President Trump signed an executive order directing federal agencies to accelerate access to psychedelic-based treatments, a move aligned with Health Secretary Robert F. Kennedy Jr.'s public advocacy for substances such as ibogaine as alternatives to conventional therapies for depression and other mental health conditions. The order signals a formal shift in federal posture toward a class of compounds that have remained largely restricted under existing drug scheduling law. Ibogaine, a psychoactive alkaloid derived from the iboga plant, has drawn clinical interest for treatment-resistant depression and opioid dependence but faces significant regulatory hurdles under Schedule I classification. The executive order's practical effect depends on how agencies, likely including the FDA and DEA, interpret and implement the directive, particularly whether it accelerates clinical trial pathways, expedites scheduling reviews, or enables broader compassionate-use access. Researchers and investors in the psychedelic therapeutics sector will be watching for follow-on regulatory guidance that translates the order's intent into enforceable policy change.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
