China's WuXi AppTec In Crosshairs of US Draft Biosecurity Bill
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- Опубліковано 25 сер 2024
- A draft US law is casting a cloud over some Chinese pharma firms, as it aims to block certain foreign biotech companies from accessing US federal contracts on national security grounds. Bloomberg's Michelle Cortez and Bernstein's Rebecca Liang discuss the implications.
If you cant beat them ban them.
WuXi is, at best, a medium size biotech company. It's a supplier of biologics and services. That's nowhere close to the big bucks that the large pharmaceutical companies are making. There is nothing to beat here.
@@lepidoptera9337 pretty sure western imperialists see the potential of this company- hence the steps to ban them. Western hegemony is coming to an end.
@@lepidoptera9337the big pharma companies contract the actual work out to wuxi. Gives Pharma companies like Pfizer and Eli lily more time to run tv ads and bribe politicians.
@@lepidoptera9337WuXi is neither a biotech nor a pharma company; they occupy completely different niches of the industry. WuXi's customers are biotechs and pharmas, it's like the difference between TSMC and Nvidia. Please get your facts right.
@@pettypractice7872 What about "It's a supplier of biologics and services." did you not understand just now?
The point I was making is that WuXi is NOT a competition to the large American companies and it is not even a competition to small biotechs, either. If you want to be specific about CDMOs, then WuXi still ranges behind Samsung Biologics and Lonza. Is the p*ing match over now? ;-)
THERE ARE OVER 2000 AMERICAN COMPANIES OPERATING IN CHINA. THEIR GROSS REVENUE LAST YEAR WAS ALMOST 480 BILLION DOLLARS. AND AMERICAN EXPORTS TO CHINA WAS AROUND 158 BILLION. CURRENTLY CHINA IS WORKING ON LIFTING ANOTHER 300 MILLION CHINESE CITIZENS OUT OF POVERTY. BASED ON EVERY ECONOMIC FACT, CHINA IS THE WORLDS LARGEST CONSUMER MARKET FOR RHE FORDEABLE FEATUR AND THE NEW LEADER IN GLOBAL GDP GROWTH. I AN AMERICAN BUSINESS MAN AND I LOOK AT DATA AND NUMBERS NOT EMOTIONS..THIS COUNTRY IS BECOMING A JOKE.
😭😭😭😭
Your English writing is of a 7th grader at best, and to passed yourself off to be an American business man. I question the validity of your claim. lol 😩😩😩😊
Your English at best a 7th grader writing. To passed yourself off as an American business man is very amusing. lol 😂 😂
youre a idiot
Totally an "American businessman" who is normal and funxtional and not a dumbass paid commenter. You keep using caps lock for all your comments on this channel.
Keep shilling for China you bot.
Losers focus on winners, winners focus on winning
Top ten pharmaceutical companies in the world by marketcap. Do you see China on the list? I don't. ;-)
1 Eli Lilly LLY $578.3B 🇺🇸 U.S.
2 Novo Nordisk NVO $452.8B 🇩🇰 Denmark
3 Johnson & Johnson JNJ $377.7B 🇺🇸 U.S.
4 Merck MRK $263.9B 🇺🇸 U.S.
5 AbbVie ABBV $261.2B 🇺🇸 U.S.
6 Roche ROG.SW $222.4B 🇨🇭 Switzerland
7 AstraZeneca AZN $212.2B 🇬🇧 UK
8 Novartis NVS $201.1B 🇨🇭 Switzerland
9 Pfizer PFE $181.3B 🇺🇸 U.S.
10 Amgen AMGN $152.0B 🇺🇸 U.S.
it would be a stupid choice to ban
Wuxi
Banning WuXi AppTec would cause the American pharmaceutical industry to lose its competitiveness in the world.
Global Investors keeping the EV sector charging Up in March. Loading the Dips for Larger Long-term Gains. FSR . Fisker. PSNY.. Polestar. CHPT .. ChargePoint...NIO ..Xos Trucks... Archer.Evtol Jets .ACHR, more
Since when did hard landing become synonymous with a worst case scenario?
Pass the bill
Says the xenophobic imperialists.
🤡
she is member of world famous family the ou, but she is marry to my cousin, we own the golden triangle drug trade
Rebecca is beautiful
ban them
Uncle Sam is a laughing stock 🤡
WuXi is an extension of the Chinese 🇨🇳 PLA.
Prove it !
lie
I've seen these two in almost all China related issues on social media....
I bet these two commentor is a genuine Chinese CCP-PLA Bots or Trolls
5:26 did anyone else catch the Chinese girls admission to giving American men and women life threatening medicines??? Time stamp.
Get used to it 🇨🇳
illuminati
You really have a very poor comprehension and you should take off your blinders. What was mentioned is that if they ban this company then the health of Americans would be threatened, because they are the dominating company for producing the drugs needed for life threatening diseases.
@anthonyyoung6489, You are fxxking sick, she is an analyst who just misspoke on TV , and quickly corrected as "life saving medicines". This world is a worse place because of people with twisted mind like you.
She's not proficient in spoken English.
🤷
Speak English.
Garbages new all the times........!!!!!!!!!