The World Trade Organization (WTO) is planning a 10% budget cut due to member states, including the United States, failing to pay their dues. This financial strain may lead to hiring freezes and the reduction of short-term staff. Separately, the U.S. Food and Drug Administration (FDA) has approved VEPPANU (vepdegestrant), a novel PROTAC therapy developed by Arvinas and Pfizer, for treating specific types of advanced or metastatic breast cancer. AI
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RANK_REASON Significant policy change at an international organization and a notable drug approval.