Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
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Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Federal regulators on Thursday approved the first mobile app to help treat substance use disorders.
The app, developed by a start-up called Pear Therapeutics, is designed to be prescribed by clinician and used alongside counseling.
Pear's technology digitizes a form of talk therapy called cognitive behavioral therapy, or CBT, which focuses on "examining the relationships between thoughts, feelings and behaviors, according to the National Alliance on Mental Illness.
Studies have found that CBT is an effective treatment for substance use disorders, and recent research suggests that it can be administered online via a desktop or mobile app. Abuse of tobacco, alcohol and illicit drugs costs more than $740 billion annually in the U.S. alone. Drug-related deaths have tripled since 2000, according to the National Institute on Drug Abuse.
Pear Therapeutics is part of a burgeoning category of health start-ups known as digital therapeutics. The idea is that software can improve a person's health, without the same cost and side effects of medical treatment.
"This is the moment for digital therapeutics," said Corey McCann, the founder and CEO of Pear Therapeutics.
In some cases, these apps are designed to replace drug therapies. Others aim to augment them by improving the likelihood that patients will take their meds.
As part of the approval process, which McCann said took several years, the FDA also created a new classification for digital therapeutics that are deemed low to moderate risk. That will likely make it easier for other apps to follow suit. Currently, digital therapeutics are being developed to help treat insomnia, opioid dependence, chronic disease and more.
The FDA gave the app, known as reset, a green-light after reviewing the results from a 12-week clinical trial. Almost 400 people participated and received standard treatment or standard treatment with the desktop-based version of the Reset app. The results found a "statistically significant increase" in adherence to abstinence from alcohol, cocaine, marijuana and stimulants, according to the FDA.
Pear's app has not been approved to treat opioid dependence, but McCann said the company has developed a version of the software that is currently under submission. It's designed to be used alongside opioid replacement therapies.
Pear recently raised $20 million in venture financing from a slew of investors including life sciences firm 5AM Ventures and JAZZ Venture Partners.