tldrdaily.news logo
Tag

National Security Concerns

All articles tagged with #national security concerns

health1 year ago

"U.S. Legislation Threatens Drug Supply Chain and Biotech Firms"

Lawmakers are scrutinizing WuXi AppTec, a major Chinese company, over potential ties to the Chinese government, which has raised concerns about the U.S. supply chain for key drugs. The company is deeply involved in the development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V., and other illnesses, and its potential disconnection from U.S. pharmaceutical interests has rattled the biotech industry. Despite its significant role in the U.S. medicine chest, the Congressional spotlight on the company has led to discussions about potential national security threats and the impact of severing ties with the company.

via The New York Times|
#chinese-company#congressional-scrutiny#drug-supply-chain
technology2 years ago

Examining the Risks of China's Semiconductor Imports for US

The US Department of Commerce will conduct a survey of the US semiconductor supply chain and national defense industrial base to address national security concerns related to Chinese-sourced chips. The survey aims to identify how US companies are sourcing legacy chips and reduce national security risks posed by China. A report released by the department highlighted China's substantial subsidies to its semiconductor industry, creating an unlevel playing field for foreign competitors. The survey will also help promote a level playing field for legacy chip production and address non-market actions by foreign governments.

via Reuters|
#china#legacy-chips#national-security-concerns
business2 years ago

Controversial US Steel sale sparks bipartisan opposition and concerns over American brands' authenticity

Bipartisan opposition is growing to the proposed $14.1 billion acquisition of US Steel by Japan's Nippon Steel, with Republican senators and Democratic lawmakers expressing concerns about national security and the future of the American steel industry. However, experts believe it is unlikely that the Committee on Foreign Investment in the United States (CFIUS) will block the deal, as it has never done so for a Japanese buyer. Despite the political pressure, the final decision rests with President Biden, who is unlikely to reject the deal due to the potential impact on US-Japan relations. US Steel officials remain confident that the deal will receive regulatory approval.

via CNN|
#bipartisan-opposition#business#foreign-investment
crime2 years ago

Elite Brothel Bust Raises National Security Concerns and Sheds Light on Sex Trade Legalities

The Justice Department has busted a high-end sex ring in Virginia, raising concerns about national security as politicians, military officers, and government contractors with security clearances were among the alleged clients. The DOJ arrested three individuals involved in operating the brothels, which were located in apartment buildings in Fairfax and Tysons. Experts warn that the involvement of foreign nationals in the brothel could have potential national security implications, including the possibility of blackmail. The investigation is ongoing, and authorities urge anyone with information to contact the FBI.

via FOX 5 DC|
#brothel-bust#crime#military-officers
national-security2 years ago

Arkansas Compels Chinese-Owned Seed Producer to Divest 160 Acres Over Security Worries

The state of Arkansas is forcing a Chinese-owned seed producer, Syngenta, to sell 160 acres of farmland within the next two years due to national security concerns. The company, acquired by China National Chemical Corp in 2017, is on the US Department of Defense's list of Chinese military companies posing a threat to national security. Arkansas Governor Sarah Huckabee Sanders stated that seeds are considered technology, and hostile countries could exploit knowledge of American farming practices. The state's Attorney General, Tim Griffin, announced a fine for Syngenta for failing to disclose its foreign ownership. The move marks the first enforcement of a law banning foreign entities from owning agricultural land in Arkansas.

via New York Post |
#arkansas#chinese-owned-seed-producer#farmland
technology2 years ago

Montana Governor Implements Statewide TikTok Ban

Montana has become the first state to ban TikTok, with fines of $10,000 per day on any mobile store making the app available and on TikTok itself if it operates the app within the state. The law takes effect Jan. 1, 2024. The ban is likely to face legal challenges, with the American Civil Liberties Union accusing the governor of “flouting the First Amendment.” The ban is part of a wider effort to protect Montanans’ private data and sensitive personal information from being harvested by the Chinese Communist Party.

via The Washington Post|
#chinese-communist-party#first-amendment#montana