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#biotech

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"Pharmaceutical products and chemicals are the bloc’s No. 1 export to America. Among them are the weight-loss blockbuster Ozempic, cancer treatments, cardiovascular drugs and flu vaccines. Most are name-brand drugs that yield a large profit in the American market, with its high prices and vast numbers of consumers.

“These are critical things that keep people alive,” said Léa Auffret, who heads international affairs for BEUC, the European Consumer Organization. “Putting them in the middle of a trade war is highly concerning.”

European companies could react to Mr. Trump’s tariffs in a range of ways. Some pharmaceutical companies trying to dodge the tariffs have already announced plans to increase production in the United States, which Mr. Trump wants. Others could decide to move production there later.

Other companies appear to be staying put, but could raise their prices to cover the tariffs, pushing up costs for patients. And higher prices could affect not only American consumers, but also patients in Europe. Some companies have begun to argue that Europe should create more favorable conditions for their businesses by dismantling some of the rules that keep drug prices down.

Or some middle ground could play out: Companies might shift their financial profits to the United States for accounting purposes to avoid import charges, even as they leave their physical factories overseas to avoid the expenses of moving and challenges of having to set up new supply chains."

nytimes.com/2025/04/27/world/e

Employees at Bayer’s pharmaceutical production plant in Berlin. President Trump is considering tariffs on pharmaceuticals, which are the European Union’s No. 1 export to the United States.
The New York Times · Europe’s Pharma Industry Braces for Pain as Trump Tariff Threat LoomsBy Jeanna Smialek
#USA#Trump#Tariffs

"Chief Executives don’t usually brag about paying high tax rates.
But with pharma tariffs looming, being a tax sucker is suddenly a badge of safety in the industry. That isn’t because Wall Street is suddenly in love with taxes. Rather, with so much uncertainty, investors are prizing biotech companies that base their intellectual property and manufacturing in the U.S., which up until now often meant higher taxes.

On a Thursday earnings call, Gilead Sciences Chief Executive Daniel O’Day proudly pointed out that the biotech’s corporate tax rate of approximately 20% “reflects the fact that the substantial majority of our intellectual property is already registered in the United States.”

Before the Trump era, many pharma and biotech firms established intellectual property and manufacturing operations in low-tax hubs such as Ireland. This allowed them to reduce their tax bills through transfer pricing. Essentially, the Irish unit of the company sells the drug to a U.S. unit at a high internal “transfer price,” enabling the parent company to book most of the profit in the lower-tax jurisdiction. (Ireland currently offers a headline 15% corporate tax rate to big companies, compared with 21% in the U.S.) On paper, the U.S. unit appears to earn little—even though the end-sales are largely happening in America.

While the 2017 tax overhaul under Trump was meant to curb offshore profit shifting, in practice it left key loopholes intact.

Now the second Trump administration appears to be preparing to use tariffs to target the practice, with the goal of inducing companies to increase manufacturing in the U.S. Earlier this month, the Trump administration—which has repeatedly lambasted Ireland for luring American pharma companies—announced probes into pharmaceutical imports, citing national-security concerns."

wsj.com/finance/stocks/wall-st

#USA#Trump#Tariffs
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If the #cost of launching and operating a #SpaceStation drops 📉 sufficiently, it will become feasible to conduct a number of industrial processes in #orbit. We are not talking about specific experiments here, but of #serial production processes conducted at scale. Some specialized industrial processes can be done more efficiently in space 🌌, because of the absence of #gravity, particularly some #biotech applications with tangible applications on Earth aerotime.aero/articles/how-sta

AeroTime · Starlab Space Swiss partnership to launch next space statioHow Starlab Space partnered with Swiss research institutions to develop the next generation of commercial space stations

In recent years, focus on career and delayed marriage age is driving some women to consider preserving their fertility through egg freezing. The steep cost, however, is out of reach for some. Here’s where Cofertility, a startup founded by former Uber exec Lauren Makler and health tech investor Halle Tecco, provides an option. Read about it at @Techcrunch:

flip.it/nG7Zm4

TechCrunch · Cofertility's radical model for women: Freeze your eggs for free by donating half of them | TechCrunchIn recent years, focus on career and delayed marriage age is driving some women to consider preserving their fertility through egg freezing. But the steep

Ridiculous rationalization:

#Trump’s #interior sec cited a #biotech company’s claim to have brought back the dire wolf to slash 50 years of #EndangeredSpecies protections.

Many scientists expressed skepticism that the pups could be classified as part of a canine species that went #extinct over 10k years ago. But Interior Secy #DougBurgum said the achievement demonstrates that it is not government #regulations but innovation that will save species.