Month: May 2025

  • By 31%, the Trump admin reduces funds for cancer research

    By 31%, the Trump admin reduces funds for cancer research

    US President Donald Trump’s administration cut cancer research funding by 31 percent in the first three months of 2025 compared to the same period last year, according to a Senate report released Tuesday that accuses the White House of waging a “war on science.”

    The analysis, commissioned by the leftwing Senator Bernie Sanders, found that at least $13.5 billion in health funding had been terminated as of April, including 1,660 grants, while thousands of scientific staff were fired.

    Among the hardest hit was the National Cancer Institute, which lost more than $300 million from January to March compared to 2024, driving inflation-adjusted grant funding to its lowest level in over a decade. Its parent agency, the National Institutes of Health, lost $2.7 billion.

    “Since January, Trump has launched an unprecedented, illegal and outrageous attack on science and scientists,” said Sanders, the ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee.

    “Trump is not only denying scientific truth but actively seeking to undermine it.”

    The Health and Human Services department, led by vaccine-skeptic Robert F. Kennedy Jr, hit back.

    “Senator Sanders’ claim of a ‘war on science’ is unequivocally false. The report released by his office today is a politically motivated distortion that undermines the thousands of dedicated public health professionals across HHS, who remain steadfast in their commitment to delivering results for the American people,” the department said on X.

    Under Kennedy’s leadership, “HHS is streamlining programs, eliminating redundancies, and — above all else — prioritizing gold standard science,” it added.

    ‘Complete chaos’ 
    The report, based on interviews with dozens of federal scientists and health workers, paints a picture of disarray across HHS.

    At the Centers for Disease Control and Prevention (CDC), at least 175 public health datasets were deleted, leaving doctors “without vetted guidance on how to treat patients,” one physician said.

    A 43-year-old colorectal cancer patient, already treated with surgery, radiation, and 48 rounds of chemotherapy, said her participation in a T-cell therapy trial at the NIH was delayed due to staff shortages.

    “The reality is that by reducing money and staff, the NIH will not be able to produce my treatment — and it might cost me my life,” she told Senate staff.

    At the NIH Clinical Center, researchers described “complete chaos” after entire labs were dismissed. “This administration has a lot of blood on their hands,” said one. “We just want to take care of people.”

    The report also highlighted the dangers of misinformation amid a growing measles outbreak, which has infected more than 1,000 people and killed three. Over 40 grants studying vaccine hesitancy have been canceled.

    Meanwhile, Kennedy has hired vaccine conspiracy theorist David Geier, previously disciplined for practicing medicine without a license and testing unproven drugs on autistic children, to investigate an alleged connection between vaccines and autism, debunked by dozens of prior studies.

    Even as Trump proposes a 26 percent cut to the HHS budget next year, he has earmarked $500 million for Kennedy’s “Make America Healthy Again” initiative, which targets nutrition, physical activity, and “over-reliance on medication.” AFP

  • US tariffs’ consequences for medical tourism

    US tariffs’ consequences for medical tourism

    US trade policy has seen notable changes recently, particularly with regard to import tariffs on countries such as China. Though these policies are usually justified by economic and geopolitical considerations, they also impact other areas, including the medical device industry and, more specifically, medical tourism. One growing outcome is how these tariffs are affecting medical tourism—the practice of traveling to another country to receive healthcare services. As medical expenses continue to climb in the US, a growing number of patients are looking overseas for more cost-effective treatment options, according to GlobalData, a leading data and analytics company.

    The US has imposed steep tariffs on a range of medical products imported from China, including syringes and needles, rubber medical and surgical gloves, and facemasks. These items are integral to a wide variety of medical procedures and daily healthcare operations. The imposition of tariffs on such goods has disrupted supply chains, constrained hospital procurement strategies, and driven up the cost of healthcare delivery across the US.

    In response to these rising costs, a growing number of Americans are turning to medical tourism. Popular destinations include Mexico, India, Thailand, and Costa Rica, which offer competitive pricing and internationally accredited healthcare facilities. For example, the average cost of a knee replacement surgery in the US can exceed $50,000, but the same procedure in India or Mexico can be performed for $8000-$12,000. As US healthcare providers face increased operational costs due to tariffs – especially on imported surgical instruments, diagnostic equipment, and protective gear – the price gap between domestic and international care continues to widen, creating a financial incentive for patients to consider treatment overseas.

    Alexandra Murdoch, Senior Medical Analyst at GlobalData, comments: “While the intended impact of tariffs may not have been to effect healthcare, they do shape patient behavior. The rise in the cost of medical devices ultimately leads to more out-of-pocket expenses for patients.”

