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Image is from this article, of a Chilean copper quarry.

Title is a reference to Trump's social media post about copper, which was, as usual, mostly deranged.


Trying to follow Trump's administration is pretty difficult, but as of right now, he is threatening 30% tariffs on Mexico and the EU starting on August 1st, as well as new tariff announcements on a bunch of other countries (including, bizarrely, a 50% tariff on Brazil), and also apparently a 50% tariff on copper, which the US imports half its supply of and is, of course, a very important metal in many applications.

I'm not sure what the plan is to bring back domestic copper production beyond hoping that it just sorta works out, but prominent copper producers, such as Chile and Canada, seem both concerned and confused. Reuters had a line that made me chuckle:

Boric said he was awaiting official communication from the U.S. government, including whether the tariffs would include copper cathodes, and questioned "whether this will actually be implemented or not."

Big mood, Boric.


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[–] xiaohongshu@hexbear.net 51 points 20 hours ago* (last edited 20 hours ago) (2 children)

China Biotech’s Stunning Advance Is Changing the World’s Drug Pipeline Bloomberg

Chinese biotech's advance has been as ferocious as the nation's breakthrough efforts in AI and EVs, eclipsing the EU and catching up to the US

The biotechnology industry is experiencing a tectonic shift, driven by Chinese drugmakers who have come a long way from their copycat days to challenge Western dominance on innovation.

The number of novel drugs in China — for cancer, weight-loss and more — entering into development ballooned to over 1,250 last year, far surpassing the European Union and nearly catching up to the US’s count of about 1,440, an exclusive Bloomberg News analysis showed. And the drug candidates from the land once notorious for cheap knock-offs and quality issues are increasingly clearing high bars to win recognition from both drug regulators and Western pharmaceutical giants.

The findings, gleaned from an analysis of a database maintained by pharma intelligence solutions provider Norstella, show a fundamental shift in medical innovation’s center of gravity. With President Donald Trump already threatening tariffs on the pharmaceutical sector, China's biotech advances — the scale of which is slowly coming into view — risk becoming another realm of superpower rivalry like artificial intelligence and electric vehicles.

“The scale itself is not something we’ve seen before,” said Helen Chen, managing partner at LEK Consulting in Shanghai, who has advised healthcare companies on their China strategy since 2003. “The products are here, they’re attractive and they’re fast.”

This shift has occurred at an unprecedented pace. When China began to overhaul its drug regulatory system in 2015, the country had just 160 compounds to contribute to the global pipeline of innovative drugs, or less than 6% of the total, behind Japan and the UK. The reforms helped streamline reviews, enforced data quality standards and improved transparency. The government’s ‘Made in China 2025’ plan to elevate manufacturing in 10 priority sectors also helped spur a flurry of investments in biotechnology. Altogether, they unleashed a boom led by foreign-educated and -trained scientists and entrepreneurs.

“Not only is it now almost at parity with the US but it has that growth trajectory,” said Daniel Chancellor, vice president of thought leadership at Norstella. “It wouldn’t be sensationalist to suggest that China will overtake the US in the next few years purely in terms of numbers of drugs that it’s bringing through into its pipeline.”

Read the rest in the article.

[–] jack@hexbear.net 33 points 19 hours ago (1 children)

No! I thought this was the one industry that China somehow wouldn't become the world leader in!

[–] xiaohongshu@hexbear.net 22 points 18 hours ago

And Trump wants to kill American science by defunding them lol.