Cost to U.S. consumers, businesses of Trump's China tariffs surged in June - trade group

Reuters | August 08, 2019

A whopping 74% increase in tariffs since last year added $6 billion in extra costs for U.S. consumers and businesses, a pro-trade group said on Wednesday as it warned additional tariffs threatened by President Donald Trump would further hit demand and hurt jobs. The U.S.-China trade war has intensified this week after Washington branded Beijing a currency manipulator and said it would impose 10% tariffs on the remaining $300 billion in Chinese imports, starting on Sept. 1. Trump on Wednesday repeated his tough stance on China, saying his actions would ultimately benefit the American economy.

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Emerging Technology

Quzara LLC's Cybertorch™ Selected for FedRAMP® Jab Prioritization

PR Newswire | August 08, 2023

Quzara LLC, a leading innovator in Managed Detection & Response (MDR) and Security Operations Center as a Service (SOCaaS), is thrilled to announce that its pioneering solution, Cybertorch™, has been selected by the GSA FedRAMP® PMO to pursue a Provisional Authority to Operate (P-ATO) from the Joint Authorization Board (JAB) at the High Impact Level. This milestone marks a significant advance in Quzara's unwavering commitment to providing state-of-the-art SOCaaS/MXDR solutions for both OT and IT to the government sector and their contractors. Saif Rahman, CEO of Quzara, expressed his enthusiasm about the achievement: "Being selected for the FedRAMP JAB prioritization is a testament to our team's hard work and dedication. This represents a significant step forward in our mission to bring our high-standard, 24/7, US Citizen Security Operations to the government sector. I want to extend my sincere thanks to our devoted team and partners whose tireless efforts have made this accomplishment possible." The importance of the FedRAMP JAB prioritization is substantial. This recognition places Quzara's Cybertorch™ in a position of enhanced trust and visibility within the federal government. Cybertorch™'s unique MDR approach, blending AI-driven insights with human expertise, ensures robust, around-the-clock security operations, all managed by US citizens has demonstrated government-wide demand as a Cloud Service Offering. Moving into the FedRAMP JAB process is another exposition of Quzara's commitment to stringent security standards and reflects the company's broader dedication to fortifying information security in today's complex digital landscape. As Quzara continues to evolve and expand its capabilities, its focus remains firm: to provide the most secure, compliant, and robust security solutions to its clients. Quzara, LLC wishes to underline that this achievement does not imply government endorsement of the company, its products, or its services. FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services. About Quzara LLC Quzara LLC is a leader in Managed Detection & Response (MDR) and Security Operations Center as a Service (SOCaaS). Based in Reston, VA, Quzara is committed to providing top-tier security solutions to the government sector and their contractors for OT and IT. With its flagship solution, Cybertorch™, Quzara is setting new industry standards.

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Cybersecurity

The Virtru Data Security Platform Achieves FedRAMP Authorization

Globenewswire | August 11, 2023

Virtru, the global leader in data-centric security and privacy, today announced that the Virtru Data Security Platform received Authorization to Operate (ATO) at the Moderate level under theFederal Risk and Authorization Management Program (FedRAMP®). This authorization was sponsored by the Centers for Disease Control and Prevention. TheVirtru Data Security Platformunderpins a holistic suite of data protection products that empower public- and private-sector organizations to scale data-centric security across sensitive data workflows. The Virtru platform first achieved FedRAMP ATO at the Moderate level in 2019, and since that time, Virtru has continued to expand the platform to provide the federal government and its contractors with secure encryption, access controls, and key management capabilities. This includes the addition ofVirtru Secure Share, an encrypted file-sharing solution that equips organizations to securely send and receive sensitive data while retaining complete, continuous control over that shared data, with data owners having the ability to revoke access at any time. “Federal organizations are realizing the urgent need for data-centric security, embracing strategies that enhance rather than impede the mission by prioritizing control and secure access to data at a granular level first, while also protecting the systems and networks that store and transmit it,” said Will Ackerly, co-founder and CTO, Virtru. “This includes the Office of the Director of National Intelligence (ODNI), which recently announced its intent toimplement a data-centric frameworkto address rapidly emerging cybersecurity challenges, highlighting the value and urgency of data-centric security to enable mission success.” Ackerly added, “Virtru’s Data Security Platform gives federal organizations the critical foundations needed to execute against advanced data-centric cybersecurity strategies. The ATO was sponsored by the Centers for Disease Control and Prevention, which utilized our Data Security Platform to control and govern sensitive data both in motion and at rest. Virtru’s FedRAMP Moderate ATO could not have come at a more critical time for our nation, and we look forward to our continued technology deployments for our federal customers.” Virtru’s FedRAMP Moderate authorization expedites procurement and solution authorization for Virtru’s federal customers. Additionally, the authorization validates the strength and trustworthiness of Virtru’s commercial solutions, which are built on the same robust and secure platforms that safeguard sensitive data flowing through email, file-sharing platforms, and SaaS apps. Virtru applications arealso compliant with FIPS 140-2, an encryption security requirement for cryptographic modules used by federal government agencies and contractors. These organizations can additionally leverage the FedRAMP-authorized Virtru Data Security Platform and suite of applications to improve security and meet compliance requirements, such as those outlined by the Cybersecurity Maturity Model Certification (CMMC), the International Traffic in Arms Regulations (ITAR), Criminal Justice Information Services (CJIS), and more. About Virtru At Virtru, we empower organizations to easily unlock the power of data while maintaining control everywhere it’s stored and shared. More than 8,000 global customers trust Virtru to power their data-centric, Zero Trust strategies and safeguard their most sensitive data in accordance with the world’s strictest security standards. Creators of TDF (Trusted Data Format), the open industry standard for persistent data protection, Virtru provides encryption technology for data shared through email, collaboration tools, cloud environments, and enterprise SaaS applications.