    US tariffs on medical imports are reshaping not only international trade relationships but also domestic healthcare economics. The direct result is an increase in the cost of medical care, which disproportionately affects uninsured and underinsured populations. One of the most notable responses to these price pressures has been a rise in outbound medical tourism. Patients are seeking high-quality, affordable care in countries that are not impacted by these tariffs — a trend that is likely to continue if current trade and healthcare cost trajectories remain unchanged.

    Murdoch concludes: “This dynamic highlights a deeper connection between global trade policy and patient access to care. As the US continues to adjust its economic strategy, it will be important for policymakers and healthcare leaders to consider the downstream impacts on medical accessibility, affordability, and patient behavior.” GlobalData

  • Indian market for cardiac devices will grow to exceed USD 4,580.91M

    Indian market for cardiac devices will grow to exceed USD 4,580.91M

    The India cardiovascular devices market is projected to grow from USD 2,075.98 million in 2024 to an estimated USD 4,580.91 million based on 2032, with a compound annual growth rate (CAGR) 9.2% from 2025 to 2032. This growth reflects a robust demand for advanced cardiovascular solutions across both public and private healthcare sectors.

    Key market drivers include a growing elderly population, lifestyle changes leading to higher cardiovascular risks, and increasing access to health insurance and affordable care. The government’s focus on expanding healthcare coverage under initiatives such as Ayushman Bharat and the promotion of indigenous medical device manufacturing under the “Make in India” program are further enhancing market accessibility and affordability. Technological advancements, particularly in interventional cardiology and remote monitoring, continue to shape the market’s evolution.

    Regionally, metropolitan cities such as Delhi, Mumbai, Chennai, and Bengaluru lead in terms of cardiovascular device adoption due to higher awareness, better infrastructure, and specialized cardiac centers. However, tier-2 and tier-3 cities are witnessing rapid improvements in healthcare delivery, widening the market reach. Key players operating in the India cardiovascular devices market include Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, GE HealthCare, and Philips India, all of which are actively expanding their product portfolios and local partnerships.

    Market drivers
    Rising prevalence of cardiovascular diseases and associated risk factors
    India is witnessing a sharp increase in the prevalence of cardiovascular diseases (CVDs), which has become a major public health concern. The burden of ischemic heart disease, stroke, and heart failure has surged due to sedentary lifestyles, poor dietary habits, smoking, excessive alcohol consumption, and rising obesity rates. For instance, according to the World Health Organization (WHO), cardiovascular diseases accounted for 27% of total deaths in India in 2016, making them the leading cause of mortality. Additionally, the Indian Council of Medical Research (ICMR) reports that CVDs contribute significantly to the country’s disease burden. Urbanization has accelerated this trend, as it brings with it lifestyle transitions that elevate cardiovascular risk. This rising disease burden has spurred significant demand for a wide range of cardiovascular devices, including diagnostic equipment, interventional tools such as angioplasty catheters and stents, implantable devices like pacemakers and defibrillators, and monitoring solutions. The increasing incidence of comorbid conditions such as diabetes and hypertension further exacerbates cardiovascular risks, prompting early screening and continuous monitoring. As the disease pattern shifts toward non-communicable diseases, healthcare providers are adopting advanced cardiovascular technologies to manage patient outcomes effectively, thereby strengthening the market demand for innovative devices.

    Government initiatives and growing healthcare infrastructure
    The Indian government’s strategic focus on healthcare access and affordability has significantly boosted the cardiovascular devices market. Programs such as Ayushman Bharat, the world’s largest publicly funded health insurance scheme, have brought advanced cardiac treatments within reach for millions. For instance, the National Health Mission and the expansion of government-funded tertiary care hospitals are further strengthening infrastructure for non-communicable disease management. Simultaneously, the Pradhan Mantri Jan Arogya Yojana (PM-JAY) supports the reimbursement of cardiac procedures, including surgeries and implants, thereby driving demand for devices. Moreover, government incentives under the Production Linked Incentive (PLI) scheme and the Make in India initiative have encouraged domestic manufacturing of medical devices, including cardiovascular solutions. This reduces reliance on imports and makes devices more accessible and cost-effective. Several state governments have also partnered with private healthcare players to expand diagnostic and interventional cardiology services in underserved regions. Collectively, these policy efforts and investments have not only enhanced the availability of cardiovascular care but have also fueled robust market growth for related devices.

