TREE NEWS update: The U.S. Food and Drug Administration has ended a fast-track drug review program launched in June 2025, with FDA leadership telling stakeholders the National Voucher Program will not proceed even though applications remain open. Applications submitted will not advance through the process. HHS spokesperson Emily Hilliard said the pilot is still ongoing and the FDA is reviewing feedback from a June public hearing to refine its framework.
TREE NEWS update: Strategy and Metaplanet will be removed from MSCI indexes at the Nov. 30 close after being flagged by MSCI’s non-operating company screen. Strategy is the only one of 24 deletions from the USA Index not moving down to small cap. The two companies were singled out under the index provider’s criteria for non-operating firms.
TREE NEWS update: Chinese Premier Li Qiang chaired the State Council’s 22nd special study session on Nov. 12, focused on improving the multi-tiered social security system and tightening the social safety net. Li called for deeper reform of the social security system and stronger supervision of the safety and value preservation of social security funds, so that modernization gains reach all citizens more equitably.
TREE NEWS reports: TrendForce data show average contract prices for general-purpose DRAM rose 5.77% month-on-month to $26 in October, up sharply from $2.90 when tracking began in June 2016. The research firm forecasts PC DRAM contract prices will rise 13%–18% quarter-on-quarter in the fourth quarter. Industry researchers and memory-company executives expect the price rally to persist in the near term, with demand diverging across downstream markets and continued pressure on consumer electronics sales.
TREE NEWS reports: The market capitalization of major stablecoins fell by $14.2 billion over 30 days, marking the biggest such drop since June 2022, leaving crypto markets with “less fuel” to rally. The contraction in stablecoin supply signals reduced buying power available to digital-asset markets.
TREE NEWS reports: Whale address 0xc8b5 closed a long position of 190,952 NVDA shares valued at $30.67 million, taking a $2.45 million loss, Lookonchain monitoring shows. The closure was reported on November 12. NVDA is the ticker for Nvidia.
TREE NEWS reports: Bitcoin dropped below $73,000 on November 12, trading at $72,992.70 per coin. The move marked a 1.35% decline within the day.
TREE NEWS reports: A newly created wallet opened a 10x leveraged long position on 213,036 SOXL shares, with the position valued at $13.12 million, on-chain data from Lookonchain shows. The liquidation price for the trade is $60.7. The wallet’s identity and the timing of the transaction beyond the Nov. 12 report were not disclosed.
TREE NEWS update: Ukraine’s General Staff said on Nov 12 that its forces had struck five large Russian oil refineries since Oct 30, located in Omsk, Kirishi, Ryazan, Nizhny Novgorod and Yaroslavl. The Novokuybyshevsk and Saratov refineries were also hit. Ukraine said a fire broke out at the Omsk refinery after a Nov 11 attack; the plant has annual crude processing capacity of more than 21 million tonnes. The military said the strikes aim to cut Russian fuel supplies and war funding.
TREE NEWS update: Sens. Elizabeth Warren and Jeff Merkley have asked the White House to answer seven ethics questions by Nov. 23 regarding Gabriel Perez, an aide who settled federal charges over bets on the wording of President Trump’s speeches placed on Kalshi. The senators are probing whether Perez could receive clemency and how the case was handled.
TREE NEWS reports: U.S. spot Bitcoin ETFs recorded five consecutive days of net outflows, losing about $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday. The withdrawals came as investors retreated from risk assets following a turbulent week for markets, pushing November’s net outflows higher.
TREE NEWS update: Hengyi Petrochemical’s board approved two related-party transactions, including a plan for its wholly owned Zhejiang Hengyi Petrochemical subsidiary to buy a 51% stake in Shaoxing Keqiao Hengming Chemical Fiber from Fujian Kunyu Investment Partnership for a final cash price of 1.201 billion yuan. The board also approved an additional 3 billion yuan in funding support.
TREE NEWS update: Serbia’s central bank raised its key interest rate to 6% on Thursday, surprising markets that had expected it to hold at 5.75%. The 25-basis-point increase marks a tightening move by the National Bank of Serbia.
TREE NEWS update: Tianci Materials said its subsidiary Chizhou Tianci High-Tech Materials, or a unit of it, will invest up to 5 billion yuan of self-raised funds to build a project with annual capacity of 500,000 tons of electrolyte and supporting materials. The board approved the proposal at its eighth meeting of the seventh board on November 12, 2026.
TREE NEWS update: Binance Alpha launched a third airdrop of BSquared Network (B2) tokens on Nov. 12, allowing users holding at least 250 Alpha points to claim 72 B2 tokens on the Alpha activity page. Claiming costs 15 Alpha points, and users must confirm within 24 hours or forfeit the allocation. If rewards remain unclaimed, the points threshold will drop automatically by 5 points every 5 minutes.
TREE NEWS update: Tron, Tether and Chainalysis have formed a joint initiative called the Digital Crime Task Force to combat illicit crypto activity, including crimes aided by artificial intelligence. The three partners announced the alliance as a combined effort against AI-powered crypto crime. No financial terms or launch timeline were disclosed.
TREE NEWS update: Tron and Tether have brought in Chainalysis to track illicit USDT activity on the Tron network after the T3 crime unit was disbanded. The group will help law enforcement investigate suspicious transfers and freeze funds faster, focusing on illegal stablecoin flows.
TREE NEWS reports: Nvidia’s board is preparing to remove CEO Jensen Huang, the Wall Street Journal reported on Nov. 11, about 20 minutes after the New York Times disclosed a second extramarital relationship, with vice president of healthcare Kimberly Powell. Nvidia shares fell about 9% after hours. The board has reportedly contacted external recruiters. Huang holds about 3.56% of Nvidia, and six independent directors could vote to remove him.
TREE NEWS update: Yivite (Hangzhou) Aviation Technology signed a strategic cooperation agreement with CATL, under which CATL becomes the exclusive battery partner for Yivite’s manned and cargo eVTOL aircraft. CATL will supply high-energy-density, long-endurance and high-safety aviation power batteries for the aircraft.
TREE NEWS update: Fushite plans to issue convertible bonds to unspecified targets, raising up to RMB446 million, the company said. Proceeds will fund a fluid transmission intelligent manufacturing base project, a data center pipeline project and general working capital. The issuance is subject to regulatory approval.