Business
European Lobby Says Experienced Trippers Should Advise On Psychedelic Use
Sometimes, first-hand experience matters.
Much like the United States, Europe is currently figuring out how to incorporate psychedelic therapy into its healthcare landscape most effectively. A lobby group representing developers and professionals within the industry advocates for including seasoned practitioners as integral members of a “multidisciplinary advisory body.” They would serve as a guiding authority, offering essential insights to regulators and healthcare practitioners regarding optimal practices as the field expands and changes. This effort comes from the European Psychedelic Access Research and European Alliance (PAREA), as reported by Politico, as per a briefing document slated for submission to the European Medicines Agency (EMA).
It basically says that those with actual experience with psychedelics should have influence. In both legal cannabis and psychedelics space, there is often a feeling that those with an actual relationship with the substance, rather than simply a desire to profit from it, makes for better business.
Europe still needs to legalize any psychedelic treatments. However, as Australia and parts of the United States are already offering psychedelic therapy, many lawmakers in Europe want to be prepared to hit the ground running. Having such an advisory board (with people who have experience with these substances) will make psychedelic treatment easier to implement.
In July, Australia became the first country in the world to authorize psilocybin and MDMA use through a doctor’s prescription to treat mental health conditions like post-traumatic stress disorder (PTSD) and depression. Both were legalized for therapeutic use.
In 2019, Denver, Colorado, became the first U.S. city to decriminalize psilocybin. Cities such as Oakland, Santa Cruz, and Washington D.C. have followed suit. In 2020, Oregon both decriminalized it and legalized supervised therapeutic use, with Colorado passing a similar law in 2022.
Psilocybin remains illegal under federal law.
Ketamine, which is technically a (legal) dissociative anesthetic with hallucinogenic properties, is FDA-approved for treatment-resistant depression in the U.S. under as “esketamine,” the S enantiomer of ketamine, as that’s how Johnson & Johnson could patent and sell it under the brand name Spravato. Often, doctors prescribe an off-label actual ketamine nasal spray that one can have made in a compound pharmacy.
A study by the American Medical Association, published late last month, found growing evidence that psilocybin, the mind-altering ingredient in magic mushrooms, is a potentially effective treatment for those suffering from depression. Psilocybin is also being tested to treat people with anorexia.
MDMA is currently being studied with successful results for its capacity to treat PTSD, among other mental health conditions.
Such substances would be under review of the proposed multidisciplinary advisory body. Before an upcoming EMA workshop on psychedelic treatments, PAREA urged the regulator to provide centralized leadership for the practical and clinical aspects of these therapies, including their delivery methods.
Unlike conventional pills, such as SSRI antidepressants, psychedelics require a comprehensive regimen of pre- and post-care, as well as support during the experience itself. PAREA wants to ensure that this care is uniformly standardized, drawing upon consensus from a diverse group of stakeholders.
In psychedelic spaces, this pre- and post-care is known as integration, or the belief that one needs more than the drug itself. Integration typically involves therapy before the trip and afterwards, helping one take what they learned and “integrate” it into everyday life. One may also need more than one session or return for boosters, as with ketamine IV therapy and other psychedelic therapies. Even within recreational psychedelic spaces, many people use a “trip sitter,” or at least one trusted person to abstain and look after them.
An EU advisory body “would benefit from the collective knowledge of various stakeholders, including the EMA, [the European Monitoring Centre for Drugs and Drug Addiction], national competent authorities, professional organizations, health care professionals and managers, psychedelic organizations, patients’ organizations, drug developers, and the wider community,” the briefing states.
PAREA told POLITICO these professional organizations could include the Open Foundation and the Beckley Academy in the Netherlands and the Mind Foundation in Germany. These groups train therapists in psychedelics using the latest research from institutions like Imperial College London and Johns Hopkins University. Some programs include experiential learning (getting high) on substances like psilocybin or ketamine. The Beckley group teaches people to “navigate non-ordinary states to better serve your clients,” and also runs psilocybin retreats.
“The importance of ensuring that the therapeutic model adopted is evidence-based and in the best interest of the patients cannot be overstated,” the lobby group’s briefing states.
PAREA also advocates for the EMA to ensure consistent delivery strategies throughout Europe. “Centralized coordination would offer an efficient mechanism to propel the field forward, rather than individual EU countries initiating their own work groups,” it states.
