The National Science Foundation will limit reimbursement for facilities and administrative (F&A) costs on all new awards to U.S. colleges and universities to 15% of modified total direct costs starting May 5, upending a decades-old system of institution-specific negotiated rates. The details of the new plan are spelled out in a policy notice. The policy…
NSF chief quits as DOGE drives 55% budget cut and grant freeze
National Science Foundation director Sethuraman Panchanathan resigned on 24 April, the day after staff learned the White House plans to chop NSF’s $9 billion budget to about $4 billion and lay off half of its 1,700 employees. His departure, announced in a brief statement on NSF’s website, follows the mass-layoff scenario R&D World first flagged…
China could outspend the U.S. on R&D by 30%‑plus by 2030—even if the trade war roars on
Run the numbers 1,000 ways, and the outcome never flips: China overtakes the United States on PPP-adjusted R&D spending well before 2030. Our 1,000-run Monte Carlo model, seeded with OECD and World Bank data, puts the narrowest gap at 30%, the median at 58% when considering recent cuts to the National Science Foundation. Tariff hikes,…
White House clampdown puts $1 billion more at risk after $2.3 billion Harvard freeze
Throughout April, the Harvard–White House standoff has morphed from a quiet threat into a multi‑front brawl. Harvard sued the Trump administration for unlawful political coercion, the NIH quietly froze routine grant payments, Massachusetts’ governor warned of an East‑Coast “brain drain.” House GOP committees opened probes, and Harvard earlier moved to float $750 million in bonds to keep…
Why Dorsey and Musk are targeting IP law now
[Updated with quotes from Matthew Asbell, an IP attorney and partner at Lippes Mathias.] When tech heavyweights Jack Dorsey and Elon Musk recently advocated to “delete all IP law,” the exchange on X caused ripples beyond social media. The comment originated with Dorsey, Twitter’s co-founder, to which Musk—X’s owner—replied, “I agree.” This taps into long-standing…
Health-related innovation in Morocco highlighted by resident inventor patenting activity
The continents of Europe, Asia, and the Americas are widely recognized as sources of innovation, but Africa is less known for its R&D efforts. Yet, despite certain economic challenges, Africa is beginning to take its place on the world stage for invention. Recent patenting activity can identify the seeds of such nascent creativity. Patent protection…
$400M gone, federal oversight could loom at Columbia: What is the R&D impact?
Following the Trump administration’s confirmed cancellation of $400 million in federal grants to Columbia University, reports suggest an even more intrusive form of federal intervention could be coming. The Wall Street Journal recently reported the administration aims to place the university under a legally binding consent decree, installing direct federal oversight. While this step remains…
7 major R&D developments this week: Tariffs roil markets, MIT wins $12B contract, Siemens plans $5B acquisition
Market volatility dominated the R&D landscape following President Trump’s tariff actions. The R&D World Index (RDWI) for the week ending April 4, 2025, reflected the initial shock, closing down a significant -9.28% at 3,506.27, with significant losses across all 25 member companies. Auto companies have been especially hard hit. To date, losses range from –1.44%…
2024’s R&D 100 Researcher of the Year on the drive that inspired him to create digital twins of 141 million buildings
For Joshua New, Ph.D., distinguished R&D staff member at the Department of Energy’s Oak Ridge National Laboratory and R&D World’s 2024 Researcher of the Year, innovation starts with a core instinct: “I do my level best to never lay my hand to an object or process without asking — how can this be made better?”…
Fire at SPS Technologies facility highlights safety challenges, spurs R&D questions
A substantial fire disrupted operations at SPS Technologies’ manufacturing facility in Abington Township, Montgomery County, Pennsylvania, on Feb. 17, 2025. SPS, a notable producer of aerospace fasteners—including Space Shuttle components—employs high-temperature forging, fine metal powder milling, and chemical electroplating to craft superalloy-based products. These hazardous-material processes had faced prior EPA citations for waste management lapses.…
Trump launches ‘DOGE’ Workforce Optimization Initiative executive order: What’s the impact on federal science agencies?
