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FDA approves new pancreatic cancer drug that could extend patients’ lives

The Food and Drug Administration on Wednesday approved a groundbreaking new drug for advanced pancreatic cancer, offering U.S. patients a more effective treatment against one of the deadliest types of cancer. FDA officials gave expedited approval to the first-of-a-kind pill, called daraxonrasib, which blocks a mutated protein that fuels tumor growth in more than 90%…

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Canada’s tariffs target certain U.S. states. See which regions are most vulnerable.

Canadian trade officials acknowledge that the country’s retaliatory tariffs of up to 50% on $20 billion in American goods are intended to exert pressure on the Trump administration by targeting key U.S. states. Although the negotiators haven’t identified those regions, the tariffs could hit states in the Midwest and Northeast particularly hard, according to economists’ analysis…

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July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

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Nepal flash flood tears through valley leaving 400 tourists missing, including Americans

At least 22 people were killed and more than 380 listed as missing Wednesday in Nepal after flash flooding tore through valleys in the Himalayan country’s northern border areas, according to authorities. At least three U.S. nationals were among the 291 foreigners listed as missing, according to Nepal’s Tourism Board, citing information from tour companies. …

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