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(RTTNews) – Processa Pharmaceuticals, Inc. (PCSA), a clinical-stage biotechnology company, announced it will acquire privately held Vidya Therapeutics, Inc. and simultaneously raise approximately $200 million through a private financing. Vidya’s lead candidate, VT-7208, is a next-generation CNS-penetrant Bruton’s tyrosine kinase inhibitor (BTKi) being developed for immune-mediated diseases like food allergy, chronic spontaneous urticaria (CSU), and relapsing multiple sclerosis (RMS). The acquisition strengthens Processa’s pipeline and positions the company to advance multiple Phase 2 proof-of-concept studies, with top-line data expected between 2027 and 2028. Under the terms of the transaction, Vidya stockholders will receive 558,398 shares of Processa common stock, 142,744.100…

Google (GOOGL) continues to trade within a corrective Elliott Wave structure after completing wave (C) of (W) near 312. The stock has since turned higher and appears to be developing a corrective recovery. The current structure suggests that GOOGL may continue higher in wave (A), with wave 5 still expected to complete the first leg of the bounce. After that, we expect a pullback in wave (B), which should unfold in at least three swings. Once wave (B) completes, GOOGL could turn higher again in wave (C) and complete the larger ((X)) correction.The projected path suggests that the wave (C)…

Four scenariosThe economic arguments have dropped into the background, and the game theory of today’s meeting is the more relevant discussion as the question is simply: Will Warsh get the committee onside for an inflation credibility rebuilding exercise that starts today? Or is this the same old Fed that promises inflation will definitely, for sure, totally be back to 2% in two years and keep rolling that “forecast”?With the hike still priced in the 25%/30% area, but intellectual momentum building for a hike, the outcome where they go 25bps is a surprise but not a complete shock. Warsh sounded like…

British Pound languishes below 1.3300 heading into Fed and BoE decisionsThe British Pound (GBP) has given away previous gains against the US Dollar (USD) on Wednesday and remains practically flat in the daily chart, trading below 1.3300 and on track to complete a nearly 1.20% decline over the last two weeks. Growing concerns about UK PM Burnham’s welfare reforms and an adverse monetary policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) are hammering the Pound ahead of key monetary policy decisions.In a few hours, the Fed will likely stand pat on rates, although markets foresee…

XAU/USD Current price: $ 4,082A pause in Middle East tit-for-tat attacks pushed Oil prices lower.The macroeconomic calendar features central banks’ decisions this week. XAU/USD is neutral in the near term, still struggling to run past $4,100. Spot Gold gapped higher at the beginning of the new week, as a pause in Middle East hostilities underpinned the mood and weighed on the US Dollar (USD). The XAU/USD pair traded as high as $4,116.20 during Asian trading hours, following a pause in strikes between Iran and the United States (US). News brought relief, despite traffic through the Strait of Hormuz remaining restrained,…

Gold is challenging the $4,050 level early Tuesday, extending the pullback from above $4,100, as sellers remain in control ahead of the two-day US Federal Reserve (Fed) monetary policy meeting, starting later in the day.     Gold: Vulnerable as Fed rate hike bets offset Iran war pauseGold is in the red for the second consecutive day so far this Tuesday, undermined by the recent demand for the US Dollar (USD).The Greenback staged a solid comeback across the board on Monday, now holding close to three-week highs, helped by growing market expectations that there remains a real risk of the Fed opting for…

The Trump administration is again shifting its stated rationale for placing comprehensive tariffs on imports of nearly all goods from virtually all countries. After originally presenting such measures as responses to a national emergency and next as remedies for balance-of-payments problems, officials now characterize their latest effort as a tool to press other countries to intensify their efforts against forced labor. The first two approaches failed to achieve the administration’s objective of lasting world-wide US tariffs, and the third will probably fail as well. The planned tariffs to combat forced labor, which could start taking effect this week, again raise…

The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks.From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency. Here is how a series of inescapable economic fallouts pushed the currency into “extreme underperformance”, and what can be expected for the rest of the year.The Indian Rupee has fallen over 7% against the US Dollar (USD) year-to-date, trading above 96.00, very close to its all-time low…

Government borrowing costs have climbed sharply across the world as higher Oil prices revive inflation fears and force investors to reconsider whether the main central banks have finished raising interest rates.The sell-off has spread across the G10 space, lifting yields on everything from US Treasuries and British gilts to German Bunds, Japanese government bonds (JGB) and Australian debt (AGB). Although yields have started the week on a negative tone, they remain close to some of their highest levels in many months.The benchmark 10-year US Treasury yield briefly moved above 4.70% last week, reaching an 18-month high, while the 30-year yield…

New hostilities in the Middle East have lifted oil prices for the first time in four sessions and is snapping the three-day decline in European and US bond yields. The US dollar is mostly narrowly mixed against the G10 currencies.  Softer than expected CPI has reduced the perceived chances the Reserve Bank of Australia will hike rates again this year, after delivering three hikes in H1 26. The Australian dollar is at more than two-week lows today and is off almost 0.5%; the weakest in the G10. Among emerging market currencies, despite the continued volatility in the equity markets, the…