Trump Says He Is Firing Lisa Cook From Fed Board of Governors

Fortescue's profit dropped 41% due to declining iron ore prices, impacted by weaker Chinese demand amid a property sector slowdown. CEO Dino Otranto remains optimistic about China's long-term growth prospects.

Editor’s Note: This decline in profit highlights the challenges faced by mining companies due to fluctuating commodity prices and changing demand from major markets like China. Understanding these dynamics is crucial for investors and stakeholders in the mining sector.

President Trump announced the immediate firing of Fed governor Lisa Cook, who has stated she will not resign and plans to challenge the president's actions against the central bank.

Editor’s Note: This situation is significant as it highlights tensions between the White House and the Federal Reserve, which could impact economic policy and market stability.

Korean Air has placed its largest order for Boeing jets, coinciding with a summit between President Trump and President Lee. This significant move highlights the airline's growth strategy and commitment to expanding its fleet.

Editor’s Note: This order is a major milestone for Korean Air, reflecting confidence in the aviation market and strengthening ties between the U.S. and South Korea. It showcases the airline's ambition to enhance its operations and service offerings.

BioArctic has signed a $30 million agreement with Novartis to develop brain drug delivery technology. This partnership aims to enhance the effectiveness of treatments for neurological disorders.

Editor’s Note: This collaboration is significant as it combines BioArctic's innovative technology with Novartis's extensive resources, potentially leading to breakthroughs in how brain diseases are treated. The financial backing also highlights investor confidence in the future of neurological therapies.

Curasight has received approval to begin a clinical trial for a new treatment targeting brain cancer. This marks a significant step forward in their research efforts.

Editor’s Note: This approval is crucial as it opens the door for potentially groundbreaking treatments for brain cancer, a condition that affects many individuals. Advancements in this area could lead to improved outcomes and hope for patients.