Meanwhile, setting the stage for future generations, psychedelic knowledge and industry are now being taken seriously in academia. Last month, the University of California, Berkeley’s Center for the Science of Psychedelics launched a free online course titled “Psychedelics and the Mind.” The new class is another expansion (and win) for the Center, launched three years ago. The course will be available for free.
Business
Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light
Reliance Jio has crossed a significant milestone in its space connectivity ambitions after its proposal to deploy a Low Earth Orbit (LEO) satellite constellation of around 1,600 satellites received a positive technical assessment from the Indian National Space Promotion and Authorisation Centre (IN-SPACe).
The evaluation, conducted jointly by IN-SPACe, the Indian Space Research Organisation (ISRO), and the Wireless Planning and Coordination (WPC) wing of the Department of Telecommunications, reportedly concluded that Jio’s proposed system meets the required technical standards and is comparable to leading global satellite broadband networks.
India’s Indigenous LEO Satellite Vision
Under the proposal, Reliance Jio plans to deploy between 1,600 and 1,650 satellites in Low Earth Orbit at an altitude of around 650 kilometres.
The planned constellation is expected to provide high-speed satellite connectivity across India, with approximately 32 satellites visible from any location at a given time. The company aims to roll out the network within the next two to three years, subject to regulatory approvals.
According to industry estimates, the satellite system could deliver 4.5 to 5 terabits per second (Tbps) of total data capacity, making it one of the largest satellite broadband projects proposed in India.
The project is expected to require an investment of $10–15 billion (approximately ₹95,000 crore to ₹1.42 lakh crore), reflecting the scale of infrastructure needed for satellite manufacturing, launches, ground stations, and user terminals.
Regulatory Process Moves Forward
Following the successful technical review, the proposal is expected to move into the next phase of regulatory approvals.
The government may now assist Jio in securing orbital slots, coordinating spectrum usage, and filing applications with the International Telecommunication Union (ITU), the global body responsible for managing satellite orbit and frequency allocations.
Obtaining orbital rights remains a critical step, as Low Earth Orbit has become increasingly competitive due to the growing number of satellite broadband projects being planned worldwide.
Officials also indicated that the proposed satellite architecture has been designed to coexist with future Indian LEO constellations, allowing multiple domestic operators to share orbital resources efficiently.
Broadband, Mobile Connectivity, and Strategic Applications
Jio plans to use the satellite network to provide a range of communication services, including satellite broadband, mobile backhaul, enterprise connectivity, and direct-to-device (D2D) satellite communication, particularly in remote and underserved regions where conventional telecom infrastructure is limited.
The company also intends to establish 20 to 22 ground stations across India to support network operations.
Apart from commercial telecommunications, officials have highlighted the project’s potential strategic importance. A domestically developed satellite constellation could strengthen India’s communication infrastructure, reduce dependence on foreign satellite operators, and support national security requirements.
Reports suggest preliminary discussions are underway regarding the possibility of integrating defence-related payloads into some satellites, enabling both civilian and strategic use.
Major Step for India’s Space and Telecom Sectors
Industry analysts view the technical clearance as an important milestone in India’s expanding private space ecosystem. If Jio secures the remaining regulatory approvals and international orbital clearances, the project could become the country’s first large-scale indigenous LEO satellite broadband network.
The initiative also aligns with India’s broader efforts to expand digital connectivity while strengthening its presence in the global satellite communications market.
Business
Alleged Crores Pharma Scam Mastermind Arrested from Surat
After evading law enforcement for nearly 13 years, an accused linked to a large-scale pharmaceutical fraud case has been arrested by Delhi Police from Surat, Gujarat. The suspect is alleged to have orchestrated a series of financial scams involving fake identities, forged documents, and dishonoured cheques used to procure high-value pharmaceutical raw materials.
Authorities say the accused, identified as Himmat Singh Lodha, is believed to have defrauded multiple pharmaceutical companies in Delhi of goods worth approximately ₹98 lakh before disappearing and remaining underground for years.
Fake Business Deals and Dishonoured Cheques Used in Fraud
Investigators claim the accused posed as a legitimate pharmaceutical trader and placed bulk orders for expensive drug ingredients, offering post-dated cheques as payment security.
In one documented case from 2013, he allegedly obtained around 550 kilograms of Gliclazide, a diabetes-related pharmaceutical ingredient, valued at over ₹26 lakh. When suppliers attempted to encash the cheques, they were reportedly returned with the remark “account closed.”
