Successfully treated acute myeloid leukemia patients may hold the key to new CAR T cell therapy

Developing effective immunotherapies for acute myeloid leukemia (AML) has long been hampered by a critical challenge: Therapy directed at killing the leukemia cells may also harm the body’s ability to make new, healthy blood cells. This happens because most of the proteins that can be targeted on the surface of the blood cancer’s cells are also found on vital blood-forming cells.

Now, a team of researchers from Memorial Sloan Kettering Cancer Center (MSK) has developed a new type of CAR T cell therapy that targets a protein found almost exclusively on leukemia cells and not on healthy cells. The research takes an innovative approach by harnessing antibodies discovered in AML patients whose cancer went into long-term remission following a bone marrow transplant.

Antibodies are immune proteins that recognize and attach to threats. These antibodies target U5 snRNP200, a protein usually found inside a cell’s nucleus but that unexpectedly appears on the surface of leukemia cells in about half of all AML patients.

The team’s findings, conducted in animal models, are published in Cancer Discovery.

The work was led by leukemia specialist Anthony Daniyan, MD, and Omar Abdel-Wahab, MD, Chair of the Molecular Pharmacology Program at MSK’s Sloan Kettering Institute. The study’s first authors were postdoctoral fellow Takeshi Fujino, MD, Ph.D., and medical student Jennifer Lewis, both members of the Abdel-Wahab Lab.

“We don’t know yet why this protein ends up on the cell surface, but it creates an opportunity to safely target AML cells without damaging a patient’s healthy cells,” Dr. Daniyan says. “We figured out a way to engineer CAR T cells to mirror what was happening in patients in remission, as well as a method to make the approach even more effective by coaxing the cancer cells to produce even more of this surface protein.”

Moreover, the engineered cells proved broadly effective against several other types of leukemia. These include B-cell acute lymphoblastic leukemia (B-ALL) and pediatric leukemia—which is quite different from leukemia in adults, arising due to large genetic rearrangements and the fusion of oncogenes rather than the development of small “typos” in the genetic code as people age.

“Rather than focusing on why treatment fails in AML, we looked for what helps people survive and learned from their success,” Dr. Abdel-Wahab says.

While promising, these investigational studies will require further development to advance them from the laboratory into the clinic, the authors note.

New treatments for acute myeloid leukemia are critically needed

There is a critical need to develop new treatments for AML, Dr. Abdel-Wahab says. Bone marrow transplantation works for some patients, but many people aren’t healthy enough to receive one or a suitable donor can’t be found.

Overall, just 3 out of 10 AML patients live for five years or more after a diagnosis. For those whose cancer resists treatment or returns after treatment, the survival rate is closer to 1 in 10.

“That’s right up there with the cancers we usually talk about as being the most deadly, like lung and pancreatic cancer,” Dr. Abdel-Wahab says.

Learning from the graft-versus-leukemia effect

When patients receive a bone marrow transplant, doctors first give chemotherapy to eliminate diseased blood-making cells in the bone marrow, and then healthy donor blood stem cells are infused to rebuild the body’s blood production system. The transplant provides an additional benefit through what’s called the “graft-versus-leukemia” effect—immune cells from the donor recognize and attack cancer cells lingering in the patient’s body.

“These donors’ antibodies are actually what drive the leukemia into remission,” Dr. Daniyan says. “So we said, ‘Why don’t we just let nature be our guide?’ And T cells, which get modified into CAR T cells, are even more potent than antibodies—so our approach combines the best of both worlds.”

Strengthening CAR T cells

The team took the genetic sequences from the patient’s antibodies and engineered them into CAR T cells—which stands for “chimeric antigen receptor T cells,” a technique pioneered at MSK in the early 2000s—essentially creating a therapy that mimics the successful natural immune response seen in patients.

