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  • Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

    Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

    Oct 18 (Reuters) – Chinese tech giants, including Alibaba-backed Ant Group (688688.SS), opens new tab and e-commerce group JD.com (9618.HK), opens new tab, have paused plans to issue stablecoins in Hong Kong after the government raised concerns about the rise of currencies controlled by the private sector, the Financial Times reported on Saturday.

    Companies have put their stablecoin ambitions on hold after receiving instructions from Chinese regulators, including the People’s Bank of China and Cyberspace Administration of China, not to move ahead with the plans, the FT reported, citing people familiar with the matter.

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    Hong Kong’s legislature passed a stablecoin bill in May that established a licensing regime for fiat-referenced stablecoin issuers in Hong Kong, providing regulatory clarity for future participants.

    Under the new regime, any person who issues stablecoins in Hong Kong – or issues stablecoins backed by Hong Kong dollars, whether within or outside the city – must obtain a licence from the Hong Kong Monetary Authority.

    Ant Group said in June it would be participating in the pilot stablecoin programme. JD.com has also said it would take part in the pilot, according to the FT.

    PBOC officials advised against participating in the initial rollout of stablecoins over concerns about allowing tech groups and brokerages to issue any type of currency, the FT report said.

    Reuters could not immediately verify the report. Ant Group, JD.com, PBOC, CAC and HKMA did not respond to requests for comment.

    Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually pegged to a fiat currency such as the U.S. dollar, are commonly used by crypto traders to move funds between tokens.

    Reporting by Chandni Shah in Bengaluru, Editing by Franklin Paul, Michael Perry and Christian Schmollinger

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Inter Miami’s Lionel Messi wins 2025 MLS Golden Boot presented by Audi

    Inter Miami’s Lionel Messi wins 2025 MLS Golden Boot presented by Audi

    The iconic No. 10 tallied 3g/1a during Saturday’s 5-2 Decision Day victory at Nashville, giving him 48 goal contributions this year – narrowly shy of Carlos Vela’s MLS-record 49 for LAFC in 2019.

    Now, Messi looks poised to…

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  • Witkoff felt ‘betrayed’ by Israeli attack on Hamas in Qatar – Dawn

    1. Witkoff felt ‘betrayed’ by Israeli attack on Hamas in Qatar  Dawn
    2. Trump had to choose between Israel and Qatar. He chose Qatar  Financial Times
    3. Negotiators share Trump’s reaction to setback in hostage deal  CBS News
    4. “60 MINUTES’” LESLEY…

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  • Karachi, Hyderabad face dengue outbreak as cases spike alarmingly – Dawn

    1. Karachi, Hyderabad face dengue outbreak as cases spike alarmingly  Dawn
    2. At least 71 new dengue cases confirmed in KP; experts link rise to climate change  Dawn
    3. Dengue surveillance of junkyard ordered  The Express Tribune
    4. Dengue outbreak sparks alarm…

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  • EROAD (NZSE:ERD) Is Down 31.9% After Guidance Cut and North American Impairments – What’s Changed

    EROAD (NZSE:ERD) Is Down 31.9% After Guidance Cut and North American Impairments – What’s Changed

    • In a recent announcement, EROAD downgraded its fiscal 2026 revenue guidance, reported up to NZ$150 million in North American asset impairments, and outlined a renewed focus on Australia and New Zealand alongside scaled-back North American activities.

    • This shift comes as challenges in North America, including a key customer loss and slower enterprise sales, prompt the company to reallocate resources toward emerging opportunities in its core markets.

    • With the company’s refocus on electronic road user charging in Australia and New Zealand, we’ll examine how this shapes EROAD’s investment narrative.

    Trump’s oil boom is here – pipelines are primed to profit. Discover the 22 US stocks riding the wave.

