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Biotech strategy launch, Newsletter

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Biotech strategy launch, Newsletter

Key diary dates

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Tuesday 19 March: European Parliament’s committee vote on the reform of EU pharmaceutical rules.

Wednesday 20 March: Presentation of the European Commission‘s first ‘EU Biotech and Biomanufacturing Initiative’.

Tuesday 19-Friday 22 March: European Commission organises Digital Markets Act workshops with gatekeepers.

In spotlight

This Wednesday (20 March) the European Commission is expected to unveil a new ‘EU Biotech and Biomanufacturing Initiative’ .

Despite half-hearted attempts at regulatory simplification in the sector in the past, life science technologies are increasingly drawing attention from policymakers.

Last month Euronews first reported on the health component of this initiative based on a leaked draft document that highlighted a focus on the vibrant biopharmaceutical sector – responsible for providing breakthrough messenger RNA (mRNA) molecules playing an essential role in COVID-19 vaccines.

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But biotech applications are not limited to the health sector, ranging from sustainable sourcing of advanced materials to climate-smart production and other components essential to a fossil-free and circular economy.

A ‘blue’ biotech is also emerging, with new research on aquatic organisms and microalgae fermentation ready for commercial exploitation – not to mention the potential of new genomic techniques (NGTs) for food production, already under discussion by EU lawmakers.

The main goals of this initiative will be to survey the status quo and track future challenges facing the biotech sector to orientate policy efforts in readiness for the next legislative mandate.

Some policy ideas are likely to be proffered, such as a one-stop shop to permit and authorise biotech manufacturing – while a controversial proposal for an R&I tax credit for biotech companies is rumoured to have been shelved for the moment.

This first dedicated attempt to address the sector won’t be the last, with economic security and strategic autonomy likely to be key buzzwords for the next commission.

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Biotech is expected to be a new beat to keep a close eye on and it has already been listed as a critical technology for the continent, together with semiconductors and artificial intelligence.

The defence imperative dominating current commission thinking involves European independence from military aircraft to sourcing these critical new technologies.

Policy newsmakers

@Hahn                                                                                                                   @Wiewiórowski

Commission under data notice

The European Commission was ordered last week to bring its use of Microsoft 365 office programs in line with its own rulebook, after European Data Protection Supervisor (EDPS) Wojciech Wiewiórowski found following an investigation that the commission breached EU rules on transfers of personal data outside the EU. The commission now needs to suspend all data flows resulting from its use of Microsoft 365 to Microsoft and to its affiliates and sub-processors located in countries outside the EU/EEA that are not covered by a data transfer agreement. The commissioner responsible for admin, Johannes Hahn, will have to demonstrate compliance with the orders by 9 December 2024.

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Massive 7.5-magnitude earthquake hits off Japanese coast, tsunami alert issued

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Massive 7.5-magnitude earthquake hits off Japanese coast, tsunami alert issued

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A strong earthquake took place off the northern coast of Japan Monday afternoon, prompting the Japan Meteorological Agency to put out a tsunami alert in the area.

The quake, registering a preliminary magnitude of 7.5, occurred off the coast of Sanriku in northern Japan at around 4:53 p.m. local time, at a depth of about 6 miles below the sea surface, the agency said.

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A television screen shows a news report on Japan Meteorological Agency’s tsunami warning, saying it expected tsunami waves of up to 3 meters (9.84 feet) to reach large coastal areas in northern Japan after an earthquake struck off the northeastern coast of Japan, in Tokyo, Japan April 20, 2026 (REUTERS/Issei Kato)

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A tsunami of around 2.6 feet was identified at the Kuji port in the Iwate prefecture while a tsunami of 1.3 feet was recorded at a different port in the prefecture, the agency indicated.

The Iwate prefecture put out non-binding evacuation advisories for those living in 11 towns.

A tsunami of as high as 10 feet could strike the region, the agency indicated.

