Jan 24, 2019

Top CEOs warn U.S. complacency is hurting innovation

Axios

Jamie Dimon, chair of the Business Roundtable. Photo: Mark Wilson/Getty Images

The Business Roundtable, made up of CEOs of the nation's top companies, warns in a national innovation agenda out later today that the U.S. focus on R&D is lagging, and other countries are gaining ground.

Details: The report says the U.S. government "has grown complacent — resting on legacy achievements while underinvesting in the drivers and enablers needed to build on these achievements in the future."

  • "China has its 'Made in China 2025' plan, and earlier this month, became the first country to land a probe on the far side of the moon," says the report, "Innovation Nation: An American Innovation Agenda for 2020."
  • "Meanwhile, dysfunction in Washington abounds — from shutdowns to the inability to work together to solve America’s big challenges."

"Tight budgets, policy challenges and competing priorities have caused political leaders to avoid or postpone critical investments in human capital and R&D."

The bottom line: "The United States cannot remain a global leader in innovation unless its policy and regulatory infrastructure is responsive."

Go deeper: Read the Business Roundtable report

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 786,291 — Total deaths: 37,820 — Total recoveries: 166,088.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 3 a.m. ET: 164,620 — Total deaths: 3,170— Total recoveries: 5,943.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30.
  4. State updates: Rural-state governors say testing is still inadequate, contradicting Trump — Virginia, Maryland and D.C. issue stay-at-home orders to residents, joining 28 other states.
  5. Business latest: Ford and General Electric aim to make 50,000 ventilators in 100 days.
  6. In photos: Navy hospital ship arrives in Manhattan.
  7. What should I do? Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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