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Financial TimesUS inflation jumps to 3.8% as Trump’s Iran war sends petrol prices soaringBloomberg MarketsUS Power Prices Climb 61% Faster Than Inflation as Demand SurgesBloomberg MarketsUS LNG Pioneer Charif Souki Vows He Will Never Go Public AgainFinancial TimesMusk made ‘hair-raising’ demands for control of OpenAI, Altman testifiesBloomberg MarketsIndia Books Phosphate Fertilizer at 40% Above Pre-War PricesBloomberg MarketsFrance’s Economy Is Succumbing to Iran War Shock, Survey ShowsBloomberg MarketsIran’s Kharg Island Oil Shipments Show First Prolonged Halt Since Start of WarBloomberg MarketsProvidence Equity Considers Acquisition of Gamma CommunicationsBloomberg MarketsECB Rate Hikes Increasingly Likely, Nagel Tells HandelsblattBloomberg MarketsJunk-Rated Firms Rush to Reprice Debt as Demand for Loans SurgesBloomberg MarketsBrazil Meat Left Out of EU Suppliers List in Risk to TradeBloomberg MarketsBoeing Bets Comeback on Trump, China and an Elusive New PlaneBloomberg MarketsInflation Climbs, Tech Cools and Dimon Warns on Market Exuberance | Open Interest 5/12/2026Financial TimesBlue Owl retail fundraising evaporates amid private credit concernsBloomberg MarketsRussia Sees 2026 Oil Output Flat as Kyiv Steps Up Drone StrikesFinancial TimesUS inflation jumps to 3.8% as Trump’s Iran war sends petrol prices soaringBloomberg MarketsUS Power Prices Climb 61% Faster Than Inflation as Demand SurgesBloomberg MarketsUS LNG Pioneer Charif Souki Vows He Will Never Go Public AgainFinancial TimesMusk made ‘hair-raising’ demands for control of OpenAI, Altman testifiesBloomberg MarketsIndia Books Phosphate Fertilizer at 40% Above Pre-War PricesBloomberg MarketsFrance’s Economy Is Succumbing to Iran War Shock, Survey ShowsBloomberg MarketsIran’s Kharg Island Oil Shipments Show First Prolonged Halt Since Start of WarBloomberg MarketsProvidence Equity Considers Acquisition of Gamma CommunicationsBloomberg MarketsECB Rate Hikes Increasingly Likely, Nagel Tells HandelsblattBloomberg MarketsJunk-Rated Firms Rush to Reprice Debt as Demand for Loans SurgesBloomberg MarketsBrazil Meat Left Out of EU Suppliers List in Risk to TradeBloomberg MarketsBoeing Bets Comeback on Trump, China and an Elusive New PlaneBloomberg MarketsInflation Climbs, Tech Cools and Dimon Warns on Market Exuberance | Open Interest 5/12/2026Financial TimesBlue Owl retail fundraising evaporates amid private credit concernsBloomberg MarketsRussia Sees 2026 Oil Output Flat as Kyiv Steps Up Drone Strikes
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CNBC Top Newsmarkets

Trump says Makary is out as FDA commissioner, following industry and White House backlash

CNBC Top News
Tuesday, May 12, 2026 at 6:44 PM
~4 min read
Energy

Original Report

Makary's tenure was marked by internal dysfunction at the FDA, leadership turmoil and mounting backlash from drugmakers and physicians on regulatory decisions.

Glass House Analysis

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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