To make the therapy even more powerful, the researchers “armored” the CAR T cells by genetically modifying them to continuously secrete interleukin-18 (IL-18), a signaling molecule that boosts immune responses. This IL-18 armor serves a dual purpose:

  • It increases the amount of target protein on the surface of cancer cells, making them easier to attack.
  • It also supports the patient’s immune system in the fight against the leukemia

Promising results and long-term protection

In mouse models, the new MSK-developed CAR T cells demonstrated remarkable effectiveness. They not only eliminated leukemia in animal models of both adult and pediatric AML, they also created long-lasting protection. When mice that had been successfully treated were exposed to leukemia again nearly a year later, they remained cancer-free—a sign their immune systems had effectively learned how to fight the cancer.

Importantly, the treatment spared healthy blood-forming cells, experiments showed.

The researchers also discovered that the new approach shows promise against another leukemia—B-cell acute lymphoblastic leukemia (B-ALL), a fast-growing blood cancer where immature B-cells multiply in the bone marrow and blood.

The unusual U5 surface protein was detected in nearly 90% of B-ALL patient samples tested. In laboratory studies, the CAR T cells effectively targeted B-ALL cells—including those that had lost CD19, the protein targeted by current CAR T cell therapies against this type of leukemia.

“CD19 loss is a major mechanism of treatment resistance in B-ALL patients who relapse after CD19-directed CAR T cell therapy,” Dr. Abdel-Wahab notes. “Our approach could potentially address that challenge.”

Advancing the treatment from the lab to the clinic

Based on these promising preclinical results, the research team is now working to advance their new CAR T cells toward clinical trials.

The researchers are optimistic about translating the approach from laboratory models into people for several reasons.

First, the strategy is likely to be safe to use in people—the target was discovered in patients who achieved long-term remission, after all. And the U5 snRNP200 protein is essential to the cell’s survival, so cancer cells will be unlikely to evolve in a way that eliminates it as a way of resisting the treatment.

“We’re encouraged about our ability to bring these innovations to the clinic to benefit patients with leukemia,” Dr. Abdel-Wahab says.

MSK is pursuing an Investigational New Drug (IND) designation for the approach from the U.S. Food and Drug Administration (FDA)—a necessary first step toward testing any new therapy in patients.

Weekly Market Review – July 26, 2025

Stock Markets

U.S. equity markets continued their strong performance this week, with major indexes posting solid gains and multiple record closes. The broad market index ticked up 0.06% to end at 6,309.62 and notch its 11th record close in 2025. The 30-stock Dow Jones Industrial Average rose 179.37 points, or 0.40%, settling at 44,502.44. However, the technology-heavy Nasdaq Composite showed some weakness, slipped 0.39% and closed at 20,892.69, bogged down by declines in certain tech names.

Small-cap stocks significantly outperformed their large-cap counterparts this week. Over the seven days, the Russell is higher by 2.17%, better than the S&P 500’s 1.44% gain. In July alone, small caps are up 4.62% while large caps have gained 2.4%. This rotation into smaller companies suggests investor confidence in domestic economic growth prospects.

Several individual stocks posted exceptional weekly performance. GoPro shares have soared more than 58% so far this week, while Krispy Kreme shares have surged more than 32%. That marks the biggest weekly gains for each in their respective histories on the public market. Meanwhile, Kohl’s shares have jumped nearly 34% week to date.

The market momentum has been supported by strong earnings expectations and continued optimism around economic resilience. During Thursday’s session, 27 stocks in the S&P 500 traded at new 52-week highs. Notable companies reaching new highs included Warner Bros. Discovery, Citigroup, and Coinbase, indicating broad-based strength across multiple sectors.

U.S. Economy

Economic data this week continued to support the narrative of a resilient U.S. economy operating at or near full employment. The labor market remains tight with unemployment claims staying near historical lows. Consumer sentiment and spending patterns suggest continued economic expansion, though at a more moderate pace than earlier in the recovery.

