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Wilbur Wright in his airplane during flight in France, 1908. Photo: Bettmann / Contributor / Getty Images

The U.S. is tied for 12th place in a Chamber of Commerce ranking of countries' patent system strength. Law professor and senior scholar at George Mason's Center for the Protection of Intellectual Property, Adam Mossoff, told Axios that the U.S. has "a serious, systemic problem in our patent system."

Why it matters: Just two years ago, the U.S. was ranked number one, and then fell to 10th place last year. Mossoff says this "shows a pattern that we are falling, and it can get worse...we will suffer more consequences in slower economic growth, less jobs, and worse quality of life overall."

"What we're talking about is...the legal system that made possible Thomas Edison and his invention of the lightbulb, and the Wright Brothers' invention of the airplane...all of the miracle technology we have today and the miracle medical treatments we have today were brought to us by the U.S. patent system."
— Adam Mossoff
  • The Trump administration "has shown some very promising signs" that it takes this situation seriously, Mossoff said, and they "should...because we are talking about the very issues that President Trump and his administration constantly focus upon."
  • The Global Innovation Policy Center at the U.S. Chamber of Commerce has Singapore ranked as number one, followed by France and Germany.

Go deeper

More than a dozen injured in downtown Austin shooting

Police tape in Austin, Texas in 2018. Photo: y Carolyn Van Houten/The Washington Post via Getty Images

A shooting in a busy part of downtown Austin, Texas, early Saturday injured at least 13 people, including two who are in critical condition.

The state of play: Gunfire erupted around 1:30 a.m. along 6th Street, a popular area with bars and restaurants. The suspected shooter remains at large, Austin police said. "It is unknown if there is one, or multiple suspects involved," they noted, adding the shooting appears to be an isolated incident.

Biden to urge G7 to take unified approach to countering China

Photo: Hollie Adams/Bloomberg via Getty Images

President Biden on Saturday is expected to urge fellow G7 leaders to adopt a unified approach to countering China's rising global influence, AP reports.

Driving the news: The G7 leaders are set to unveil a multi-billion-dollar global infrastructure plan aimed at rivaling Beijing's efforts in the developing world.

Why America's post-vaccine summer is off to a slow start

Illustration: Sarah Grillo/Axios

Americans are itching to put pandemic life behind them, but many of the necessary ingredients for a summer of carefree fun — everything from neighborhood pools to car rentals — still aren't fully available.

The big picture: Labor shortages, scrambled supply chains and simple logistics are all making it harder for a whole range of businesses to meet post-pandemic demand, and that’s making “hot vax summer” a little harder to pull off.