The FDA is exploring whether testosterone therapy indications could be expanded to include low libido in women, a move that would formalize a clinical use currently handled largely off-label. The agency's interest signals a potential shift in how it evaluates hormonal treatments for female sexual dysfunction, a category with limited approved options. Separately, the GLP-1 drug class faces an emerging scientific challenge: researchers who helped establish GLP-1 as the dominant obesity target are now arguing that dual GIP-glucagon pathways may deliver comparable or superior weight loss with fewer side effects, including reduced nausea and fewer dosing constraints. That debate carries direct commercial weight as the obesity drug market expands. Against that backdrop, Kailera Therapeutics completed the largest-ever IPO for a drug company, raising $625 million. Kailera is advancing obesity drugs licensed from China, entering a market where the durability of GLP-1 dominance is now actively contested by early-stage animal data pointing toward alternative mechanisms.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
