Neutral/Negative Catalysts
- Technical backdrop remains bearish (downtrend MAs), and price sits below the pivot (1.48), increasing risk of a drift toward supports (1.381/1.32).
- No proprietary buy signals (AI Stock Picker / SwingMax) to support an immediate entry.
- The patient support program may pressure near-term costs/margins depending on funding structure and execution (headline positive, economics unclear).
- Market tape was risk-off (S&P 500 -0.85% on the session), which can weigh on smaller names.