LONDON—AstraZeneca’s Chief Executive Officer Pascal Soriot warned on Tuesday new U.S. legislation capping drug prices would reduce the ability of companies to recoup their investment on developing new drugs and hurt innovation. In a Reuters Newsmaker interview, he said the British drugmaker’s top-selling cancer therapy Tagrisso as well as its potential blockbuster Enhertu would likely…
Wells Fargo Enumerates Several Bottlenecks for PayPal, Reiterates Overweight Rating
Wells Fargo analyst Jeff Cantwell’s post-conference call with PayPal Holdings, Inc. listed multiple challenges for PayPal going forward. They saw that the competition had increased significantly for PayPal across its merchant and consumer businesses due to advances made by others, including Adyen N.V., Stripe, and Apple Inc., fueling doubts about the sustainability of PayPal’s moat. They believe that PayPal’s share in online…
‘The Problem Is China Wants to Be Good at Everything’: Robert Atkinson on US–China Tug-of-War
In this special episode, we sat down with Robert Atkinson, president of the Information Technology and Innovation Foundation. He looks at how nations compare in terms of global market share in the Hamilton Index: Assessing National Performance in the Competition for Advanced Industries. How has the Chinese regime gained so much over the past quarter-century,…
Putin–Xi Call: Kremlin Claims Xi Endorses Putin’s Invasion; US Innovation Race Losing to China
June 16, 2022
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Russian President Vladimir Putin calls Chinese leader Xi Jinping on his birthday. But the call might be a good thing for the Chinese leader. Now people are having their suspicion confirmed: China and Russia are in it together. But I think there is a more subtle reason why Putin called Xi Jinping. I got the…
US-China Space Competition Heats Up
June 13, 2022
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News Analysis In the ever-expanding arms race between communist China and the United States, few domains of competition are as high stakes as that of space. Satellite architecture is required for everything from GPS to bank transactions to missile defense systems. As such, it is no surprise that both nations are investing heavily in their…
US-China Battle for Space Supremacy Heats Up
June 13, 2022
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arms raceAsia & PacificChinaChina Business & EconomyChinese RegimeinnovationInternational RelationsmilitaryNational SecurityPolicies & ImpactsSpaceSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsWorld
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News Analysis In the ever-expanding arms race between communist China and the United States, few domains of competition are as high stakes as that of space. Satellite architecture is required for everything from GPS to bank transactions to missile defense systems. As such, it is no surprise that both nations are investing heavily in their…
‘No Prize for Second Place’: New Film Sounds Alarm on China’s Quest to Win ‘Innovation Race’ Against US
June 7, 2022
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The Chinese Communist Party (CCP) is exploiting weaknesses in the United States’ patent protection laws to gain the upper hand in technological innovation, according to an upcoming film, and big tech companies are helping it in the effort. “In the innovation race with China, there is no prize for second place,” said Luke Livingston, director…
This 18th-Century American Woman Boosted Morale in the Revolutionary War and Helped Inspire the Cotton Gin
Catharine Littlefield, born in 1775 in what was then the British colony of Rhode Island, would grow up to become a dedicated wife and supporter of those around her, as well as a woman who could take action on her own when needed. Her mother died early during her childhood, and she was sent to…
Xi’s New State-Driven Innovation Strategy Could Be a Disaster for China
News Analysis China is preparing to turn a nearly 40-year-old industrial development strategy on its head. Since the early 1980s, Beijing’s approach to technological and industrial progress was to import it, mainly by entering into joint ventures with foreign firms that provided high technology and startup. Eventually, the Chinese would reverse-engineer the technology and make—and…
Mom’s Innovative Car Seat Coats for Kids Make Winter Rides Safer and Happier
Dahlia Rizk, 47, mother of three from New Hampshire and inventor of Buckle Me Baby Coats, just might have made your winter car ride a little bit easier—and a lot safer for children. When Rizk’s oldest child was 5 years old, she attended a child passenger safety check and, to her surprise, a technician informed…
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