RUSSIAN VOLCANO ERUPTS FOR FIRST TIME IN CENTURIES AFTER MASSIVE EARTHQUAKE STRIKES KAMCHATKA PENINSULA

A policeman picks his way through the debris looking for bodies in Rikuzentakata, Iwate prefecture, on March 22, 2011, after the devastating March 11 earthquake and tsunami.  (TORU YAMANAKA/AFP via Getty Images)

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A powerful 9.0 magnitude earthquake and tsunami in 2011 wreaked havoc in Japan, leaving over 22,000 dead and compelling nearly 500,000 people to flee their homes, most of them because of tsunami damage.

TRAVELERS MUST PAY FEE, PASS SCREENING BEFORE VISITING POPULAR DESTINATION UNDER NEW RULE

 In this satellite view, the Fukushima Dai-ichi Nuclear Power plant after a massive earthquake and subsequent tsunami on March 14, 2011 in Futaba, Japan. (DigitalGlobe via Getty Images via Getty Images)

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Around 160,000 fled their residences due to radiation from the Fukushima Daiichi nuclear power plant — around 26,000 have not come back because they resettled somewhere else, their hometowns are still off-limits, or they harbor concerns regarding radiation.

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The Associated Press contributed to this report

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Who is Rumen Radev, the former pilot who wants to give Bulgaria wings?

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Who is Rumen Radev, the former pilot who wants to give Bulgaria wings?

Bulgaria’s former President Rumen Radev, an EU critic who has called for renewing ties with Russia, hailed a “victory of hope” on Monday after his Progressive Bulgaria (PB) coalition topped the polls in Sunday’s election, the eighth such parliamentary vote in five years.

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Many voters see Radev, a former fighter pilot, as the only person capable of giving the corruption-plagued Balkan nation a fresh start.

The 62-year-old has presented himself as a defender of the lowest earners in the EU’s poorest country as he walks a tightrope on European issues.

He has hailed the benefits Bulgaria has reaped from EU membership while calling for dialogue with Russia as its full-scale invasion of Ukraine rages into a fifth year.

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“Bulgaria is in a unique position, because we are the only EU member state that is both Slavic and Eastern Orthodox,” Radev, who was president for nine years, said recently.

“That should be used … and we really can be a very important link in this whole process, which I am sure will sooner or later begin, to restore relations with Russia,” he added.

Last year, as president, he called for a referendum on Bulgaria’s entry into the eurozone, saying the Balkan country was not ready to join. Yet his proposal failed and Sofia adopted the joint European currency on 1 January.

Radev has also slammed military aid to Ukraine and the EU, trying to turn its back on Russian oil and gas.

“Geographically, economically, in terms of resources and as a market, we need to rebuild those relations,” he insisted.

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Raised fist

For sociologist Parvan Simeonov, Radev is hard to figure out, like many leaders in the region who, “depending on the visiting delegation, choose whether or not to fly the Ukrainian flag in the background.”

Radev insists he embodies distrust of the country’s elites and oligarchs, denying any links to them.

A graduate of the elite US Air War College, he later served as the head of the Bulgarian Air Force.

He entered politics in 2016 and later won a presidential election to the largely ceremonial post.

Born in 1963 in the southeastern town of Dimitrovgrad, the austere and reserved man lacks the polish of seasoned communicators.

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When he vows to regulate public tenders through AI or to reform the much‑criticised judicial system, he sometimes gives the impression of reciting a memorised text.

Yet he won over some liberal pro-European voters when he openly supported protesters at anti-corruption rallies in 2020.

Radev walked out of the presidential palace with his fist raised to join the protests that ultimately toppled conservative Prime Minister Boyko Borissov a year later.

Radev was re‑elected head of state in 2021 with two-thirds of the vote.

Modest lifestyle

Late last year, Radev once again backed anti-corruption protesters, and when the last government resigned in December, he stepped down as president to run in the election.

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Radev’s left-wing conservative movement, Progressive Bulgaria, brings together a plethora of figures including military officers, former socialist officials and athletes, and the union leader of the country’s main arms manufacturer, which has boomed from supplying Ukraine’s army.

Radev is campaigning to combat social inequalities and promote budgetary discipline without calling for radical change, said Simeonov.

