DAILY UPDATE: MDMA, Stellantis & Zelle While Correlation is not Causation

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The FDA declined to approve MDMA as a PTSD treatment, which would have been a big step forward for psychedelics use in mental health care, saying further study is needed. But the agency did approve a nasal spray to treat severe allergic reactions as an alternative to shots like EpiPen.

Stellantis will lay off 2,450 factory workers this year as it phases out an older version of its Ram pickup truck.

CITE: https://tinyurl.com/2h47urt5

Scams via Zelle, the payment service you turn to when you run out of wedding gift ideas, are the subject of an ongoing inquiry by the Consumer Financial Protection Bureau (CFPB), the Wall Street Journal reported this week. Zelle was founded in 2017 by seven of the biggest US banks to compete with peer-to-peer payment apps like Venmo and Cash App. It outgrew its rivals but became a magnet for scams, which customers typically don’t get reimbursed for.

CITE: https://tinyurl.com/tj8smmes

Correlate: A website that shows spurious correlations.

Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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DAILY UPDATE: Rx MDMA

By Staff Reporters

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A psychedelic drug could be an effective treatment for PTSD, according to research published in Nature Medicine this week.

MDMA, aka “ecstasy” or “molly,” combined with therapy, was shown to produce a “clinically meaningful” improvement for almost 90% of treated patients with moderate and severe PTSD.

MORE: https://nida.nih.gov/publications/research-reports/mdma-ecstasy-abuse/what-mdma

The encouraging results put the currently illicit substance on a path to becoming a prescription drug if US regulators approve it for widespread clinical use.

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