Inflation metrics remained a key focus for investors, with market participants closely watching for signs that price pressures continue to moderate. The Federal Reserve’s monetary policy stance remains data-dependent, with markets pricing in potential rate adjustments later in the year based on incoming economic indicators.

Corporate earnings season is underway with several major technology companies scheduled to report next week, including Alphabet and Tesla, which could provide important insights into the health of the growth sectors that have driven much of this year’s market gains.

Metals and Mining

Precious metals markets experienced consolidation this week after the strong gains seen earlier in 2025. Gold, silver & copper have had a stellar start to 2025, with prices surging across the board. As of March 6, gold has climbed a glittering 19.33%, silver is up a shiny 12.50%, and copper has posted a solid 11.44% gain.

Gold prices appear to be in a consolidation phase. Gold prices have been consolidating for few weeks between $3,291 – $3,371 where a breakout might happen soon. The precious metal continues to benefit from its role as a portfolio diversifier and hedge against economic uncertainty, though recent price action suggests investors are taking profits after the strong year-to-date performance.

Gold prices could not print new higher swing high in the latest bullish attempt. The price loss ground and move lower, indicating some near-term weakness despite the longer-term bullish trend remaining intact.

Silver has shown similar consolidation patterns, with technical analysts watching key support and resistance levels for the next directional move. Industrial metals like copper continue to reflect global economic growth expectations, with prices supported by ongoing infrastructure spending and energy transition investments.

Energy and Oil

Crude oil markets have been trading in a defined range this week. The price of crude oil mostly trading between $65.00 – $70.00 now, reflecting balanced supply and demand fundamentals. Crude Oil $68.71 represents the current pricing level, suggesting stability in the energy complex.

The oil market continues to navigate competing factors including global economic growth prospects, production levels from major oil-producing nations, and ongoing geopolitical considerations. Recent price action suggests the market has found equilibrium in the current range, though breakouts in either direction remain possible based on fundamental developments.

Energy sector stocks have participated in the broader market rally, with several oil and gas companies posting strong quarterly results that exceeded analyst expectations. The sector’s performance has been supported by disciplined capital allocation and improved operational efficiency across the industry.

Natural Gas

Natural gas markets have shown increased volatility as weather patterns and seasonal demand factors come into play. Storage levels remain within normal ranges for this time of year, though regional pricing differentials continue to reflect transportation constraints and local supply-demand imbalances.

The Henry Hub benchmark has experienced typical summer seasonality, with prices generally lower during periods of reduced heating demand but supported by increased power generation needs for cooling. Export demand for liquefied natural gas (LNG) continues to provide a price floor as global markets remain connected to U.S. production.

Pipeline capacity additions and production growth from key shale basins continue to influence regional pricing dynamics, with operators focusing on the most economic drilling locations to optimize returns in the current price environment.

World Markets

European equity markets participated in the global rally this week, with major indexes posting gains across the region. The pan-European STOXX Europe 600 Index advanced as investors remained optimistic about economic growth prospects and corporate earnings trends.

Central bank policies across Europe continue to evolve, with the European Central Bank maintaining its cautious approach to monetary policy adjustments. Market participants are closely monitoring inflation trends and economic data for signals about future policy direction.

Asian markets showed mixed performance, with Japanese equities facing headwinds from currency movements while Chinese markets benefited from improved sentiment around domestic economic policies. The Bank of Japan’s monetary policy stance remains accommodative, though market participants continue to watch for potential policy adjustments.

China’s equity markets have shown resilience despite ongoing economic challenges, with government support measures and improved industrial production data contributing to investor confidence. Hong Kong markets have also participated in the regional recovery, though volatility remains elevated due to various macroeconomic factors.

The Week Ahead

The coming week will be particularly important for market direction, with several major technology companies scheduled to report quarterly earnings. These results will provide crucial insights into the health of the growth sectors that have driven much of 2025’s market gains.

Economic data releases will continue to be closely watched, particularly any indicators related to consumer spending, employment, and inflation trends. Federal Reserve officials’ comments and speeches will be scrutinized for hints about future monetary policy direction.