    To be comfortable holding EROAD shares right now, you’d need conviction in its ability to execute a fresh regional pivot following major shortfalls in North America. The company’s reset, moving growth focus and resources to Australia and New Zealand’s road user charging opportunities, marks a fundamental shift in its investment story. While previous catalysts centered on U.S. expansion and telematics innovation, the market’s sharp reaction to asset impairments and guidance cuts suggests near-term growth drivers will depend on how quickly EROAD can win or retain clients and secure contracts linked to new charging regimes in its home markets. The immediate risk is execution: reestablishing momentum in Australia and New Zealand is not guaranteed, and the heavy NZ$150 million impairment underscores uncertainty over any future North American contributions. The recent share price drop signals these risks are now firmly front and center for investors. On the flip side, the road to recovery in core markets comes with its own hurdles investors need to keep front of mind.

    Despite retreating, EROAD’s shares might still be trading 43% above their fair value. Discover the potential downside here.

    NZSE:ERD Community Fair Values as at Oct 2025

    Seven members of the Simply Wall St Community estimate EROAD’s fair value anywhere from NZ$1.20 to NZ$4.96 per share. This wide range reflects big differences in expectations around EROAD’s growth rebound in Australia and New Zealand after its US setback. Comparing such varied outlooks with the company’s new strategic focus, it pays to see how your own view lines up.

    Explore 7 other fair value estimates on EROAD – why the stock might be worth over 2x more than the current price!

    Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    • A great starting point for your EROAD research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

    • Our free EROAD research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate EROAD’s overall financial health at a glance.

    These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include ERD.nzse.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Pembrolizumab Plus Lenvatinib Shows Encouraging Efficacy in Uveal Melanoma | Targeted Oncology

    Pembrolizumab Plus Lenvatinib Shows Encouraging Efficacy in Uveal Melanoma | Targeted Oncology

    The combination of pembrolizumab (Keytruda) and lenvatinib (Lenvima) elicited promising progression-free survival (PFS) outcomes in patients with uveal melanoma who were both HLA-A*02:01–negative and –positive with a manageable safety profile, according to findings from the phase 2 PLUME trial (NCT05282901) presented at the 2025 ESMO Congress.1

    The study met its primary end point in both patient cohorts, with an observed PFS rate of 31.8% at 27 weeks (95% CI, 13.9%-54.9%) in patients who were HLA-A*02:01–negative and naïve for treatment with tebentafusp (Kimtrak). In patients who were HLA-A*02:01–positive and were pretreated with tebentafusp, the PFS rate at 27 weeks was 60.7% (95% CI, 40.6%-78.5%).

    “It was observed in phase 3 studies of tebentafusp2 that treatments administered after tebentafusp might display improved activity compared [with] historical data,” said Manuel Rodrigues, MD, medical oncologist at Institut Curie and presenter of the PLUME data.1

    The combination of lenvatinib and pembrolizumab “showed encouraging activity, especially in patients previously treated with tebentafusp, suggesting potential synergy between these treatments,” Rodrigues added.

    Regarding safety, the overall profile was consistent with prior trials involving pembrolizumab and lenvatinib. There were no treatment-related deaths. With lenvatinib, 76% of patients held the dose, 26% had dose reductions, and 4% discontinued. With pembrolizumab, 22% of patients held the dose and 4% discontinued.

    The most common any-grade treatment-related adverse events were fatigue (81.8% in the tebentafusp-naive cohort vs 69% in the pretreated cohort), hypertension (77.3% vs 69%), diarrhea (45.5% vs 65.5%), hypothyroidism (45.5% vs 65.5%), arthralgia (40.9% vs 58.6%), cytolytic hepatitis (40.9% vs 58.6%), mucositis (45.5% vs 41.4%), dysphonia (31.8% vs 44.8%), and abdominal pain (27.3% vs 44.8%).

    While the findings were promising, Rodrigues urged caution when interpreting the results, due to the small sample size and single-arm design. Rodrigues noted that biomarker analyses and real-world comparisons were ongoing to further refine patient selection.