    Technological advancements and product innovation
    Rapid technological advancements in cardiovascular diagnostics and therapeutics have revolutionized patient care and propelled market expansion in India. The development of minimally invasive procedures, such as transcatheter aortic valve replacement (TAVR), drug-eluting stents (DES), and image-guided interventions, has made complex cardiac treatments saf

  • La Liga’s rights to one FTA game per matchday are secured by DAZN

    La Liga’s rights to one FTA game per matchday are secured by DAZN

    Sports subscription streaming service DAZN has snapped up a package of free-to-air domestic live broadcast rights covering Spanish soccer’s LaLiga.

    In doing so, it replaces Mediapro, the previous holder of this rights package. The deal – for one live free-to-air (FTA) game per week – covers the 2025-26 and 2026-27 campaigns, and adds to the existing pay-TV package already held by DAZN (that deal was unveiled in late 2021).

    LaLiga is compelled to sell one game per matchday to be exploited on a FTA basis because of government legislation last updated in 2022, which dictates that one game must be covered live “through open and/or state-owned audiovisual communications services.”

    Last season, Mediapro showed these fixtures – which cannot feature heavyweights Barcelona, Real Madrid, Atletico Madrid, Valencia, or indeed any of the clubs involved in pan-European UEFA competition.

    LaLiga had to abort the first two rounds of bidding for these rights, it has been reported, through a failure to attract interest that reached the reserve price. It has also been reported that the reserve price that DAZN met was €4 million ($4.5 million).

    Oscar Vilda, chief executive of DAZN Iberia, said: “This new award of rights represents a key step in our growth strategy in Spain. Being able to offer LaLiga’s open game for the next two seasons gives us a unique opportunity to connect with new fans to discover the innovative experience offered by DAZN and the differential seal that characterizes our broadcasts.”

    The sales process covering this package began in late March.

    In recent days, DAZN and LaLiga have also concluded several rights deals in territories outside Spain – including Germany, Austria, Switzerland, and Belgium.

    These tie-ups come with the league’s 2024-25 season set to conclude over the weekend of May 24-25, with heavyweights Barcelona favorites to win the title.

    The league’s other main domestic broadcast partner for the 2022-23 to 2026-27 cycle, alongside DAZN, is Telefonica-owned pay-TV network Movistar. DAZN and Movistar show five games each from the 20-team league each weekend. Sportcal

  • As per Netflix, its ad-supported service has 94 million users

    As per Netflix, its ad-supported service has 94 million users

    Netflix, opens new tab said on Wednesday 94 million subscribers use its advertising-supported tier, up from 70 million in November, as the video-streaming giant’s lower-priced plan sees strong support amid global economic uncertainty.

    With more than 300 million global customers, Netflix is seeing robust spending across all streaming tiers and had said in April it is not seeing any significant shifts in consumer spending.

    The comments allayed investor concerns that economic uncertainty due to the shifting U.S. trade policy would prompt consumers to cut discretionary spending on streaming services.

    Netflix had last month said the ad-supported tier accounted for 55% of new sign-ups in countries where it is available.

    To attract more global users, Netflix rolled out enhanced language options for television viewers earlier this year, offering more dubbing and subtitle options.

    Many of Netflix’s most popular media are foreign-made such as South Korean drama “Squid Game” and Spanish series “Money Heist”.

    Foreign-made films were threatened with a 100% tariff by President Donald Trump in May in an attempt to boost domestic productions, clouding the outlook for media firms such as Netflix, which film overseas. Reuters

  • 4% of Panasonic’s workers will lose 10k jobs worldwide

    4% of Panasonic’s workers will lose 10k jobs worldwide

    Panasonic Holdings, a Japanese electronics giant, is cutting around 10,000 jobs globally, with 5,000 positions eliminated in Japan and 5,000 overseas. Panasonic’s decision to cut around 10,000 jobs represents about 4% of its global workforce of approximately 230,000 employees. As per the company, this significant restructuring effort aims to boost profitability and streamline operations. The company expects to incur restructuring costs of approximately $896 million but anticipates a profit increase of $1 billion by March 2027 and $2.1 billion by March 2029.

    The layoffs will take place between now and March 2026 after reviewing “operational efficiency,” mainly in sales departments. The cuts will come through consolidation of sales and indirect operations as well as sites, business terminations and employees in Japan taking early retirement, the company said. The company has assured that all layoffs will be carried out in line with labour laws and regulations in each country.

    What Panasonic Said
    The decision to cut 10,000 jobs globally is a strategic move to boost profitability and operational efficiency in a highly competitive market. Panasonic Holdings CEO Yuki Kusumi said in an interview with Japan’s Nikkei newspaper in April that “layoffs are necessary to achieve better performance than other companies.”

