Posted 11/27/2023, 10:03:00 AM
Biden Invokes Defense Act to Boost U.S. Medicine Production
- Biden to invoke Defense Production Act to boost U.S. manufacturing of important medicines and medical supplies
- Part of administration effort to strengthen industrial supply chains and counter high inflation
- Investments to focus on "essential medicines" and countermeasures for chemical, biological, radiological or nuclear attacks
- Biden eager to show progress on inflation and economy with re-election bid looming
- Supply chain strains have eased from pandemic highs but more improvement needed