News

The Metals Company's plans for deep-sea mining face scrutiny and environmental concerns, with critics arguing it could violate international law and cause lasting damage to marine ecosystems. The company, however, is pushing forward with its application despite calls for a moratorium on deep-sea mining until ecological risks are better understood.

Vertical farming company Plenty, backed by Jeff Bezos, has filed for bankruptcy, joining a growing list of failed ventures in the industry. Meanwhile, restaurant chain Bar Louie has filed for Chapter 11 bankruptcy protection, citing rising food and labor costs as the main reasons for its financial difficulties.

President Donald Trump signed an executive order to revitalize the nation's capital, which included a fact sheet that listed cannabis decriminalization as a failed policy that "opened the door to disorder." This statement contradicts the overwhelming support for cannabis legalization among D.C. voters, who approved it in 2014.

The European Medicines Agency's committee has recommended against approving Eli Lilly's donanemab for the treatment of early symptomatic Alzheimer's disease, but the company plans to appeal the decision. This comes despite positive results from a recent study and could have implications for Biogen's Leqembi, which faces similar challenges.

The cryptocurrency market experienced a significant drop on Friday, fueled by renewed inflation fears and liquidations of nearly $444 million. Bitcoin's price tumbled below $85,000, raising questions about the continuation of the bull run, with analysts divided on the direction of future price movements.