Following the transaction, the accused allegedly vacated his office and rented residence and disappeared without settling payments. He was later declared a proclaimed offender in 2016 after repeatedly failing to appear before court proceedings. Authorities had also issued a reward for information leading to his arrest.
Multiple Identities and Repeated Fraud Pattern
Police investigations further link the accused to another cheating case dating back to 2012, where he allegedly used a fake identity, “Kailash Jain,” to obtain a large consignment of Ambroxol HCL, a pharmaceutical compound used in cough medications. The value of that consignment was estimated at around ₹72 lakh.
Officials believe the accused followed a consistent modus operandi—posing as a credible businessman, securing high-value goods on deferred payment terms, and then disappearing after delivery while shutting down business operations.
Investigators suspect that forged business records, fake company credentials, and fabricated financial histories were used to build trust with suppliers and gain access to expensive raw materials.
Multi-State Surveillance Leads to Arrest in Surat
A special Crime Branch team tracked the accused through coordinated surveillance efforts across multiple cities, including Mumbai, Ahmedabad, and Surat. After nearly a month of technical monitoring and intelligence gathering, officials located and arrested him from a residential area in Surat.
Authorities also revealed that the accused had been involved in property-related activities while staying under the radar to avoid detection.
Growing Threat of Corporate Identity Fraud
The case highlights a rising trend of organised financial fraud targeting industries that rely heavily on trust-based transactions and deferred payments. Experts note that criminals increasingly exploit gaps in corporate verification systems by using fake GST registrations, temporary offices, and forged documentation to appear legitimate.
Cybercrime and financial fraud specialists warn that such schemes are becoming more complex with the widespread availability of digital business tools, making it easier to create convincing but fraudulent corporate identities.
Experts Urge Stronger Due Diligence in High-Value Transactions
Experts, including former IPS officer and cybercrime specialist Prof. Triveni Singh, emphasize the need for stricter verification procedures in commercial dealings. He noted that relying solely on paperwork or digital business profiles can expose companies to significant financial risk.
Authorities and industry experts recommend physical verification of business operations, bank account validation, and detailed background checks before engaging in high-value or deferred-payment transactions—particularly in sectors like pharmaceuticals, where single consignments can involve transactions worth crores.
Business
EU Pressure Builds on Google as Regulators Face Calls for Massive Fine Over Search Practices
A growing coalition of European industry groups is intensifying pressure on regulators to take decisive action against Google over allegations of unfair search practices that could reshape competition rules across the region’s digital economy.
Investigation Under Digital Markets Act Gains Momentum
The case is being examined by the European Commission under the European Union’s landmark Digital Markets Act (DMA), introduced to curb the dominance of major technology platforms and ensure fair competition.
Launched in March 2024, the investigation focuses on whether Google has been prioritising its own services in search results, potentially disadvantaging rival businesses that rely on online visibility to reach customers.
Industry Groups Demand Swift Action
Several prominent European organizations have jointly urged regulators to conclude the probe without further delay. They argue that prolonged investigations allow alleged anti-competitive practices to continue, putting European companies—especially startups—at a disadvantage.
Signatories include the European Publishers Council, the European Magazine Media Association, the European Tech Alliance, and EU Travel Tech.
In a joint statement, these groups warned that delays in enforcement are affecting innovation, profitability, and growth prospects for regional businesses competing in digital markets.
Google Denies Allegations
Google has rejected claims of bias, stating that its search algorithms are designed to deliver the most relevant and useful results to users. The company has also proposed adjustments to address regulatory concerns.
However, critics argue that these changes are insufficient and fail to address the core issue of market dominance.
Potential Billion-Euro Penalties
If found in violation of the DMA, Google could face significant financial penalties. Under EU rules, fines can reach a substantial percentage of a company’s global turnover, potentially amounting to billions of euros.
Regulators may also impose corrective measures requiring changes to business practices, which could have long-term implications for how digital platforms operate in Europe.
Wider Implications for Big Tech
The case highlights ongoing tensions between European regulators and major U.S. technology firms. In recent years, the EU has taken a more aggressive stance in enforcing competition laws, aiming to create a level playing field for local businesses.
A final ruling against Google could set a major precedent, influencing future enforcement actions and shaping the regulatory landscape for global tech companies operating within Europe.
As scrutiny intensifies, the outcome of the investigation is expected to play a critical role in defining the future of digital competition across the European Union.
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