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The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…

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The post Alex Acosta Tells Congress He Has No ‘Remorse’ For Jeffrey Epstein ‘Sweetheart Deal,’ Lawmaker Says appeared on BitcoinEthereumNews.com. Topline A central figure in the Jeffrey Epstein sexual abuse saga—former prosecutor Alex Acosta, who granted in 2007 the former financier what’s been widely blasted as a “sweetheart deal” for his alleged crimes—has no regrets about the agreement, a Democratic lawmaker told CNN on Friday, as the former Trump official faces questioning from the House Oversight Committee. Alex Acosta, center, arrives for a House Oversight Committee deposition about Jeffrey Epstein on September 19 in Washington D.C. CQ-Roll Call, Inc via Getty Images Key Facts This story is breaking and will be updated. Source: https://www.forbes.com/sites/alisondurkee/2025/09/19/prosecutor-acosta-who-gave-epstein-sweetheart-deal-testifies-he-no-remorse-lawmaker-says/