President Joe Biden signed an Executive Order to launch a National Biotechnology and Biomanufacturing Initiative that will help boost Boost U.S. biotechnology and biomanufacturing sectors.
The initiative will drive federal investments in areas that will define U.S. biotechnology leadership and our economic competitiveness in the coming decades, senior administration officials said in a news conference.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.