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FINWIRES

China Medical System Gets China Acceptance for Seasonal Allergic Rhinitis Drug Indication of MG-K10

-- China Medical System's (HKG:0867, SGX:8A8) new drug application for the seasonal allergic rhinitis indication of MG-K10 was accepted by China's National Medical Products Administration, according to a Thursday Hong Kong bourse filing.

The firm holds co-development rights, excluding the indication of atopic dermatitis, and exclusive commercialization rights for the drug.

The drug is proposed to treat adult patients with moderate-to-severe seasonal allergic rhinitis whose symptoms are inadequately controlled following treatment with intranasal corticosteroid.

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J.B. Hunt Transport Services Keeps Quarterly Dividend at $0.45 per Share, Payable May 22 to Holders of Record as of May 8

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Commodities

Market Chatter: Europe Aviation Fuel Strain Deepens; Shell Says Refineries in Max Output Mode

Europe's refineries are running at full tilt to boost jet fuel output as stocks fall to 597,000 metric tons and Middle East supply disruptions tighten markets, S&P Global reported Thursday.Frans Everts, president-director of Shell (SHEL) Nederland, said that European refineries have shifted to "max jet mode" amid Middle East supply disruptions that are tightening aviation fuel availability, the report added.Everts said refiners can only tweak output by a few percentage points as plants already prioritize jet fuel production over other products amid strong demand, according to the report.Shell operates the 404,000 barrels-per-day Rotterdam complex, Europe's largest refinery, which can only marginally increase jet fuel production despite surging airline demand, the report noted.Airlines have started responding to tighter supply, with Lufthansa canceling 20,000 flights through October while fares rise, and European Union officials plan to track jet fuel inventories across the bloc, the report said.Jet fuel and kerosene inventories at the Amsterdam-Rotterdam-Antwerp hub dropped to 597,000 tons, down 7% over the week and 10% over the year, reaching the lowest level since April 2020, the report said, citing data from Insights Global.The last comparable low came on April 2, 2020, when stocks stood at 572,000 tons, the report noted.Europe has increasingly turned to imports from the US Gulf Coast to offset reduced shipments from the Middle East, the report added.Everts said jet fuel tops demand in Europe, followed by diesel, while Shell shifts crude sourcing away from the Middle East and uses its trading network to secure supply and optimize flows, according to the report.The company expects significantly higher earnings from trading and optimization in its chemicals and products division over the quarter, after lower commodity prices weighed on profits earlier in 2025, the report added.Shell's Rotterdam site also produces intermediate components rather than only finished fuels, allowing the company to capture higher value by selling feedstocks that other processors can upgrade further, according to the report.has reached out to Shell for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $89.54, Change: $+0.05, Percent Change: +0.06%

$SHEL
Mining & Metals

Maverick Gold and Silver Set to Begin Work on the Jericho Property, Nevada

Maverick Gold and Silver (MAV.CN) is set to begin work on the Jericho Property, located in Lincoln County, Nevada, said the company on Thursday.Contractors have been engaged and an initial work program is set to be initiated on the property, and fieldwork is set to consist of systematic rock sampling throughout the property as well as localized detailed mapping. Work is expected to begin in May, it added.The company recently acquired a large historic dataset for the Jericho property from a third party and is currently incorporating this new data into its growing database for the property, said the company. The new, larger database will then be used to further refine the planned work program, added the company."We are leveraging our growing database on the property in conjunction with a successful recent field visit by the Company's technical team to create a comprehensive phase one work program at Jericho," said Ian Foreman, P.Geo., VP, Exploration of Maverick Gold and Silver. "The objective of the field program will be to confirm and better understand the distribution of the high grade gold and silver results from historic sampling, determine the effect of structure on the thickness of the veins, better understand the differences between the West and East Trends, and to map several important areas of the property."Shares of the company were last seen up $0.005 at $0.11 on the Canadian Securities Exchange.Price: $0.11, Change: $+0.005, Percent Change: +4.8%

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