Treasury Secretary Scott Bessent gives a speech on Sept.

9, 2026 (Julia Demaree Nikhinson/AP Images) October 21, 2026 02:48 PM EDTUpdated 3 hours ago Trea­sury ex­pect­ed to be hard­er on Chi­na biotech deals in new rules The phar­ma in­dus­try is brac­ing for a more strin­gent as­sess­ment of Chi­na deals from the Trea­sury De­part­ment, de­spite months of work to es­cape a harsh … Sign up to read this article for free. Get free access to a limited number of articles, plus choose newsletters to get straight to your inbox. Think we're worth reading - tell Google. Confirm Endpoints as a trusted biopharma news source Confirm on Google