Rein Therapeutics Receives FDA Fast Track Designation For LTI-03 In IPF

Rein Therapeutics (NASDAQ: RNTX) said it has expanded its Phase 2 RENEW trial of inhaled peptide LTI-03 for idiopathic pulmonary fibrosis into the United Kingdom, with the first U.K. patient randomized. The company reported 16 patients enrolled to date. Trial sites are enrolling in the U.S., Australia, and the U.K., with two additional countries expected to add sites soon.

Rhode Island Attorney General Peter Neronha sued Meta, alleging the company profits from fraudulent ads on its platforms, violating the state's Deceptive Trade Practices Act. The lawsuit seeks penalties and injunctive relief, claiming Meta knowingly targets vulnerable consumers, including senior citizens, with scam ads. According to Reuters, about 10% of Meta's annual ad revenue ($16 billion) comes from such ads. The state seeks restitution, civil penalties, and a monitor to ensure compliance.

Greek Cypriot companies CyproFruta and Cyprus Farming Ltd are suing PepsiCo and others for €140 million, claiming unauthorized use of their factory in Famagusta since 1981. The lawsuit, filed in Nicosia district court, seeks compensation for lost profits and rent. PepsiCo's global headquarters and its Turkish subsidiary are among the defendants.

Canada's Industry Minister Melanie Joly has given Cleveland-Cliffs (CLF) 15 days to reverse planned layoffs at Stelco's Ontario steel mills or face potential sanctions, including fines or forced sale of the plant.

Robinhood (HOOD) stock fell 5.25% on October 22, closing at $96.58, despite plans to expand into Dubai. The company will offer crypto, equity, and other investment services in 2027, with the Dubai International Financial Centre as its regional HQ. Robinhood received regulatory approval for its expansion earlier than announced.

Apple lost a competition case brought by Epic Games in Australia. A court ruled Apple had substantial market power in iOS app distribution and in-app payments, violating competition laws. Apple must allow developers to use alternative payment methods. Apple was ordered to pay 85% of Epic's trial costs, following a similar ruling against Google.