Sec. 936 in the Senate
Tax reform legislation, which passed the Senate Finance Cmte. May 7 by a 20-0 vote and has been praised by Democrats and Republicans in both houses of Congress and by President Reagan, reportedly retains possessions corporation tax credits under Section 936 of the tax code. It also adds language to liberalize the use of passive income for the Caribbean Basin Initiative. Majority Leader Dole (R-Kansas) said he plans to take up the bill on the Senate floor on June 2.
You may also be interested in...
Cosmetics Europe Talks Microplastic: ECHA Frustrations, ‘Value Judgments’ And International Trade Uncertainty
The European Chemicals Agency's microplastic restriction proposal received committee backing in 2020 without changes sought by the cosmetics industry, which faces €15bn in projected costs and scarce alternatives at present. It may come down to EU Member States to decide whether the ECHA restriction proposal is proportionate in balancing environmental goals and socio-economic impacts.
Roche/Genentech oncology partnering maintained a robust dealmaking pace through the pandemic, keeping the percentage of partnered R&D programs at about 50% of the cancer drug pipeline.
To mitigate pandemic disruption of component supply chains, the US FDA said it will downgrade some post-approval change categories for sterile drug container closure systems. The downgrade will cover drugs in shortage and those used to treat COVID-19.