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Trump Announces Gene Therapy Approval, Navy Shake-up, Drug-Pricing Deal

4/25/2026

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Trump Announces Approvals
  • President Donald Trump announced FDA approval of Regeneron’s gene therapy Otarmeni, which restored hearing in nine of twelve trial children.
  • John Phelan was dismissed as U.S. Navy Secretary on April 23, 2026, with Vice Admiral Hung Cao named as his successor.
  • The removal followed disputes over naval shipbuilding and outsourcing linked to the AUKUS submarine program.
  • Trump announced a drug-pricing agreement to bring U.S. prices in line with other developed nations.
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