How Trump and Harris would influence the US biotech industry
Donald Trump’s approach: Regulatory Easing Trump would likely continue his deregulation efforts. His previous presidency was characterized by attempts to reduce regulatory hurdles for the biotech industry. This could lead to faster product launches but also carries potential risks regarding safety and quality control. Research Funding Trump’s stance on research funding is ambivalent. While he has indicated support for higher NIH budgets, many in the industry fear cuts to research funds. A survey showed that 57.11% of biotech executives expect negative impacts on NIH research funding. STEM Education and Workforce There are concerns that STEM initiatives would not be a priority under Trump. 51.74% of respondents believe STEM education would be neglected. This could lead to a long-term shortage of skilled workers in the industry. International Collaboration Trump’s „America First“ policy could hinder international collaboration in biotechnology. There are concerns…


