FDA's Makary on Trump EO to Ease Access to Psychedelics
Bloomberg Markets·60-word summary·1 min read
FDA Commissioner Dr. Marty Makary highlighted President Trump's Executive Order to accelerate research and access to psychedelics, calling it an "historic moment." The order aims to facilitate faster development and approval processes for psychedelic therapies, reflecting growing interest in their potential medical benefits. The initiative marks a significant shift in regulatory approach, with no specific funding amounts mentioned.
Oil prices declined as Iran prepared to attend negotiations with the US in Islamabad, signaling potential progress before a ceasefire. The talks, set to take place soon, have influenced market sentiment, leading to a drop in oil prices. The outcome of these discussions could impact future oil supply and geopolitical stability in the region.
President Trump signed an executive order to expedite psychedelics research, boosting shares of Compass Pathways, AtaiBeckley, GH Research, and Definium Therapeutics. The FDA will issue expedited review vouchers for breakthrough therapies, reducing review time from six to two months. Compass CEO Kabir Nath discussed the order's impact on psychedelic medicine development.
BMO's Chief FX Strategist Mark McCormick stated on April 20, 2026, that it remains appropriate to be long the US dollar. He emphasized that the dollar's strength continues to be a favorable trade, reflecting ongoing confidence in the currency amid current macroeconomic conditions. McCormick's comments reinforce a bullish outlook on the dollar's prospects in the near term.
Michael Baron, co-president of Baron Capital, discussed the firm's entry into the ETF market and its investment in SpaceX during a Bloomberg interview. The conversation, which took place in April 2026, also touched on Elon Musk's ventures, including RONB and SpaceX, highlighting the firm's strategic focus on innovative space and tech investments.
Apollo Management's Andrew Gosden discussed the PRIV ETF, which has attracted over $800 million since its February 2025 launch. The fund focuses on high-grade private credit, reflecting growing investor interest in private debt markets. The ETF aims to provide diversified exposure to private credit assets, with assets expected to grow further.
Apple announced John Ternus will become CEO on September 1, replacing Tim Cook, who has led the company for 15 years. This leadership change marks a significant shift for the tech giant, with Cook stepping aside later this year. The move is expected to influence Apple's strategic direction amid ongoing macroeconomic challenges.
