Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Senate targets Chinese biotech, investments in defence bill
    Investments

    Senate targets Chinese biotech, investments in defence bill

    October 9, 20252 Mins Read


    The US Senate backed legislation that would bar certain Chinese biotech companies from receiving federal funding and prohibit American investments in sensitive Chinese industries late Thursday night.

    Both bipartisan measures were added to the National Defence Authorisation Act on voice votes, reflecting widespread support. The House and Senate must agree on identical bills and have it signed by President Donald Trump for it to become law.

    Yet even with the Senate vote, it’s not certain the provision will ultimately become law. For example, last year’s version of the Biosecure Act was omitted from the final Defence policy bill amid concerns by some lawmakers about naming specific companies.

    This year’s Biosecure Act is written slightly differently. It would instead bar biotech companies from US funding that are deemed to be “biotechnology companies of concern.” Those could include Chinese military companies, as well as others that meet certain criteria, although the administration would have the ability to grant one-year waivers.

    “The threat is real and growing,” said Senator Bill Hagerty, a Tennessee Republican. “Communist China has openly identified biotechnology as a key domain for future warfare.”

    While the revised Biosecure Act doesn’t name companies that may face future scrutiny, firms previously targeted by Hagerty and Michigan Democrat Gary Peters included BGI Group, BGI spinoffs MGI Tech Co. and MGI’s US subsidiary Complete Genomics Inc., WuXi AppTec Co. and WuXi Biologics.

    Another measure added to the annual Defence policy bill is the FIGHT China Act, by Texas Republican John Cornyn and Nevada Democrat Catherine Cortez Masto.

    That measure would target outbound investment in China and authorise sanctions. Among other provisions, it would prohibit US investment in certain AI models, hypersonic missiles, advanced semiconductors, quantum computers and military products.

    Read Also: WeWork India shares set to make stock market debut after tepid response to ₹3,000 crore IPO



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Origin Investments’ Michael Episcope On Life After The Shutdown

    Investments

    Mike Tyson’s ‘quit’ statement to Tyson Fury says everything about retirement

    Investments

    Eddie Hearn claims Conor Benn will box Chris Eubank Jr into RETIREMENT in grudge rematch – despite his fighter coming up short in their first bout

    Investments

    What will it look like? And how can you best prepare for it now?

    Investments

    Rock icon announces retirement after 60 years in legendary bands

    Investments

    PMO reviews Press Note 3; likely to ease restrictions on investments from neighbouring countries such as China

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Government issues reminder that millions could save £150 off energy bills – if they qualify

    Commodities

    Oil settles up as signs of US-Iran impasse counter economic concerns

    Investments

    SmartCrowd Unveils Flip for Dubai Property Investments

    Editors Picks

    Real estate attorney Daniel Boldi, of Garden City, admits to stealing more than $5 million from clients in transactions

    October 18, 2024

    PRECIOUS METALS – Gold holds below record high as investors await clarity on Fed cuts – RHA Ajans

    August 21, 2024

    Building America’s Tomorrow: 3 Long-Haul Investments to Consider

    May 23, 2025

    Javier Milei in turmoil for encouraging the purchase of an obscure cryptocurrency

    February 17, 2025
    What's Hot

    Early Experiments In Digital Cash

    April 8, 2025

    Six Iconic Real Estate Leaders to Be Inducted in 2024 RISMedia’s Newsmakers Hall of Fame — RISMedia

    August 21, 2024

    Spanish town launches its own digital currency « Euro Weekly News

    September 27, 2025
    Our Picks

    What every retiree and saver needs to know

    August 11, 2025

    Could Investing $7,500 in Some Dividend ETFs Make You a Millionaire?

    June 18, 2025

    Understanding Traders: Roles, Strategies, and Skills

    August 25, 2025
    Weekly Top

    Origin Investments’ Michael Episcope On Life After The Shutdown

    November 14, 2025

    Trump Lifts Tariffs on Key Commodities Amid Economic Pressures

    November 14, 2025

    Mike Tyson’s ‘quit’ statement to Tyson Fury says everything about retirement

    November 14, 2025
    Editor's Pick

    Digital Asset Funds Sees $3.4 Billion Inflow As Investors’ Interest Shifts

    April 28, 2025

    Seattle Housing Market Trends and Forecast 2024

    August 13, 2024

    Flash Metal Suicide: Discharge | Louder

    August 6, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.