Trump Plans to Fire FDA Commissioner, Biotech Stocks Affected
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.WAR WITH IRAN:Iran's state news agency IRNA reported Sunday that the country sent its response to the latest proposed U.S. draft agreement for ending the war,The Wall Street Journal. The current phase of negotiations is focused exclusively on the cessation of hostilities in the region, said IRNA, which gave no further details of the Iranian response.Meanwhile, President Donald Trump stated in a Truth Social, "I have just read the response from Iran's so-called 'Representatives.' I don't like it - TOTALLY UNACCEPTABLE! Thank you for your attention to this matter."AI SECURITY ORDER:The White House is planning to order U.S. agencies to partner with AI firms to protect networks from AI-enabled cyber attacks, though the order would stop short of mandating government approval for cutting-edge models, Bloomberg's Maggie Eastland and Courtney Subramanian, citing people familiar with the mater. A draft directive from President Trump would overhaul existing cybersecurity information-sharing programs to include AI companies and address threats posed by the emerging tech, the authors note. Companies in AI software include Alphabet, Meta, OpenAI, and Anthropic.FDA COMMISSIONER:President Trump has signed off on a plan to fire Food and Drug Administration Commissioner Marty Makary, following a tumultuous period for the regulator that included clashes over vaping, abortion and drug policy, The Wall Street Journal's Liz Essley Whyte, citing people familiar with the matter. Makary is seen by other top administration leaders as struggling to manage his agency, sparring frequently with health department officials and at times the White House, the author notes. Biotech stocks that could be impacted by the news include Moderna, Sarepta, Xencor, PTC Therapeutics, Biohaven, Edgewise Therapeutics, Design Therapeutics, Ultragenyx, Avidity Biosciences, Dyne Therapeutics, Wave Life Sciences, MeiraGTx, uniQure, Regenxbio, Novavaxand Lexeo Therapeutics.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 380.340
Low
305.00
Averages
374.25
High
400.00
Current: 380.340
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
Amazon's Massive Investment in Cloud Computing
- Amazon's Cloud Investment: Amazon is set to invest a staggering $200 billion in its AWS cloud division to meet soaring demand, which is expected to drive its revenue growth rate to its best level in nearly four years, further solidifying its market leadership.
- Micron's Strong Performance: Micron increased its stake by about 11% in Q1, benefiting from sustained high demand for memory chips that has driven core product prices up, resulting in record revenue and profits, indicating strong recovery potential for its business.
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See More
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- Portfolio Adjustments: Abel quickly made adjustments to the stock portfolio after taking office, demonstrating his keen insight into market dynamics, which could impact Berkshire's long-term returns.
- Positive Market Reaction: Based on morning stock prices from May 29, 2026, Abel's investment decisions have elicited a positive market response, potentially boosting investor confidence in Berkshire's future performance.
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See More
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- Quantum Computing Investment Commitment: IBM has pledged to invest over $10 billion in quantum computing over the next five years, aiming to develop fault-tolerant quantum computers by 2029, highlighting its long-term strategic positioning in this cutting-edge technology.
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See More
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- Cybersecurity Cooperation: The EU has held several productive meetings with Anthropic to gain a clearer understanding of the potential risks posed by Mythos technology, reflecting the EU's proactive stance on tech sovereignty.
- Technology Risk Warning: Mythos can uncover thousands of previously unknown software vulnerabilities, raising significant alarm among governments, banks, and tech firms upon its initial release, highlighting its potential misuse in cybercrime.
- International Cooperation Outlook: The EU has already gained access to OpenAI's GPT-5.5-Cyber model, indicating that international collaboration and regulation in the AI technology sector are gradually strengthening.
See More
Anthropic Extends Access to AI Model Mythos for EU
- Access Expansion: Anthropic is extending access to its advanced AI model Mythos to the EU after weeks of negotiations, aiming to address cybersecurity concerns and enhance technological transparency.
- Security Concerns: The European Commission confirmed that it held several productive meetings with Anthropic, although the specific terms of the agreement remain unclear, indicating the EU's serious consideration of potential risks associated with AI technology.
- Government Permission Requirement: To gain access to Mythos, the EU had to seek permission from the U.S. government, reflecting America's dominant position in the AI sector and its strict controls over technology exports.
- Cybersecurity Challenges: The Mythos model excels at identifying software vulnerabilities, yet its potential for misuse has raised significant alarm among governments and corporations, prompting increased regulatory scrutiny and collaboration on AI technologies.
See More
