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US House passes bill to blacklist some China biotech firms

Business Mirror LogoBusiness Mirror11h ago

US House passes bill to blacklist some China biotech firms - Business Mirror

Quick Summary:

Like McGovern, he said the underlying issue was that Congress shouldn’t be targeting individual companies, and instead ought to set rules and task agencies with enforcing them.“We should be setting forth the law, not implementing the law,” said Raskin, a constitutional law professor.

Numerous other bills targeting China are set for votes this week, including legislation targeting the Chinese supply chains for electric vehicles as well as other industries.

Companies and researchers that receive US funding could continue using the Chinese companies’ products, like Complete Genomics’ DNA sequencing machines, until 2032 under existing contracts via a grandfather clause.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 12:41:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 864 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22448603

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About Business Mirror

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 43 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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