Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

CONGRESS TARGETS CHINESE INFLUENCE IN HEALTH TECH. IT COULD COME WITH TRADEOFFS

Techlife News

|

September 21, 2024

A California biotechnology company that helps doctors detect genetic causes for cancer is among those that could be cut out of the U.S. market over ties to China, underscoring the possible tradeoffs between health innovation and a largely bipartisan push in Congress to counter Beijing's global influence.

CONGRESS TARGETS CHINESE INFLUENCE IN HEALTH TECH. IT COULD COME WITH TRADEOFFS

The competition between the world's superpowers is hitting Complete Genomics, whose employees, some in white lab coats stitched with U.S. flag arm patches, spin samples in test tubes and huddle around computers in San Jose. Its founder and chief scientific officer said he's frustrated that geopolitics is interfering with science.

"It's just a loss for the research and for the industry," Radoje Drmanac said.

The U.S. House overwhelmingly passed the BIOSECURE Act, which cites national security in preventing federal money from benefiting Complete Genomics and four other companies linked to China. They work with U.S. drugmakers to develop new medications or help doctors diagnose diseases.

It is part of a sweeping package of bills aimed at countering China's influence and power, especially in technology, that Congress largely backed last week. The biotech measure, which cleared the House with a 306-81 vote, now heads to the Senate.

Supporters say the legislation is necessary to protect Americans' health care data, reduce reliance on China in the medical supply chain and ensure the U.S. gains an edge in the biotech field, which both countries call crucial to their economy and security.

Opponents say the bill, which would ban China-linked companies from working with firms that receive U.S. government money, would delay clinical trials and hinder development of new drugs, raise costs for medications and hurt innovation.

Rep. Brad Wenstrup, an Ohio Republican and the bill's sponsor, said House approval was the first step in protecting Americans' genetic data and reversing the trend of relying on Beijing for gene testing and basic medical supplies.

MORE STORIES FROM Techlife News

Techlife News

Techlife News

AMAZON'S AUTOMATION PLAN COULD REPLACE 600,000 JOBS BY 2033

Amazon is accelerating its shift toward automation across its U.S. operations, in what analysts describe as one of the largest workforce restructurings in the company's history. Internal projections reviewed by multiple industry sources suggest that by 2033, Amazon expects to automate tasks equivalent to more than 600,000 human jobs, effectively reducing hiring needs even as its total output doubles. The long-term plan would see robots, artificial intelligence systems, and machine-learning tools taking over an expanding share of warehouse, logistics, and delivery operations.

time to read

2 mins

October 25, 2025

Techlife News

Techlife News

THE ALL-NEW VOLVO ES90 EV SEDAN: LUXURY MEETS ELECTRIC IN VERSATILE FORM

Volvo ES90 represents the Swedish automaker's first major push into a high-end electric sedan built on its dedicated 800-volt architecture and premium safety technology stack.

time to read

2 mins

October 25, 2025

Techlife News

Techlife News

APPLE CHALLENGES EU DIGITAL MARKETS ACT IN MAJOR COURT TEST

Apple has mounted a high-stakes legal challenge against the European Union's Digital Markets Act (DMA), a sweeping law designed to rein in the power of large technology platforms.

time to read

4 mins

October 25, 2025

Techlife News

Techlife News

AIRBNB CEO BRIAN CHESKY SAYS OPENAI TOOLS “NOT READY” FOR FULL CHATGPT INTEGRATION

Airbnb Chief Executive Officer Brian Chesky has publicly declared that OpenAl’s suite of tools is not yet mature enough to power the company’s core app experiences.

time to read

3 mins

October 25, 2025

Techlife News

Techlife News

AI CAN HELP THE ENVIRONMENT, EVEN THOUGH IT USES TREMENDOUS ENERGY

Artificial intelligence is often criticized for its substantial consumption of electricity and water—data centers powering AI now account for roughly 1.5% of global electricity usage, with projections showing that figure could double by 2030. Yet amid the concerns, researchers are discovering compelling ways in which AI itself may help tackle climate change and reduce environmental impact.

time to read

2 mins

October 25, 2025

Techlife News

Techlife News

APPLE FACES APP STORE CHALLENGES IN CHINA AMID NEW ANTITRUST COMPLAINT

Apple is once again confronting regulatory turbulence in China, where it now faces a formal complaint accusing its App Store of violating antitrust law and restricting consumer choice.

time to read

3 mins

October 25, 2025

Techlife News

Techlife News

MICROSOFT PRESSURES XBOX DIVISION TO HIT 30 PERCENT PROFIT TARGET, TRIGGERING INDUSTRY REVERBERATIONS

Microsoft has quietly been imposing a bold new standard on its gaming arm—demanding that its Xbox studios deliver operating margins near 30 percent, a figure far above industry norms.

time to read

2 mins

October 25, 2025

Techlife News

Techlife News

RIVIAN CUTS 600 JOBS AS EV MARKET COOLS AND INCENTIVES FADE

Rivian Automotive has announced plans to lay off approximately 600 employees, about four percent of its U.S. workforce, in a renewed effort to reduce costs and navigate the growing turbulence in the electric vehicle market. The decision underscores a turning point for the California-based automaker, which is facing declining EV demand, the expiration of key tax credits, and intensifying competition from both established carmakers and newer electric rivals.

time to read

3 mins

October 25, 2025

Techlife News

Techlife News

MACBOOK PRO M5 VS. M4: WHAT'S NEW IN APPLE'S LATEST MODEL

Apple's newest 14-inch MacBook Pro with the M5 chip continues the company's steady march toward professional computing built entirely on its own silicon.

time to read

4 mins

October 25, 2025

Techlife News

Techlife News

YOUTUBE LAUNCHES AI LIKENESS DETECTION TO FIGHT DEEPFAKES AND IDENTITY MISUSE

YouTube has unveiled an Al likeness detection tool designed to protect creators from unauthorized use of their face or voice in Al-generated videos.

time to read

3 mins

October 25, 2025

Listen

Translate

Share

-
+

Change font size