U.S. COVID-19 cases are declining after a spring surge, with a seven-day daily average of fewer than 60,000 new cases. The pace of vaccination has similarly slowed, with the number of shots administered dropping to 2.7 million on Monday. (CNBC Weekly)

The White House said the U.S. will begin sharing its stock of AstraZeneca vaccines with the rest of the world after safety reviews. AstraZeneca has produced 10 million doses of its vaccine, which is still under Food and Drug Administration review. (AP)

The Food and Drug Administration is deciding whether to ban menthol cigarettes. Tobacco companies would almost certainly fight back against any such ban. (STAT)

Loxo founder Josh Bilenker and Novartis global head of oncology Jeff Engleman have launched a biotech. They plan to hone in on molecular targets in oncology. (Endpoints News)

The U.S. has pledged to provide medical aid, including assistance in manufacturing the Covishield vaccine, to India. India recently passed 16 million total COVID cases. (Politico)