His promises of a return to stability appeal to voters tired of facing election after election.

Married with two children and intensely patriotic, Radev also wooed voters with a modest lifestyle and his defence of what he calls family values.

A campaign video shot in a village shop that went viral showed Radev soothing the grocer, upset over rising prices and Bulgaria’s entry into the eurozone.

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Political instability

Sunday’s election follows five years of near-permanent crisis in which no government has survived a full term.

Instead, the country has cycled through caretaker administrations, fragile coalitions and short-lived alliances that have often collapsed amid scandal.

Public trust has all but evaporated. Voter turnout, once a barometer of democratic engagement, has entered a state of chronic decline.

This prolonged instability has unfolded against a backdrop of deepening internal divisions and mounting external pressure.

Russia’s full-scale invasion of Ukraine has exposed a stark fault line running through both society and the political class, one that continues to define the national conversation.

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And yet, paradoxically, Bulgaria has, in this same period, taken major steps forward in its European integration — joining Schengen and adopting the euro — often without a functioning government or even a passed state budget.

Meanwhile, delays in reforms have slowed access to EU recovery funds, raising the risk of losing billions.

More than 60% of the votes had been counted by Monday morning, according to the Central Electoral Commission, putting Radev’s PB in the lead with around 45%, an absolute majority of at least 132 seats in the 240-seat parliament.

The outcome of the election is set to not only shape Bulgaria’s domestic trajectory but will also be closely watched across the EU, as the bloc fears further instability in any of its member states.

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Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

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Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.

The price of U.S. crude oil increased 6.4% to $87.90 per barrel an hour after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 5.8% to $95.64 per barrel.

The market reaction followed more than two days of lifted hopes and dashed expectations involving the strait. Crude prices plunged more than 9% Friday after Iran said it would fully reopen the strait, which it effectively controls, to commercial traffic.

Tehran reversed that decision and fired on several vessels Saturday after President Donald Trump said a U.S. Navy blockade of Iranian ports would remain in effect. On Sunday, Trump said the U.S. attacked and forcibly seized an Iranian-flagged cargo ship that allegedly tried to get around the blockade. Iran’s joint military command vowed to respond.

Sunday’s higher prices wiped out much of the declines seen Friday, signaling renewed doubts about how soon ships will again transport the vast amounts oil the world gets from the Middle East.

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The US-Israeli war against Iran, now in its eighth week, has created one of the worst global energy crises in decades. Countries in Asia and Europe that import much of their oil from the Gulf have felt the most impact of halted supplies and production cuts, although rapidly rising gasoline, diesel and jet fuel prices are affecting businesses and consumers worldwide.

Asked when he thought U.S. motorists would again see gas cost less than $3 a gallon on average, Energy Secretary Chris Wright said prices at the pump might not go down that much until next year.

“But prices have likely peaked, and they’ll start going down,” Wright told CNN’s “State of the Union” on Sunday.

The price of crude oil — the main ingredient in gasoline — has fluctated dramatically since the U.S. and Israel attacked Iran on Feb. 28, and as Iran retaliated with airstrikes on other Gulf states. Crude traded at roughly $70 a barrel before the conflict, spiked to more than $119 at times, and previously closed Friday at $82.59 for U.S. oil and $90.38 for Brent.

Industry analysts have repeatedly warned that the longer the strait is closed, the worse prices could get.

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A fragile, two-week ceasefire between the U.S. and Iran is set to expire Wednesday, while escalating tensions in the Strait of Hormuz puts the fate of new talks to end the war into question.

Even if a lasting deal to reopen the Strait of Hormuz emerges, analysts say it could take months for oil shipments to return to normal levels and for fuel prices to go down. Backed-up tanker traffic, shipowners concerned about another sudden escalation, and energy infrastructure damaged during the war are factors that could impede production and shipment volumes from returning to pre-war levels.

A gallon of regular gas cost an average of nearly $4.05 a gallon in the U.S. on Sunday, according to motor club federation AAA. That’s about 8 cents lower than a week ago, but far higher than $2.98 before the war.

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