Iran's foreign ministry said Foreign Minister Araghchi held a phone call with Turkey's foreign minister to discuss recent developments and regional issues.

LPL Financial chief economist Jeffrey Roach said Fed Chair KEVIN WARSH and other C.BANK members have built a reputation for focusing on curbing inf. Given current economic conditions, the C.BANK has done what was required. If geopolitical tensions ease, discussion of inf may shift to the degree of improvement.

China has approved 59 innovative drugs year-to-date, including 13 with novel mechanisms or targets, signaling steady gains in original innovation capacity. From January–August there were 113 biopharma business-development deals nationwide totaling $119.997 billion; Shanghai led with 37 deals, or 33% of the national total. Shanghai’s biopharma sector reached 500.566 billion yuan in 1H2025 and is forecast to exceed 1 trillion yuan in 2026, becoming the city’s fifth trillion-yuan industry cluster.