Biden announces new support for US biotech manufacturing

U.S. President Joe Biden speaks to reporters before boarding Air Force One from Andrews Air Force Base in Maryland on September 12, 2022. – Biden will travel to Boston to deliver Basis Law remarks his bipartisan infrastructure, as well as Sentencing Cancer.

Mandel Ngan | AFP | beautiful pictures

President Joe Biden is launching a new initiative to encourage biotech manufacturing and research in the US, the latest move by the White House to boost the domestic industry.

On Monday, Biden signed an executive order implementing the initiative and will later, in a speech at the John F. Kennedy Presidential Library in Boston, address how biotechnology can help against cancer. On Wednesday, the Democratic presidential administration will hold a summit and announce new investments from several federal agencies, according to a White House fact sheet.

This initiative will seek to promote bio-feng shui production in pharmaceuticals as well as in other industries such as agriculture, plastics and energy. A senior administration official would not say the amount of the funding will be announced on Wednesday.

The fact sheet says that bio-feng shui production processes can program bacteria to produce special chemicals and compounds. Bio-feng shui production can be used to create alternatives to petroleum-based chemicals, plastics, and textiles.

The executive order follows bipartisan legislation Biden signed last month, providing $52 billion to subsidize semiconductor manufacturing, construction of new chip factories and research and development in the United States. .

That act is intended to reduce the U.S. economy’s reliance on foreign-made semiconductors, especially in Taiwan, and respond to greater Chinese efforts to develop the chip industry. their own.

Biden touted the benefits of semiconductor law on Friday, at a stopover in Columbus, Ohio, where the chip giant Intel succeeded on a new $20 billion plant.

The administration official, who was not authorized to speak publicly and spoke on condition of anonymity, said the White House wants to support the production of biotech products developed in the US, rather than seeing American innovations. produced abroad.

“We are aiming to expand our domestic bio-feng shui production capacity so that more of what is invented in the US is produced in the US,” the official said. “Other countries, including and especially China, are actively investing in this sector, which puts U.S. leadership and competitiveness at risk.”

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