    Mr Kusumi also said he would return roughly 40% of his compensation amid the job cuts.

    “In terms of management reform, toward transformation into an organisation where individual employees create higher productivity, the Company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organisations and personnel needed. In addition, the Company will promote the termination of loss-making businesses with no prospects of improving profit, as well as the integration and closing of sites,” the company said in a statement.

    Other Reasons Behind The Layoffs
    The move also responds to multiple pressures: a sluggish consumer electronics market, where Panasonic’s TVS, refrigerators, and microwaves face intense competition from Chinese rivals like Haier and Midea, and shrinking margins.

    A slowdown in electric vehicle (EV) demand has also hit Panasonic’s battery business, a key growth area supplying Tesla, Mazda, and Subaru. Additionally, global economic uncertainties, including potential U.S. trade tariffs, add complexity, though Panasonic’s forecasts don’t yet account for these.

    To stay competitive, Panasonic is pivoting resources toward high-growth areas like AI, biometrics (e.g., facial recognition systems for Expo 2025 Osaka), and energy storage, while exiting low-margin or loss-making segments.

    The Restructuring Plan
    Panasonic’s restructuring plan involves consolidating and streamlining indirect functions, technology projects, and departments to boost profitability. In its consumer electronics business, the company aims to improve profitability by building “global-standard cost capabilities” and consolidating certain departments. Panasonic will also optimise its IT investments.

    These measures are expected to yield a minimum profit improvement of $1 billion, with $483 million of that coming from the job cuts. However, the company notes that actual results may vary depending on the number of employees affected and other factors.

    Why The Layoffs Matter?
    Panasonic’s restructuring move aligns with industry trends, as other tech and industrial giants also implement significant measures to adapt to changing consumer demands, supply chain challenges, and the shift towards sustainable energy solutions.

    • Industry Shift: Panasonic’s job cuts reflect the broader industry trend of restructuring to adapt to changing consumer demands, technological advancements, and sustainability requirements.
    • Economic Impact: With 10,000 jobs at stake, the layoffs will have significant economic implications for affected employees, their families, and local communities.
    • Company Restructuring: The move indicates Panasonic’s efforts to streamline operations, reduce costs, and focus on high-growth areas like electric vehicle batteries and artificial intelligence.
    • Market Competitiveness: The layoffs demonstrate Panasonic’s attempt to stay competitive in a rapidly evolving market, where companies must innovate and optimise to survive.
    • Workforce Trends: Panasonic’s decision contributes to the growing trend of layoffs and restructuring in the tech and industrial sectors, highlighting the challenges companies face in adapting to changing market conditions.

    Pioneering electronic appliances from rice cookers to batteries to video recorders, the brand became a global household behemoth in the latter half of the 20th century. NDTV

  • Abhay Karandikar, DST secretary, has his term extended by one year

    Abhay Karandikar, DST secretary, has his term extended by one year

    The Centre has extended the tenure of Science and Technology Secretary Abhay Karandikar by one year, according to an official order.

    Karandikar was in September 2023 appointed to the post. He was then working as the Director of the Indian Institute of Technology (IIT), Kanpur.

    The Appointments Committee of the Cabinet (ACC) has approved an extension in the tenure of Prof Karandikar as secretary, Department of Science and Technology for a period of one year, with effect from July 1, 2025, said the order issued on Tuesday by the Personnel Ministry.

    The ACC has also approved an extension in the tenure of Sanjay Garg, Additional Secretary, Department of Agricultural Research and Education, and Secretary, Indian Council of Agricultural Research (ICAR) for a period of one year beyond August 24, 2025 — up to August 24, 2026.

    Garg is a 1994-batch Indian Administrative Service officer of the Kerala cadre. PTI

  • $1.51T invested on pay TV & telecom worldwide in 2024

    $1.51T invested on pay TV & telecom worldwide in 2024

    Worldwide spending on telecom services and pay TV services reached $1,510 billion in 2024, reflecting a 2.2% year-on-year increase, according to the Worldwide Semiannual Telecom Services Tracker published by International Data Corporation (IDC). In comparison, IDC expects worldwide spending on telecom and pay TV services to increase by only 1.6% next year, reaching a total of $1,535 billion.