    What Was the Design of the PLUME Study?

    PLUME was an academic, monocentric, single-arm phase 2 trial conducted at the Institut Curie in Paris, France.A total of 51 patients who were naïve to immune checkpoint inhibitors were enrolled and split into 2 cohorts by HLA-A*02:01–negative (n = 22) and –positive/pretreated with tebentafusp (n = 29).

    Treatment consisted of pembrolizumab 200 mg intravenously every 3 weeks for a maximum of 35 cycles and lenvatinib 20 mg orally daily until progression. Chest, abdomen, and pelvic CT scans and liver MRIs were mandatory every 9 weeks. The primary end point was 27-week PFS (after 9 cycles).

    What Was the Rationale for the PLUME Study?

    As Rodrigues explained in his presentation, uveal melanoma has a unique biology to melanoma of the skin, with one-third of patients developing metastases and over 90% of those patients developing liver metastases. The current median overall survival (OS)is about 20 months.

    Tebentafusp, a bispecific TCR–anti-CD3 fusion protein targeting gp100, was the first therapy to improve OS in patients with metastatic uveal melanoma; however, the benefit is limited to patients who are HLA-A*02:01–positive, which is about 45% of patients. Further, checkpoint inhibitors like pembrolizumab have shown limited efficacy due to low mutational burden and an immunosuppressive microenvironment.

    The rationale of adding lenvatinib lies in its VEGFR/FGRF blockade that can normalize vasculature, reduce tumor-associated macrophages, and enhance T-cell infiltration. The combination of lenvatinib and pembrolizumab has shown promise in endometrial and renal cancers, where the combination has outperformed monotherapy.

    DISCLOSURES: Rodrigues declared personal financial interests with Immunocore, GSK, AstraZeneca, and Abbvie; institutional financial interests with Johnson & Johnson, Merck, and Daiichi-Sankyo; and nonfinancial interests with Merck, which provided product samples for the PLUME trial.

    REFERENCES:

    1. Rodrigues M. PLUME: A single-arm phase II trial of pembrolizumab plus lenvatinib in metastatic uveal melanoma (mUM). Presented at: 2025 ESMO Congress; October 17–20, 2025; Berlin, German. Abstract LBA58.

    2. Nathan P, Hassel JC, Rutkowski P, et al. Overall Survival Benefit with Tebentafusp in Metastatic Uveal Melanoma. N Engl J Med. 2021 Sep 23;385(13):1196-1206. doi: 10.1056/NEJMoa2103485.

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  • Itch.io down? How to fix ‘Error 1200’

    Itch.io down? How to fix ‘Error 1200’

    Published on: Oct 19, 2025 08:31 am IST

    Itch.io is currently down for hundreds of users across the United States. Many users reported ‘Error 1200.’

    Itch.io is currently down for hundreds of users across the United States. Many…

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  • Einstein’s overlooked idea could explain how the Universe really began

    Einstein’s overlooked idea could explain how the Universe really began

    How did the universe come into existence, and what early processes shaped everything that followed? A new study published in Physical Review Research takes aim at this fundamental question. Scientists from Spain and Italy have introduced a model…

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  • Nintendo, Capcom stepping up efforts to bring game worlds to big screen

    Nintendo, Capcom stepping up efforts to bring game worlds to big screen

    OSAKA – Major Japanese game developers Nintendo Co. and Capcom Co. are stepping up efforts to bring their iconic game characters and worlds to the big screen.

    Nintendo plans to release the animated film “The Super Mario Galaxy Movie” in…

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  • IHC office objects to KP CM’s plea for meeting Imran – Dawn

    1. IHC office objects to KP CM’s plea for meeting Imran  Dawn
    2. Shehbaz assures cooperation as Afridi takes K-P helm  The Express Tribune
    3. Politics over peace  The News International
    4. Imran Khan grants authority to CM Afridi for cabinet formation  samaa…

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