The competition between the world's superpowers is hitting Complete Genomics, whose employees, some in white lab coats stitched with U.S. flag arm patches, spin samples in test tubes and huddle around computers in San Jose. Its founder and chief scientific officer said he's frustrated that geopolitics is interfering with science.
"It's just a loss for the research and for the industry," Radoje Drmanac said.
The U.S. House overwhelmingly passed the BIOSECURE Act, which cites national security in preventing federal money from benefiting Complete Genomics and four other companies linked to China. They work with U.S. drugmakers to develop new medications or help doctors diagnose diseases.
It is part of a sweeping package of bills aimed at countering China's influence and power, especially in technology, that Congress largely backed last week. The biotech measure, which cleared the House with a 306-81 vote, now heads to the Senate.
Supporters say the legislation is necessary to protect Americans' health care data, reduce reliance on China in the medical supply chain and ensure the U.S. gains an edge in the biotech field, which both countries call crucial to their economy and security.
Opponents say the bill, which would ban China-linked companies from working with firms that receive U.S. government money, would delay clinical trials and hinder development of new drugs, raise costs for medications and hurt innovation.
Rep. Brad Wenstrup, an Ohio Republican and the bill's sponsor, said House approval was the first step in protecting Americans' genetic data and reversing the trend of relying on Beijing for gene testing and basic medical supplies.
This story is from the AppleMagazine #673 edition of AppleMagazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the AppleMagazine #673 edition of AppleMagazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BANNING CELLPHONES IN SCHOOLS GAINS POPULARITY IN RED AND BLUE STATES
Arkansas’ Republican Gov. Sarah Huckabee Sanders and California's Democratic Gov. Gavin Newsom have little in common ideologically, but the two have both been vocal supporters of an idea that’s been rapidly gaining bipartisan ground in the states: Students’ cellphones need to be banned during the school day.
HOW TIKTOK GREW FROM A FUN APP FOR TEENS INTO A POTENTIAL NATIONAL SECURITY THREAT
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form?
TRUMP, A POPULIST PRESIDENT, IS FLANKED BY TECH BILLIONAIRES AT HIS INAUGURATION
Some of the most exclusive seats at President Donald Trump's inauguration on Monday were reserved for powerful tech CEOs who also happen to be among the world's richest men.
TRUMP RESCINDS BIDEN'S EXECUTIVE ORDER ON AI SAFETY IN ATTEMPT TO DIVERGE FROM HIS PREDECESSOR
Hours after returning to the White House, President Donald Trump made a symbolic mark on the future of artificial intelligence by repealing former President Joe Biden's guardrails for the fast-developing technology.But what comes next from Trump and how it will diverge from how his predecessor sought to safeguard Al technology remains unclear. The new administration didn't respond to requests for comment about the repealed Biden policy and even some of Trump's most enthusiastic tech industry supporters aren't so sure.
WHAT'S NEXT FOR EVS UNDER PRESIDENT TRUMP?
President Donald Trump signed an executive order promising to eliminate what he incorrectly labels “the electric vehicle mandate” imposed under former President Joe Biden. His order on Monday is consistent with pledges Trump made on the campaign trail to end what he calls a “preposterous” focus on EVs by Biden and other Democrats.
'ONCE IN A LIFETIME' SNOW HITS PARTS OF THE U.S. SOUTH
A winter storm sweeping through the U.S. South on Tuesday was dumping snow at levels millions of residents haven't seen before.
GOVERNOR PROPOSES BANNING CELLPHONES IN SCHOOLS THROUGHOUT NEW YORK STATE STARTING NEXT FALL
Students throughout New York state might have to give up their cellphones during school hours starting next fall under a proposal announced Tuesday by Gov. Kathy Hochul.
NETFLIX'S BET ON LIVE EVENTS HELPED REEL IN 19 MILLION MORE SUBSCRIBERS IN HOLIDAY-SEASON QUARTER US
Netflix added nearly 19 million subscribers during the holiday-season quarter to help propel its earnings beyond analysts’ projections, capping the video streaming service’s best year yet in a sign that its expansion into live programming is paying off.
AI EXPERIMENT IN HALFPIPE JUDGING AT X GAMES WILL GIVE SNOWBOARDERS A GLIMPSE INTO THE FUTURE
The X Games will experiment judging halfpipe runs this week in Aspen using artificial intelligence, the cutting-edge technology that could someday play a role in the way subjectively judged sports are scored.
YOUR MONEY: 5 IDEAS FOR AVOIDING AN OVEREMPHASIS ON SHORT-TERM RESULTS
Recency bias is the tendency to place too much weight on the latest performance trends while giving short shrift to other factors, such as fundamentals, valuation, or long-term market averages.Market news, by definition, focuses on recent events rather than long-term trends. As a result, recent events are top of mind, easier to remember, and often play an outsize role in investment decision-making.But there are steps investors can take to guard against these tendencies:
