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WSJ Tech News Briefing

TNB Tech Minute: FDA Reverses Rejection of Another Rare-Disease Drug

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 22 June 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Chevron strikes deal with Microsoft to power West Texas AI data center. And a SoftBank-backed robotics company plans to go public in Hong Kong. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts

0:06.5

of traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus,

0:12.6

CEO of Deloitte U.S., talking about the transformational potential of Agenic AI. Join him later

0:18.6

to learn why agents are a game changer for businesses across industries.

0:24.5

Here's your morning T&B Tech Minute for Monday, June 22nd. I'm Danny Lewis for the Wall Street

0:29.9

Journal. We exclusively report that biotech company Regen XBio says the U.S. Food and Drug

0:35.6

Administration has agreed to reverse its rejection of an

0:38.4

experimental gene therapy. The therapy targets Hunter Syndrome, a rare, fatal, genetic disease

0:44.3

that causes irreversible brain damage and cell death. The About Face is the latest by the agency

0:50.0

that's under new leadership and marks a broader retreat from demands that rare disease drug makers

0:54.5

test their experimental medicines against placebos to make sure the drugs work.

0:58.9

After filing an appeal, RegenXBio says the FDA indicated it would drop demands for the new study.

1:04.6

The FDA did not respond to a request for comment.

1:08.3

Chevron has struck a 20-year agreement to sell electricity to Microsoft to power what could

1:13.0

become one of the country's largest AI data centers. The oil company is working with energy company

1:18.4

Juulant to supply the West Texas data center with natural gas produced in the area. The companies

1:23.6

didn't disclose a cost estimate for the project. The data center will have its own on-site power plant instead of being plugged into the

1:30.1

Texas grid, but will connect to the grid at a later date to sell excess electricity into

1:34.8

the power market.

1:36.3

The deal cements Chevron's lead in the race among major oil companies to bank on the data center

1:40.5

boom.

1:42.6

And a Chinese robotics company, backed by SoftBank Group, is gearing up to

...

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