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Real-time News
On August 20th, Norwegian State Secretary Andreas Kravik met with Jeff Goettman, Deputy Trade Representative for Europe and other regions at the Office of the United States Trade Representative. They discussed the additional 12.5% tariff imposed by the United States last month on Norwegian exports (a rate higher than that faced by EU goods entering the US market), and the possibility of further tariff increases. Goettman stated after the meeting, "We are very likely to face even higher tariffs. We should be aware of this."On August 20th, the "Shandong Province Pharmaceutical Industry 15th Five-Year Plan Development Action Plan (Draft for Comments)" was released for public comment. The plan emphasizes cultivating more than 10 leading enterprises in the provincial-level modern pharmaceutical industry chain, building an industrial ecosystem characterized by "leading innovative drug companies and complementary advantages in subdivided sectors." It encourages leading companies to grow stronger and achieve large-scale, intensive development through mergers, acquisitions, and strategic cooperation, thereby enhancing their ecosystem dominance and core competitiveness. The plan leverages the advantages of leading companies in technology, capital, brand, and market to lead the formation of innovation consortia, compile a catalog of key common technologies in the industry chain, and guide upstream and downstream enterprises in collaborative research. It also promotes leading companies to open up their supply chain and innovation chain resources, driving the integrated development of SMEs and forming a development pattern of leading companies, chain collaboration, and cluster-based progress, consolidating the leading advantage in the pharmaceutical industrys scale.On August 20th, the "Shandong Province Pharmaceutical Industry 15th Five-Year Plan Development Action Plan (Draft for Comments)" was released for public comment. The plan focuses on major infectious diseases, respiratory infections, malignant tumors, drug-resistant infections, autoimmune diseases, metabolic diseases, and central nervous system diseases. It aims to accelerate the development of key areas such as monoclonal antibody drugs, bispecific antibodies, trispecific antibodies, antibody-drug conjugates, recombinant proteins, cell and gene therapy drugs, innovative vaccines, and marine biopharmaceuticals, promoting breakthroughs in core technologies and accelerating industrialization. Specifically, it prioritizes the development of antibody drugs targeting the treatment of malignant tumors, hematological diseases, autoimmune diseases, metabolic diseases, ophthalmic diseases, nervous system diseases, cardiovascular diseases, and anti-infective diseases. Support will be given to the development of innovative technology platforms such as multifunctional antibody drugs, antibody fusion proteins, nanobodies, combination antibodies, antibody combination preparations and high-concentration preparations, as well as novel ADC drugs, to improve industrialization capabilities.Ukrainian President Zelensky: Russia launched a massive nighttime attack on gas infrastructure in the Chernihiv region of Ukraine.On August 20, the Russian Ministry of Defense announced that the Russian Pacific Fleet conducted missile strikes against targets near the coast of the Southern Kuril Islands (known as the "Northern Territories" in Japan) during a planned exercise. The targets simulated enemy ships at a distance of over 300 kilometers. The Guards cruiser Varyag launched two Volcano anti-ship missiles, and the nuclear-powered submarine Omsk launched Granit cruise missiles. Simultaneously, the Bastion coastal defense system from the Kuril Islands conducted strikes using Onyx missiles.
