Eli Lilly (LLY.N): pancreatic cancer therapy granted Breakthrough Therapy designation.

The office of the National Disaster Reduction and Relief Committee and the Ministry of Emergency Management dispatched a working group to inspect flood damage in Shaanxi amid a new round of persistent heavy rainfall. In coordination with the National Food and Strategic Reserves Administration, they allocated 65,000 central relief items — tents, folding beds, blankets and household emergency kits — to support rescue operations, evacuation and temporary resettlement of affected residents.

UK Financial Conduct Authority says it will exempt reporting requirements for 7 million financial instruments, saving firms about £32 million annually.