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Business News Today: Latest Business News, Finance News

What an Oracle foretells about jobs and careers in the AI era Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Less engaged workforce Renewable energy ministry approves pilot CfD scheme Renewable components supply chained to imports TVS Motor bikes into global third spot Building Lalit hotels with emotion Plastic concerns Despite PFBR going critical, India is still a long way from thorium utilisation Oil-starved industry looks to reignite heat pumps Odisha central to our aluminium ambitions Q4FY26 preview: Muted quarter likely for Wipro as margins contract, growth stays tepid Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Alignment of average call rate with repo rate contingent on level of liquidity: RBI First edition of Indian Navy’s biannual Commanders’ Conference 2026 to start from Tuesday Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden India to defend its case in the US Section 301 probes this week K-shaped trend emerges in jewellery as premium demand stays resilient West Asia war spills over to cyberspace: Emails spoofed, cameras hacked Pakistan used Chinese CCTV networks to access Indian assets for potential strikes TN Assembly elections: Joseph Vijay promises ‘Citizen Privilege Card’, AI-led governance in TVK roadmap Carriers cut flights on cost pressures, uncertain demand Rethinking the way we decide Women voters powered high turnouts in Assam, Keralam and Puducherry polls Rising above life’s storms Why renewed politicking over Amravati can be detrimental to the economic interests of Andhra Pradesh? Modi seeks opposition backing to implement women’s reservation before 2029 polls Acquisitions central to VDart Digital’s growth roadmap West Asia crisis: Ludhiana handtool export units face labour, gas supply shortages, high input costs GE Aerospace scales AI from pilots to production; India anchors global capability TCS suspends several Nashik personnel accused of sexual assault and coercion Patent application filings in India rise 30.2% to 1.43 lakh in 2025-26: Goyal Retail investors give recent IPOs a miss due to lack of bumper listing gains West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts Meet the man with 138 degrees: Dashrath Singh, an ex-serviceman, earns latest qualification from IGNOU Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Europe missed AI bus, but India has potential to catch up: Former WEF Director Why SIPs on individual stocks? 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Pakistan to continue facilitating US-Iran talks, says Dar; urges ceasefire More than 2,000 people killed by Israeli strikes in Lebanon during Israel-Hezbollah war: officials PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra Iran denies US claims of mine clearing ships’ passage through Strait of Hormuz AI to reduce uncertainties and expand opportunities - RBI DG From diesel to daylight: How government solar schemes are powering India’s farmers EAM Jaishankar meets members of Indian community in UAE 4 ways war in Iran has weakened United States in great power game Pick of BL commodities -April 12, 2026 Pharma and healthcare companies to face continued margin pressure: HDFC Securities Women's participation in flexi IT roles reaches 40% in FY26: Report The next energy leap: Replicating ethanol’s success in diesel The new gold rush: Why investors are moving from jewellery to digital How AWS, Microsoft, Google, Adani and Reliance are driving India’s data centre boom US-Iran talks fail after 21 hours in Islamabad, JD Vance cites nuclear deadlock Markets’ dilemma: Trust the bark or wag of oil prices Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 The sector call illusion Tracing a Similar Path Insurance Query: Special Benefits For Women In Life Insurance Caplin Point: Consolidating before the next leg of growth Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? 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How the US funding cut impacts cancer research
K Bharat Kumar · 2026-06-15 · via Business News Today: Latest Business News, Finance News

The detrimental effect of the US government’s move to cut funding for global healthcare programmes is widely known, but research now shows the quantum of the decline in funding.

A paper published by Anbang Du of the University of Southampton, UK, and others shows how medical advancement may be impacted if the US were to, hypothetically, end funding for all academic research. Moreover, the US is home to not only the largest R&D hubs globally but also major funders of research, and leads in scientific publication, intellectual property and clinical trial capacity.

The study shows that the government change in the US in 2024-25 was followed by an estimated 40.6 per cent reduction in central US funding for research agencies such as the National Institutes of Health (NIH) in 2026. It looked at 1,07,955 funding awards totalling $51.4 billion globally.

The researchers modelled the cancer science ecosystem across a five-layered network, covering 233 countries and territories. The layers include grants, clinical trials, publications, inventions and patents. They found that the inequality between the West and low- and middle-income countries (LMICs) was most evident at the monetary end of the chain — namely grants and patents.

“The existing capacity in the research and innovation ecosystem might limit LMICs’ ability to acquire sufficient funding from international funders and commercialise the knowledge,” the report says.

Countries such as the US and China dominate all five layers and are, hence, at the core of the cancer science network, while smaller economies only partake of the paper-related layer and are seen as peripheral.

Low-income countries participate actively in the publication layer, but their presence is significantly diluted when it comes to clinical trials, inventions and patents. The study has also come up with evidence of ‘tokenism’ in paper publication — when it comes to prestigious first- or last-name authorship positions, the involvement of researchers from low-income countries dips sharply, which also impacts their ability to generate research income.

Ultimately, this leads to a ‘brain drain’ — researchers tend to migrate to richer nations that can potentially offer them key roles in funding and capital creation.

The study postulates that the hypothetical removal of the US from the system causes a dramatic 50-plus per cent loss of efficiency.

What is the way out? The researchers suggest that other countries should scale up to make up for the decline in US funding. The largest contributions across the grants-to-inventions lifecycle will have to come from the European Union. They also suggest how other regions such as BRICS, which includes India, should chime in as well.

Published on June 15, 2026