Good morning from Pharma and Biotech daily: the podcast that gives you only what's important to hear in Pharma and Biotech world.Pharma stocks had a turbulent day after Trump's tariff pause, with some stocks making a late-day recovery. However, there are concerns about potential FDA budget cuts that could severely impact drug access in the US. Biotech leaders are calling on Senator Cassidy to take action in response to these cuts, which have already caused delays and uncertainty in the regulatory process. Experts are warning that jeopardizing the FDA user fees program could have dire consequences.In other news, nonprofit organizations are playing a key role in driving innovation in healthcare. Tempest is currently seeking funding for a late-stage liver cancer asset, while Amgen's Uplizna has shown promising results in treating myasthenia gravis.Upcoming events include webinars on AI and regulation in drug development, as well as strategies for navigating the biotech downturn. On a less positive note, several biopharma companies have announced layoffs, including Vincerx and Reckitt Benckiser.Overall, the industry is facing challenges but also opportunities for growth and advancement.