Good morning from Pharma and Biotech daily: the podcast that gives you only what's important to hear in Pharma and Biotech world.Roche has made a $1 billion investment in Oxford Biotherapeutics to gain access to their antibody-drug conjugate platform for cancer targets. Cargo has laid off 90% of its staff and is exploring potential business combinations. Trump is considering budget cuts to the CDC's HIV prevention program, which could impact HIV drugmakers like Gilead and Merck. The rise of GLP-1 weight loss drugs is compared to the early days of PD-1 inhibitors, with differences in the market suggesting history may not repeat itself. Sino Biological has developed recombinant antigens for the 2025-2026 influenza vaccine strains. Servier has acquired a solid tumor asset in a deal with Black Diamond.The text discusses the similarities between the rise of GLP-1 weight loss drugs and PD-1 inhibitors in the pharmaceutical industry. It also explores the impact of ongoing conflicts on drug development, highlights a new company, Mirador, focusing on inflammatory and fibrotic diseases, and looks at drugs facing patent cliffs. Additionally, it mentions Wacker Biotech as a partner for advanced therapies and provides updates on various pharmaceutical companies.Thank you for tuning in to Pharma and Biotech daily. Stay informed with us for more updates on the latest news in the industry.