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Emerging Technology, Government Business

Government of Canada teams up with Indigenous partners, Bruce Power and the medical isotope community to fight cancer

Globenewswire | July 04, 2023

The Government of Canada has announced its intent to lead the fight against cancer at home and around the world with funding announced today that will support the development of a medical isotope ecosystem in Canada. The partnership includes Indigenous communities, Ontario’s nuclear industry, and leading research facilities, academics, and firms working to commercialize novel therapies. As part of the funding announced today at the Bruce Power Visitors’ Centre, the Saugeen Ojibway Nation (SON) will take the next step in their partnership with Bruce Power to jointly produce, advance and market new isotopes in support of the global fight against cancer, while also working together to create new economic opportunities within the SON territory. This funding will ultimately enable a pan-Canadian consortium – the Canadian Medical Isotope Ecosystem (CMIE) – to advance and accelerate the development of the next generation of novel medical isotopes and technologies. The CMIE will position Canada as a leader across all stages of the isotope production cycle, most importantly to ensure cancer patients and health care professionals have access to the critical isotopes they need, when they need them. “Canada is a world leader in medical isotope research and production, and Bruce Power is proud to be among the innovative companies that places Canada at the forefront of nuclear medicine,” said Mike Rencheck, Bruce Power’s President and CEO. “We are honoured to partner with the Saugeen Ojibway Nation to market isotope production and thank the federal government for its support in leveraging this historic opportunity, while creating sustainable economic benefits within the SON territory.” The Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry, advanced the funding to support projects that strengthen Canada’s leadership position in research, development and production of medical isotopes and pharmaceuticals. “Our government is proud to partner in the creation of the Canadian Medical Isotope Ecosystem, which includes support for the SON First Nations communities’ partnership with Bruce Power to innovate in the fight against cancer,” said Minister Champagne. “The pandemic has shown us how important it is to have strong domestic production of pharmaceuticals, and we are delivering on our commitment to providing Canadians with the best therapies they need to care for their health. With this investment, we are making our country a major player in the global biomanufacturing and life sciences industry while creating good jobs for Canadians and stimulating the local economy.” Pam Damoff, Parliamentary Secretary to the Minister of Public Safety and the Member of Parliament for Oakville North-Burlington, has been a strong advocate for Canada’s medical isotope sector, and announced the funding on behalf of Minister Champagne at today’s event. “With this investment in the creation of the Canadian Medical Isotope Ecosystem, the Government of Canada is taking another major step towards building resiliency in our domestic medical production capabilities, which will help to ensure the health and safety of Canadians in the event of any potential future global supply chain disruptions,” said Damoff. “This investment will not only grow the economy, as the Ecosystem is expected to attract over $75 million in investment, and create or maintain over 600 highly skilled, well-paying jobs, but also contribute to economic reconciliation with the Saugeen Ojibway Nation.” Bruce Power partnered with the SON in 2019 in an historic collaboration for the marketing of current and new isotopes produced through the first-of-a-kind Isotope Production System (IPS) that was installed at Bruce Power in 2022. The partnership, named Gamzook’aamin aakoziwin, which translates to ‘We are Teaming Up to Fight the Sickness,’ includes a revenue-sharing program that provides a direct benefit to the community. “Today marks another important milestone in the Gamzook’aamin Aakoziwin partnership between Bruce Power and the Saugeen Ojibway Nation,” said Chief Veronica Smith, Chippewas of Nawash Unceded First Nation. “By working together, patients around the world have access to cancer-fighting treatments made possible through medical isotope production.” “We are proud to be part of this innovative project, which will deliver benefits beyond the local community, to people across the world in the global fight against cancer,” said Chief Conrad Ritchie, Chippewas of Saugeen First Nation. The Made-in-Ontario IPS, designed and installed by Isogen (a joint venture between Framatome and Kinectrics) at Bruce Power, irradiates ytterbium-176 to produce lutetium-177, which is then transported to ITM’s manufacturing facility in Germany for processing of pharmaceutical-grade, non-carrier-added lutetium-177 (n.c.a. lutetium-177) and used in various clinical and commercial radiopharmaceutical cancer treatments. “With commercial production of lutetium-177 well underway at Bruce Power, physicians and their patients worldwide now have access to a new, dependable, large-scale supply of lutetium-177 for their cancer treatments,” said John D’Angelo, Chair, Isogen Corp. The funding announcement was made possible through Innovation, Science and Economic Development’s Strategic Innovation Fund, which provides major investments in innovative projects that will help grow Canada’s economy for the well-being of all Canadians. The investment will help develop Canadian technologies and support advancements in Canada’s medical isotope industry, supporting projects at Bruce Power, TRIUMF, Centre for Probe Development and Commercialization, McMaster Nuclear Reactor, Canadian Nuclear Laboratories and BWXT Medical. About Bruce Power Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and life-saving medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals.

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