Key Topics to Watch

• Major technology earnings including Alphabet and Tesla

• Weekly initial jobless claims data

• Consumer confidence and spending indicators
• Federal Reserve officials’ speeches and commentary

• International trade and geopolitical developments

• Corporate guidance updates from earnings reports

• Sector rotation trends and performance differentials

The market environment remains generally supportive of risk assets, though investors continue to balance optimism about economic growth with caution about potential headwinds including policy uncertainties and global economic developments. The continued rotation from growth to value stocks and from large-cap to small-cap equities suggests a broadening of market participation that could support sustained gains if economic fundamentals remain strong.

Weekly Market Review – July 19, 2025

Stock Markets

Major U.S. stock indexes showed mixed performance this week, with markets displaying cautious optimism amid ongoing corporate earnings season preparations. The 30-stock Dow lost 142.30 points, or 0.32%, ending at 44,342.19. The S&P 500 inched 0.01% lower to close the session at 6,296.79. The tech-heavy Nasdaq Composite added just 0.05% to settle at 20,895.66.

The week saw notable volatility with some sessions showing strong gains followed by modest pullbacks. During Thursday’s session, 27 stocks in the S&P 500 traded at new 52-week highs. Names that hit this milestone included the following: Warner Bros. Discovery trading at levels not seen since August 2023 · Citigroup trading at levels not seen since November 2008 · Coinbase trading at levels.

Market sentiment remained cautiously optimistic as investors positioned ahead of key earnings reports. Magnificent Seven earnings are kicking off next week, with Alphabet and Tesla the first major technology companies to report their quarterly results.

The broader market trend has shown resilience, with the US500, fell to 6297 points on July 18, 2025, losing 0.01% from the previous session. Over the past month, the index has climbed 5.51% and is up 14.38% compared to the same time last year.

Small-cap stocks continued to outperform their large-cap counterparts during this period, with Small cap stocks (Russell 2000 Index) gained +5.4% and outperformed large caps (S&P 500 Index) which returned +5.1%. Smaller stocks may have outperformed on hopes of future rate cuts and easing geopolitical tension.

U.S. Economy

The labor market showed signs of stability this week with jobless claims data providing mixed signals. Initial Jobless Claims in the United States decreased to 221 thousand in the week ending July 12 of 2025 from 228 thousand in the previous week, indicating a modest improvement in employment conditions.

However, continuing claims showed a slight uptick, with Continuing Jobless Claims in the United States increased to 1956 thousand in the week ending July 5 of 2025 from 1954 thousand in the previous week, suggesting that while fewer people are filing for initial unemployment benefits, those already unemployed are taking longer to find new positions.

The job market data comes as investors await more comprehensive employment figures and continue to monitor Federal Reserve policy signals regarding potential interest rate adjustments later this year.

Metals and Mining

Precious metals markets showed mixed performance this week, with gold maintaining its position within established trading ranges. Gold prices mostly sideways this month and continue trading inside the range which formed at the beginning of the month. We still maintain bullish outlook on the price and expect bullish continuation from the current level.

Silver continued to face pressure, with technical analysis suggesting Silver prices continue the bearish movement and might attempt to retest the broken resistance level $37.25. When there are bullish reactions after the test, traders could enter long positions targeting $40.00. However, if the price extends the bearish movement and fall below $35.25, then further declines could be expected.

The broader precious metals complex remains in a consolidation phase, with traders watching key technical levels for potential breakouts in either direction.

Energy and Oil

The oil market showed continued volatility this week, with crude prices trading in a defined range. The price of crude oil mostly trading between $65.00 – $70.00 now, reflecting ongoing uncertainty about global supply and demand dynamics.

Technical analysis suggests the energy sector remains in a critical phase, with a possible bearish flag forming where a breakout below $63.89 will become a confirmation for movement to target $54.50 – $55.50. Traders better monitor closely the price reactions inside the channel for now. Bearish fake out could happen too and invalidate the bearish pattern.

