Wall Street Breakfast Top FDA exec ousted
9 snips
Nov 3, 2025 A top FDA executive was ousted over allegations of false statements and bribery related to a drug for lupus nephritis. Baidu's Apollo Go reached a remarkable milestone with 250,000 fully driverless rides weekly, outpacing its competitors. In technology news, Trump announced that only U.S. customers will have access to NVIDIA’s newest Blackwell chips, raising questions about international tech markets. Meanwhile, there's buzz surrounding Pony AI’s upcoming IPO details.
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Regulatory Fallout From Public Comments
- George Tidmarsh resigned amid accusations that he disparaged a drug and solicited a bribe against Arrhenia Pharmaceuticals.
- The episode highlights how regulatory leaders' statements can trigger legal and leadership crises for agencies.
Baidu Hits Driverless Ride Milestone
- Baidu's Apollo Go reported fully driverless rides at 250,000 per week as of October 31st.
- The figure places Apollo Go roughly on par with Waymo's disclosed weekly ride numbers earlier this year.
Pony AI's Discounted Hong Kong IPO
- Pony AI plans a Hong Kong listing raising about $863 million by pricing shares at HK$139.
- The planned price would represent roughly a 4% discount to its latest Nasdaq close, Bloomberg reports.