The Trump administration’s patent review threat is a masterstroke of leverage by tying the imperious Harvard’s vast federally funded intellectual property to compliance. If Harvard is found in breach, the gov't can seize patents worth hundreds of millions. In poker terms, Harvard’s been slow playing the 2nd best hand, but here that costs more than folding early. Faced with losing the pot entirely, even arrogant & hubris @Harvard will fold. @sfmcguire79
Steve McGuire
Steve McGuire9.8. klo 06.58
Wow…the administration has found another potential point of leverage over Harvard: “The Trump administration is warning Harvard University that it could take over its patents, worth hundreds of millions of dollars, if a review finds the university hasn’t complied with federal law, an escalation of the continuing negotiations between the White House and America’s oldest university.” “Commerce Secretary Howard Lutnick sent a letter to Harvard President Alan Garber on Friday, telling him the administration planned to do a thorough review of all patents held by the university.” “‘We believe that Harvard has failed to live up to its obligations to the American taxpayer and is in breach of the statutory, regulatory, and contractual requirements tied to Harvard’s federally funded research programs and intellectual property arising therefrom, including patents,’ the letter says.”
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