Author: News Room

After more than three decades of planning and a $250 million investment, Lykos Therapeutics’ application for the first psychedelic drug to reach federal regulators was expected to be a shoo-in.Lykos, the corporate arm of a nonprofit dedicated to winning mainstream acceptance of psychedelics, had submitted data to the Food and Drug Administration showing that its groundbreaking treatment for post-traumatic stress disorder — MDMA plus talk therapy — was significantly more effective than existing treatments.At a pivotal public hearing last summer, two dozen scientists, doctors and trauma survivors told an F.D.A. advisory panel how MDMA-assisted therapy had brought marked relief from…

President Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing to crack down on fentanyl shipments into the United States.The tariffs, which Mr. Trump said on Monday were an “opening salvo,” come on top of levies that the president imposed during his first term. Many Chinese products already face a 10 or 25 percent tariff and the move will add a 10 percent tariff to more than $400 billion of goods Americans purchase from China each year.Mr. Trump had been…

Sixty-four people were inside the American Airlines regional jet carving a path through the evening sky from Wichita, Kan., to Washington D.C., on Jan. 29. A four-person flight crew. A lawyer eager to celebrate her 33rd birthday, seven hunting buddies and a Kansas farming couple visiting their daughter. Twenty-eight people returning from an elite figure skating camp, including skaters, their parents and coaches. As the plane, Flight 5342, was preparing to land, it collided with an Army Black Hawk helicopter carrying three soldiers, creating a fireball above the Potomac River and killing all aboard both aircraft. These are many of…

The head of “60 Minutes” told the show’s staff on Monday that he would not apologize as part of any prospective settlement in a lawsuit brought by President Trump against their network, CBS, according to people with knowledge of the remarks.The comments by Bill Owens, the executive producer who oversees the long-running news program, came as CBS’s parent company, Paramount, is pursuing settlement talks with Mr. Trump. The president is accusing the network of deceptively editing an interview with his rival, the Democratic candidate for president, Kamala Harris. Many legal experts have described the lawsuit as far-fetched and baseless.“There have…

President Trump on Monday delayed his planned tariffs on Canada and Mexico for 30 days after winning concessions from both countries to stem the flow of drugs and migrants into the United States, postponing, at least temporarily, a painful and potentially destabilizing trade war.Tariffs of 10 percent are still set to go into effect on China on Tuesday morning. Mr. Trump said on Monday that he was likely to talk with President Xi Jinping of China within the next 24 hours about a variety of contentious issues, and warned that the 10 percent tariff he has planned to impose was…

Europe, you’re next.That’s the latest message from President Trump, who has repeatedly said in recent days that he would slap punitive tariffs on the 27 members of the European Union.Tariffs “will definitely happen with the European Union,” Mr. Trump told the BBC Sunday evening, and they are coming “pretty soon.” He doubled down on the threat on Monday, complaining about deficits in auto and farm products, hours before new tariffs were expected go into effect on imports from Canada and China, with Mexico getting a one-month delay.“The European Union has abused the United States for years, and they can’t do…

The cost of using the Panama Canal has risen in recent years — excessively so, President Trump has asserted. The canal operator says droughts, investments in upgrades and sheer demand are among the reasons.But if Mr. Trump wrests lower canal fees out of Panama, American consumers may not feel much difference, because canal costs make up only a small part of the retail cost of most goods. One analysis concludes that going through the canal adds 10 cents to the cost of a coffee maker.Panama Canal shipping fees were not a big issue until Mr. Trump raised the matter last…

Senator Elizabeth Warren of Massachusetts sent a letter on Monday to Treasury Secretary Scott Bessent demanding answers for why the so-called Department of Government Efficiency was granted access to the federal payments system, giving Elon Musk and his team a powerful tool that could be used to track and potentially limit government spending.The letter is a sign of mounting outrage among Democrats over the unorthodox efforts that the Trump administration and Mr. Musk are preparing to take control of how congressionally approved funds are spent. The questions come after a career civil servant named David Lebryk abruptly resigned on Friday…

President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States.One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. The decision could shift the landscape for online sales from Chinese vendors like Shein and Temu that have swiftly expanded their market share by sending cheap goods into the United States.The president’s order erased a workaround that many companies have taken advantage of in recent years, particularly since Mr. Trump imposed…

In May, the 10-country Association of Southeast Asian Nations, known as ASEAN, will meet the six Middle Eastern nations that make up the Gulf Cooperation Council. The summit’s host, Malaysia, has invited China to attend.China is also poised to update its own free-trade agreement with ASEAN, which includes Cambodia, the Philippines, Indonesia and Vietnam. And trade and investment between ASEAN and India, the world’s most populous nation, is deepening.Britain, too, recently christened a new partnership. In December, it officially joined the trans-Pacific trade bloc, a group that includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and…