Headlines

Pill and pipeline: US drug supply needs a China reality check

A quiet vulnerability sits at the heart of American health care. The United States — home to the world’s most innovative pharmaceutical sector — depends heavily on China for the active pharmaceutical ingredients used to manufacture its medicines. How heavily is debated. Some

Asia

Stablecoins, RWAs and Hong Kong’s interface moment

Why the real contest is no longer about crypto enthusiasm, but about payment rails, trade finance and the architecture of cross-border liquidity The loudest reading of stablecoins is still the wrong one. They are not becoming important because cryptocurrency has finally won

Asia

Hong Kong fire victims scour scorched homes for keepsakes

HONG KONG, April 20 - Victims of Hong Kong’s deadliest fire in decades began government-supervised visits to their ravaged former homes on Monday for the first time since the November blaze, looking to retrieve personal items that might have survived.

Asia

Pope Leo, Vance seek to mend fences after Trump feud

Pope Leo XIV and Vice President Vance on Saturday both said the presumed feud with President Trump was misinterpreted. “There’s been a certain narrative that has not been accurate in all of its aspects, but because of the political situation created when, on the first day of