Bloomberg Business

Biogen ALS Drug May Have Treatment Effect, FDA Staff Says

Biogen Inc.’s studies of its drug for a rare form of amyotrophic lateral sclerosis suggest the drug has a “treatment effect,” the Food and Drug Administration’s staff said in documents released ahead of a meeting out of outside advisers this week.

Venezuela-US Detente Sparks Jump in Asian Fuel-Oil Margins

Profits from making one of the world’s dirtiest fuels are soaring in Asia as Chinese refiners snap up replacement feedstocks for dwindling Venezuelan oil shipments after a partial sanctions reprieve allowed exports to the US to resume.