After establishing the “Department of Government Efficiency” last month, President Trump has announced a DOGE “Workforce Optimization Initiative” that could have ramifications for thousands of science and regulatory roles across agencies—from the National Science Foundation to the FDA. In particular, the new executive order aims to reform the federal workforce. Agencies are required to limit…
‘Ugly’ layoffs: It’s not just a tech story
The world of software-based product development — at least in Big Tech — is chaotic of late. “In early 2025, tech layoffs are not only happening at a rapid clip, but these cuts are also getting ‘uglier.’” Yet according to a recent poll on the professional network Blind, most respondents (over 90% — 324 v.…
R&D Market Pulse: $29B energy mega-merger, new CHIPS Act hub at ASU, and more AI restrictions on China
In this week’s R&D Market Pulse, the $29.1 billion Constellation-Calpine mega-merger promises to reshape U.S. energy, the Commerce Department awards a third CHIPS for America facility to Arizona State University, and new AI export restrictions put China on notice. Meanwhile, Elon Musk’s xAI rolls out a consumer app, BlackRock withdraws from a major climate initiative,…
6 in-demand R&D and STEM skill clusters for 2025
The past couple of years have delivered a paradox for STEM talent in the U.S. Despite macroeconomic headwinds prompting notable job cuts at employers from Big Tech to Big Pharma, science- and engineering-focused firms still struggle to find the specialized expertise they need. Recent Indicators reports from the National Science Board (NSB) describe an “accelerating…
A tale of two STEM futures: Data roles surge while some traditional engineering disciplines face headwinds
As 2025 gets underway, concerns are mounting about the stability of some high-paying STEM and R&D roles in an economy many once believed would remain recession-proof for engineers, software developers, and research scientists. A few bright spots include quickly-growing positions such as data scientists (36% growth, $108,020 median pay, according to BLS in 2024), computer…
R&D Market Pulse: Biden blocks $14.1B US Steel-Nippon deal, tech stocks drop
The R&D World Index (RDWI) for the week ending January 3, 2025, closed at 3,862.49 for the 25 companies in the RDWI — down –0.72% (or -28.10 basis points). Five RDWI members gained value last week, led by AbbVie (+1.80%), while Roche Holdings AG rose the least (+0.31%). Meanwhile, twenty RDWI members dipped, ranging from…
R&D Market Pulse: Honda eyes merger with Nissan, Xerox reacquires Lexmark and Microsoft’s Copilot sparks controversy
The R&D World Index (RDWI) for the week ending December 27, 2024, closed at 3,890.59, rising 1.77% (or 67.68 basis points). Automotive stocks, in particular, drove the uptick, with Honda surging by 20.39% after announcing a merger plan with Nissan. Meanwhile, tech giants showed mixed results, as IBM slid slightly (-0.26%) and Microsoft dropped -1.38%.…
How analytical instruments companies can overcome a challenging market
The life sciences and analytical instruments industry has been on a roller coaster for the past several years. When the COVID-19 pandemic took hold in 2020, businesses rapidly expanded to meet the moment. But four years later, the market is decidedly unusual, for lack of a better term. Many analytical instruments organizations are rife with…
30 architectural monuments to R&D
The architecture of progress extends beyond laboratories and research hubs. Here, in these 30 architectural monuments, you’ll find a unique blend of R&D centers alongside actual tributes to innovation, like the spiraling Mercedes-Benz Museum in Stuttgart, Germany. From the biotech brilliance Louis Kahn envisioned at the Salk Institute in 1959 to the plant-filled spheres of…
R&D Market Pulse: US tax policy could spur R&D investment, more than one-third of manufacturers using AI
As 2024 nears its end, global R&D-driven industries are navigating a mix of policy shifts, strategic realignments, and accelerating innovation. A proposed policy change could transform how U.S. companies expense their R&D investments, while manufacturing floors are seeing surging AI integration with over a third of companies successfully deploying the technology. In automotive, GM is…
Sandia National Laboratories sees surge in R&D agreements
Sandia National Laboratories executed 72 new Cooperative Research and Development Agreements (CRADAs) in fiscal year 2024, the second-highest number in its history. Sandia last reached similar levels in the early 1990s when the World Wide Web was introduced. CRADAs are collaborative agreements that allow federal laboratories and external organizations to jointly develop new technologies by…
R&D Market Pulse: NVIDIA hits $37.5B in revenue while UK regulators tap brakes on AI startup investment oversight
In a move signaling a more relaxed regulatory approach to the booming AI sector, UK regulators announced they would not investigate Google’s $2 billion investment in AI startup Anthropic. The move mirrors a similar decision regarding Amazon’s earlier $4 billion stake. This green light comes as Amazon doubles, bringing its total investment in Anthropic to…
Who were 2024’s top patent and R&D leaders in computing, pharma, medtech and beyond?
Industrial and commercial sectors often measure innovation by market capitalization and R&D spending, but these metrics fail to capture the full picture. Tech companies dominate market headlines with AI product launches and chip releases — and our own ranking of most innovative firms of 2024. In addition, tech firms currently hold the top market cap…
The 25 most innovative companies of 2024
Yes, questions remain about whether AI chipmaker NVIDIA can maintain its momentum in 2025. NVIDIA’s upcoming Blackwell AI chips have encountered thermal problems when integrated into server racks designed to house up to 72 units. Despite these recent technical hurdles, the company remains an innovation juggernaut. 1. Why NVIDIA is the R&D leader of 2024…
R&D Market Pulse: Investors retreat despite spikes in AI and biotech investments
The R&D World Index plummeted last week, dragged down by significant losses across most of its constituents, despite a surge in AI chip demand and major R&D investments signaling continued industry shifts. The R&D World Index (RDWI) for the week ending November 15, 2024, closed at 3,708.90 for the 25 companies in the RDWI. The…