The oil market continues to be influenced by geopolitical factors, supply chain considerations, and shifting demand patterns as global economies navigate current economic conditions.

Natural Gas

Natural gas markets experienced notable movements this week, though specific pricing data for the current reporting period requires further monitoring. The sector continues to be influenced by seasonal demand patterns, storage levels, and broader energy market dynamics.

International natural gas markets remain volatile, with European and Asian markets showing divergent trends based on regional supply and demand factors.

World Markets

European markets showed resilience this week, building on recent gains as investors remained cautiously optimistic about regional economic conditions. Central bank policy expectations continue to influence market sentiment across the European Union.

Asian markets displayed mixed performance, with investors closely watching economic data releases and policy developments from major economies in the region. The ongoing focus on trade relationships and economic cooperation agreements continues to impact market sentiment.

Chinese markets faced headwinds as investors evaluated recent economic data and policy announcements. The property sector remains a key area of concern, while manufacturing and technology sectors showed varied performance.

Japanese markets experienced volatility as investors weighed domestic monetary policy expectations against global economic trends. The yen’s movement against major currencies continued to influence export-heavy sectors.

The Week Ahead

The upcoming week promises to be eventful for financial markets, with several key developments on the horizon:

Key Topics to Watch:

• Magnificent Seven earnings reports, beginning with Alphabet and Tesla

• Federal Reserve policy communications and economic data releases

• Continued monitoring of jobless claims data for labor market trends

• Oil market technical levels and potential breakout scenarios

• Precious metals consolidation patterns and potential trend reversals

• European Central Bank policy expectations and regional economic indicators

• Asian market responses to trade and economic developments

Economic Releases to Monitor:

• Weekly jobless claims data

• Manufacturing and services PMI updates

• Consumer sentiment indicators

• Corporate earnings from major technology companies

• Energy inventory reports

• International trade data

Investors will be particularly focused on earnings results from major technology companies, as these reports could set the tone for broader market sentiment heading into the final weeks of July. The combination of corporate fundamentals, economic data releases, and ongoing geopolitical developments will likely continue to drive market volatility and investment decisions in the days ahead.

Weekly Market Review – July 12, 2025

Stock Markets

Major U.S. stock indexes posted gains this week, continuing their upward momentum despite tariff-related uncertainties. The Dow Jones Industrial Average (DJIA) rose by 0.19% to close at 44,541, while the S&P 500 advanced 0.27% to 6,280, and the Nasdaq Composite edged up 0.09% to 20,630. The Russell 2000 outperformed with a 0.48% gain, closing at 2,263. The CBOE Volatility Index (VIX) remained subdued, falling below 16, indicating low market expectations for near-term volatility despite upcoming economic data and tariff deadlines. Sector performance was mixed, with transportation stocks, particularly airlines, leading gains after strong earnings from Delta Air Lines. Technology and communication services saw some weakness due to profit-taking in software stocks, while small-cap stocks continued to outperform large-cap growth stocks.

U.S. Economy

Economic data this week presented a resilient yet cautious picture. The Labor Department reported initial jobless claims for the week ending July 5 at 227,000, a decrease of 5,000 from the prior week and below the consensus estimate of 235,000. Continuing claims rose slightly to 1.965 million, near a three-year high. Nonfarm payrolls for June added 147,000 jobs, surpassing expectations of 118,000, with the unemployment rate dropping to 4.1%. The Consumer Price Index (CPI) held steady at 2.35% year-over-year in May, with core CPI at 2.79%. Personal spending contracted by 0.14% month-over-month, signaling potential consumer fatigue. Real GDP growth for Q1 2025 was revised down to -0.5% annualized, driven by stronger imports and inventory adjustments. The Federal Reserve’s June meeting minutes highlighted a divergence among officials on the inflationary impact of tariffs, with expectations for two rate cuts in 2025, potentially starting in September.

