in how investors approach technology-driven markets.

BP and Shell have faced significant setbacks in their attempts to pivot towards renewable energy, leading to substantial financial write-offs and a scaling back of their green initiatives. This trend highlights the challenges faced by major energy companies in transitioning to sustainable practices amidst market volatility.

The European Commission has proposed to exempt AI gigafactories and datacentres from mandatory environmental impact assessments, marking a significant shift in EU environmental policy aimed at accelerating critical project approvals. This proposal is part of a broader initiative to dismantle existing green regulations, which has raised concerns among environmental advocates.

The European Union is moving to outvote Hungary in a bid to immobilize Russian sovereign assets ahead of an upcoming summit, a strategy aimed at circumventing Hungarian Prime Minister Viktor Orbán's opposition. This decision reflects the EU's urgency to address the financial implications of the ongoing conflict with Russia.

Germany is positioning itself to actively participate in the race for the presidency of the European Central Bank (ECB), a role that has never been held by a German national. This ambition comes amid significant economic challenges facing the country, which has recently been labeled the 'sick man of Europe.'

On Tuesday, the stock market closed lower, with the Dow and S&P 500 both experiencing declines, while the Nasdaq Composite managed a slight increase of 0.1%. The S&P 500 ended the day down 0.09%, reflecting a reversal from earlier gains as concerns about economic conditions persisted. This downturn follows a mixed performance in recent trading sessions, where optimism had been buoyed by strong earnings from tech companies like Nvidia.

Meta has announced a policy change allowing users in the EU to opt out of personalized ads on Facebook and Instagram, a move aimed at complying with new digital regulations set by Brussels following a significant fine imposed on the company. This decision reflects Meta's efforts to align with evolving regulatory standards in the European market.

Thirteen Labour MPs voted in favor of initiating discussions on the UK potentially rejoining the EU customs union, as part of a bill proposed by the Liberal Democrats. The vote resulted in a tie, with 100 MPs supporting and 100 opposing the measure, highlighting a divided stance on this issue within Parliament.