Biden’s Patent Madness
When the Biden administration announced in early May that it supported suspending global intellectual-property protections for COVID-19 vaccines, much of the world applauded. Advocates for the waiver of the so-called Trade-Related Aspects of Intellectual Property Rights (TRIPS) argued that relaxing patent rights for the medicines developed by Pfizer, BioNTech, Moderna, AstraZeneca, and Johnson & Johnson would enable generic manufacturers the world over to produce much cheaper yet equally effective vaccine doses in mass quantities and swiftly distribute them to the neediest places on the planet.
“This is a global health crisis,” U.S. Trade Representative Katherine Tai said in a press release, “and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures.” While the Biden administration “believes strongly in intellectual property protections,” its “aim is to get as many safe and effective vaccines to as many peopl
China executes former top banker in bribes, bigamy case
Published January 29, 2021 8:26pm China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported. Lai Xiaomin, the former chairman of Huarong one of China s largest state-controlled asset management firms was put to death by a court in the northern city of Tianjin, CCTV said. The amount of bribes received by Lai Xiaomin was extremely large, the crime s circumstances were particularly serious and the social impact was particularly severe, CCTV quoted the Chinese Supreme People s Court as saying, which reviewed and approved the execution order.
China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case The report did not specify how Lai Xiaomin was executed, but said he was allowed to meet with close relatives before his death.
Lai Xiaomin was convicted and sentenced earlier this month
Beijing:
China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, the former chairman of Huarong one of China s largest state-controlled asset management firms was put to death by a court in the northern city of Tianjin, CCTV said.
BEIJING (AFP) - China on Friday (Jan 29) executed a former top banker accused of taking US$260 million (S$344.9 million) worth of bribes, as well as other forms of corruption and bigamy, state broadcaster CCTV reported.
Lai Xiaomin, the former chairman of Huarong - one of China s largest state-controlled asset management firms - was put to death by a court in the northern city of Tianjin, CCTV said. The amount of bribes received by Lai Xiaomin was extremely large, the crime s circumstances were particularly serious and the social impact was particularly severe, CCTV quoted the Chinese Supreme People s Court, which reviewed and approved the execution order, as saying.