Berliner Boersenzeitung - Biden promotes US biotech, cancer fight in new 'Moonshot'

EUR -
AED 4.236315
AFN 75.553019
ALL 93.275221
AMD 422.35737
AOA 1058.934265
ARS 1729.981574
AUD 1.638434
AWG 2.076341
AZN 1.950687
BAM 1.956959
BBD 2.323075
BDT 142.778861
BHD 0.434948
BIF 3453.244413
BMD 1.153523
BND 1.477975
BOB 13.708472
BRL 5.882279
BSD 1.153383
BTN 109.752598
BWP 15.568217
BYN 3.434433
BYR 22609.049164
BZD 2.319643
CAD 1.616126
CDF 2606.961815
CHF 0.934567
CLF 0.026734
CLP 1055.612189
CNY 7.785184
CNH 7.782807
COP 3648.558379
CRC 524.321776
CUC 1.153523
CUP 30.568357
CVE 110.333668
CZK 24.263276
DJF 205.391597
DKK 7.475497
DOP 67.329861
DZD 153.461287
EGP 57.417408
ERN 17.302844
ETB 186.159691
FJD 2.553842
FKP 0.857346
GBP 0.857708
GEL 3.016476
GGP 0.857346
GHS 13.535365
GIP 0.857346
GMD 85.360325
GNF 10130.304785
GTQ 8.80021
GYD 241.302858
HKD 9.049284
HNL 30.914302
HRK 7.536546
HTG 150.809283
HUF 364.573259
IDR 20594.998152
ILS 3.463666
IMP 0.857346
INR 109.83378
IQD 1510.89449
IRR 1585920.982023
ISK 142.572116
JEP 0.857346
JMD 183.168441
JOD 0.817863
JPY 182.641857
KES 149.279328
KGS 100.875887
KHR 4684.773512
KMF 492.554315
KRW 1633.35962
KWD 0.3563
KYD 0.961169
KZT 540.560026
LAK 26041.078389
LBP 103284.103894
LKR 386.869037
LRD 208.186862
LSL 18.737893
LTL 3.406053
LVL 0.697755
LYD 7.336566
MAD 10.74989
MDL 20.056874
MGA 4921.849865
MKD 61.568318
MMK 2421.882171
MNT 4148.114639
MOP 9.32038
MRU 46.367858
MUR 54.296451
MVR 17.833845
MWK 1999.984044
MXN 19.787625
MYR 4.718133
MZN 73.706953
NAD 18.737893
NGN 1574.178272
NIO 42.444576
NOK 10.973636
NPR 175.604157
NZD 1.964801
OMR 0.443526
PAB 1.153368
PEN 3.906131
PGK 5.097172
PHP 70.205705
PKR 320.207872
PLN 4.297507
PYG 6858.268371
QAR 4.216324
RON 5.25165
RSD 117.335195
RUB 94.993023
RWF 1696.00408
SAR 4.331163
SBD 9.307025
SCR 16.71581
SDG 692.701549
SEK 10.946638
SGD 1.477519
SLE 28.373249
SOS 659.190258
SRD 43.679872
STD 23875.595419
STN 24.514513
SVC 10.092281
SZL 18.734091
THB 38.130277
TJS 10.639999
TMT 4.043098
TND 3.388406
TRY 55.030658
TTD 7.817798
TWD 37.217249
TZS 3053.955373
UAH 51.658751
UGX 4296.674115
USD 1.153523
UYU 46.428896
UZS 13794.585318
VES 869.999961
VND 30227.491267
VUV 137.281209
WST 3.14729
XAF 656.345574
XAG 0.017986
XAU 0.000267
XCD 3.117454
XCG 2.078731
XDR 0.816917
XOF 656.365501
XPF 119.331742
YER 273.211973
ZAR 18.719641
ZMK 10383.097013
ZMW 21.769605
ZWL 371.433908
  • BCE

    0.0050

    22.775

    +0.02%

  • RIO

    1.4850

    101.135

    +1.47%

  • BCC

    2.5550

    86.815

    +2.94%

  • CMSD

    -0.0850

    21.895

    -0.39%

  • JRI

    0.1600

    12.82

    +1.25%

  • RBGPF

    0.0000

    69.74

    0%

  • NGG

    0.8200

    81.23

    +1.01%

  • BTI

    0.9900

    59.72

    +1.66%

  • RELX

    0.3835

    35.855

    +1.07%

  • RYCEF

    -0.3800

    20.62

    -1.84%

  • VOD

    0.1500

    16.15

    +0.93%

  • GSK

    0.5300

    52.7

    +1.01%

  • BP

    -0.4450

    41.785

    -1.06%

  • AZN

    0.4050

    160.415

    +0.25%

  • CMSC

    -0.0150

    21.705

    -0.07%

Biden promotes US biotech, cancer fight in new 'Moonshot'
Biden promotes US biotech, cancer fight in new 'Moonshot' / Photo: Mandel NGAN - AFP

Biden promotes US biotech, cancer fight in new 'Moonshot'

President Joe Biden issued an executive order Monday boosting the US biotech sector as part of his Cancer Moonshot initiative, which invokes the national effort to land a man on the Moon 60 years ago.

Text size:

The Democrat was in Boston for an address deliberately set to echo John F. Kennedy's famous 1962 "Moonshot speech" in which he called for landing an American on the lunar surface -- something achieved in 1969.

This time, Biden is pushing for government-backed efforts to coordinate and fund a multilayered fight against cancer, with the goal of halving cancer death rates in the next 25 years.

As he set off from Washington, Biden issued an order meant to bolster the trailblazing US biotech sector's efforts to take on growing commercial rivals in China.

The order brings federal support for "areas that will define US biotechnology leadership and our economic competitiveness in the coming decades," a senior Biden administration official told reporters.

The official said that while US biotech research leads the world, the industrial applications are increasingly in the hands of other countries.

"Unless we translate biotechnology innovation into economic and societal benefits for all Americans, other countries, including and especially China, are aggressively investing in this sector," posing a "risk," the official said.

The White House says the US biotech industry is on the cutting edge of medical advances -- recently seen in the rapid development of vaccines, tests and therapeutics to help manage the Covid-19 pandemic -- but that the potential scope goes much further.

The official speaking to reporters cited studies suggesting that "before the end of the decade, engineering biology holds the potential to be used in manufacturing industry that accounts for more than one third of global output. That's equivalent to almost $30 trillion in terms of value."

Growing areas for biotech industry include new plastics and rubbers, jet fuel, and environmentally friendly fertilizers.

- Personal issue for Biden -

The battle against cancer is personal for Biden: his son Beau died of brain cancer in 2015 when Biden was vice president to Barack Obama.

In his speech at the John F. Kennedy Library and Museum in Boston, Biden will lay out how his administration is seeking to slash cancer rates through a systemic revamp of government funding and support for everything from medical research to improving access to healthcare and better environmental conditions.

The linkage to the Moon program will seek to raise public awareness and support ahead of midterm congressional elections where the Democrats face the possibility of a Republican sweep in Congress, something which would severely complicate the next two years of Biden's first term.

Caroline Kennedy, the US ambassador to Australia and daughter of the assassinated JFK, told CNN she approved of the parallels drawn by Biden in the struggle to conquer the deadly disease.

"Sixty years after my father challenged Americans to land on the moon, President Biden is welcoming great challenges as new opportunities by setting us on a bold course to end cancer as we know it," she said.

Biden's focus on the cancer fight comes as NASA is once again looking to return to the Moon.

(A.Berg--BBZ)