Metals and Mining

Precious metals showed mixed performance. Gold prices rose slightly by 0.14% to $3,325.70 per troy ounce, maintaining above the $2,700 support level despite a strong U.S. dollar. Silver, platinum, and palladium data were not widely reported this week, but industrial metals faced headwinds due to impending tariffs. A 50% tariff on copper imports, effective August 1, was announced, potentially impacting companies reliant on the metal. Copper prices on the LME were not explicitly updated, but market sentiment suggests caution due to trade policy uncertainties. The gold market continues to benefit from its low correlation to risk assets and geopolitical stability, with analysts expecting it to test higher resistance levels if trade tensions persist.

Energy and Oil

Oil prices remained volatile amid geopolitical tensions and tariff concerns. Brent crude futures were not explicitly quoted this week, but June data indicated a 25% spike due to Middle East tensions, particularly the Israel-Iran conflict. This week’s market commentary suggests oil prices stabilized, with no significant de-escalation in hostilities reported. Natural gas spot prices at Henry Hub were not updated for this week, but earlier data showed a rise to $4.083/MMBtu in mid-January. International LNG futures prices for East Asia and the Netherlands’ TTF were also not updated, but prior trends indicated declines to $14.15/MMBtu and $14.00/MMBtu, respectively. Energy sector stocks, including Bitcoin miners and related assets, saw gains driven by a surge in Bitcoin prices to $113,734.64, up 21% year-to-date.

International Markets

European markets trended higher, with the STOXX Europe 600 Index gaining amid optimism about potential rate cuts. Specific index performance data was not available, but earlier trends showed a 2.37% rise. Japan’s Nikkei 225 and TOPIX indexes faced pressure from a stronger yen and tariff concerns, with no specific weekly performance reported. In China, the Shanghai Composite and CSI 300 indexes continued to benefit from economic recovery signals, though June’s Caixin Services PMI fell to 50.6, a nine-month low. The U.S.-Japan trade negotiations remain critical, with a 24% tariff on Japanese imports looming if no agreement is reached by August 1. China’s manufacturing PMI improved slightly to 49.7 in June, but services growth slowed, raising doubts about further stimulus.

Currencies

The U.S. dollar remained strong, trading near its highest level in over two years, supported by tariff-driven economic policies. The yen strengthened slightly, but specific exchange rates were not reported this week. Earlier data indicated the yen at JPY 155.6 against the dollar. Currency markets are expected to remain sensitive to U.S. tariff announcements and Federal Reserve policy signals.

Economic Indicators

  • Jobless Claims: Initial claims fell to 227,000, with continuing claims at 1.965 million.
  • Inflation: CPI steady at 2.35%, core CPI at 2.79% in May.
  • GDP: Q1 2025 revised to -0.5% annualized.
  • Retail Sales: Declined 0.9% in May, signaling consumer slowdown.
  • Industrial Production: No specific update, but earlier data showed weakness in manufacturing.
  • Unemployment Rate: Dropped to 4.1% in June.
  • Existing Home Sales: Rose 0.8% month-over-month in June, with median prices near all-time highs.
  • Consumer Sentiment: Conference Board’s index fell to 93.0 in June from 98.4 in May.
  • Services PMI: Rose to 53.1 in June, indicating expansion.
  • Manufacturing PMI: Held steady at 52.0 in June, signaling continued growth.

The Week Ahead

Key economic releases to watch include:

  • U.S. Leading Economic Indicators for June
  • Initial Jobless Claims for July 12
  • Advance Retail Sales for June
  • Consumer Sentiment (Preliminary) for July
  • S&P Flash U.S. Services PMI for July
  • S&P Flash U.S. Manufacturing PMI for July
  • Producer Price Index (PPI) for June
  • Industrial Production for June

These indicators will provide further insight into the U.S. economy’s trajectory amid tariff uncertainties and Federal Reserve policy expectations.