    In 2024, the global telecom services market recorded accelerated growth, a notable shift from the previous year. This surge was primarily driven by inflation, which triggered the increase of tariffs and compelled both residential and business customers to allocate more funds to telecommunications services. The impact of inflation was particularly pronounced in Europe and North America, where higher purchasing power resulted in lower pricing elasticity — i.e., fewer clients in these regions opted to switch to more affordable packages or discontinue services they deemed non-essential. Conversely, the Asia Pacific region saw a slower growth rate compared to the previous year, largely due to the robust post-COVID recovery observed in 2022 and 2023.

    Our latest forecast for the telecom services market is slightly less optimistic compared to the version published in November last year, projecting slower growth in 2025 by 0.9 of a percentage point. As inflation has gradually weakened in most countries, its impact on telecom services spending is expected to diminish. Simultaneously, the telecommunications industry is undergoing significant technological transformation, aimed at increased productivity and higher competition. AI is enhancing customer experience and operational efficiency for service providers. Investments in 5G infrastructure are accelerating, with a focus on network densification and strategic partnerships to expand coverage. The rollout of fiber optic networks and Low Earth Orbit (LEO) satellite services is fostering competition and driving advancements in connectivity. Additionally, telecom operators are increasingly shifting their focus from traditional connectivity services to digital services, leveraging cloud-native technologies, AI, and edge computing to deliver innovative solutions.

    A significant factor that could influence the market landscape includes the tariffs announced and partially imposed by the new U.S. administration. While the direct impact on the telecom services market is expected to be minimal, given that these services are domestic, essential, and recurring expenditures, the indirect effects could be more pronounced. According to Mark Walker, vice-president, Worldwide Telecoms Data and Analytics at IDC, “Tariffs on telecommunications equipment might lead to increased costs for telecom operators, potentially delaying 5G rollouts and AI projects; although, in the longer term, potential downsides may include further economic deterioration and reduced purchasing power due to a new wave of inflation.” However, since IDC’s baseline scenario includes only the tariffs that were in effect as of April and excludes those that have been postponed, this remains just one of the possible outcomes. IDC’s forecast accounts for a significant degree of uncertainty, which is reflected in the lower GDP outlook; nonetheless, the baseline scenario still presumes that a global recession will be avoided. IDC

  • Deutsche Telekom has an upbeat Q1 & slightly boosts its 2025 forecast

    Deutsche Telekom has an upbeat Q1 & slightly boosts its 2025 forecast

    Deutsche Telekom reported first-quarter core profit slightly above analyst expectations and nudged up its full-year guidance, helped in part by a stronger dollar.

    The Germany-based telecoms group reported quarterly adjusted earnings before interest, taxes, depreciation and amortisation after leases (EBITDA AL) of 11.3 billion euros ($12.7 billion), up 7.9 per cent year-on-year.

    Analysts had forecast core profit of 11.1 billion euros in a company-provided poll.

    The group nudged up its 2025 core profit guidance to about 45 billion euros from 44.9 billion previously. It also expects free cash flow after leases of about 20 billion euros, from 19.9 billion earlier.

    This comes after Telekom’s New York-listed subsidiary T-Mobile US in April raised its core profit guidance, even as it missed first quarter estimates for wireless subscriber growth.

    “We are yet again proving our resilience in the face of a challenging environment,” CEO Tim Höttges said in a statement on Thursday.

    The Bonn-headquartered company said its reported core profit was higher in part due to a stronger U.S. dollar over the three-month period ended March 31 compared with the previous year.

    Its free cash flow jumped 52.4 per cent from the same period last year, more than one billion euros above analyst expectations.

    In its home region of Germany, however, Telekom flagged strong competition in a slowing broadband market and reported a net loss of 7,000 customers.

    UBS analyst Polo Tang said this might reflect Vodafone’s use of “indirect channels”, like price comparison site Check24.

    “Investors might be surprised or uncomfortable with negative German broadband trends,” said ODDO BHF analyst Stephane Beyazian.

    Outside Germany, Europe remained strong, Beyazian added, pointing to an organic 3.7 per cent revenue increase.

    Deutsche Telekom shares were down 0.2 per cent at 0720 GMT, but have risen around 9 per cent year-to-date. Reuters

  • Vi asks with the SC to waive Rs 30,000 cr in new AGR dues

    Vi asks with the SC to waive Rs 30,000 cr in new AGR dues

    Vodafone Idea Ltd. has filed a fresh petition in the Supreme Court seeking relief of more than Rs 30,000 crore in connection with the adjusted gross revenue dues.

    Senior advocate Mukul Rohatgi, appearing for Vodafone Idea, informed the court that the petition is in the process of being filed and requested an early listing, citing the significant impact of the issue on the telecom sector and consumers at large. NDTV Profit