Transcript
A (0:00)
Where can quantum computing be explored most effectively? Katie Pizzolato, Vice President, IBM Quantum Platform.
B (0:06)
Explains Personally, I'm most excited about the potential applications we don't know yet. It's very exciting to think about where we all sat at the dawn of classical computation and not to ever imagine where we are today. But we know that quantum computers are poised to accelerate time and cost efficiencies in really important fields like drug development, materials discovery, optimization, things that impact all industries.
A (0:32)
Here's your afternoon TNB Tech minute for Friday, December 19th. I'm Julie Chang for the Wall Street Journal. President Trump has signed into law new powers to screen and restrict US Investment into Chinese tech firms. The new outbound investment provisions are part of the annual National Defense Authorization act and cite entities in China and other nations of concern that develop dual use technologies with both commercial and military applications. The legislation cements a 2023 Biden admin administration executive order to monitor and in some cases block US Financing of Chinese work on emerging technologies including AI, quantum and advanced semiconductors. A spokesperson for the Chinese Embassy in Washington said the legislation overstretches the concept of national security and would distort normal investment flows between the two countries. Biomarin Pharmaceutical has struck a deal to buy biotech Amicus therapeutics for about $4.8 billion in cash. BioMarin makes treatments for rare genetic dise. The acquisition will expand its portfolio in treatments including for the Fabry enzyme disease and a muscle disorder called Pompe disease. The deal is slated to close in the second quarter of 2026, and we exclusively report that the administrator for bankrupt Terraform Labs has filed a $4 billion lawsuit against High speed trading firm Jump Trading, alleging it unlawfully profited from and contributed to the downfall of the crypto firm. Terraform collapsed in 2022 when its stablecoin TerraUSD lost its peg to the DO. A sister token called Luna also plummeted to near zero shortly after yesterday. The administrator alleged that Jump had entered into a secret deal to prop up TerraUSD before the coin's collapse and later emerged from Terraform's collapse with billions of dollars in gains. A Jump spokeswoman called the claim baseless and said the company will defend itself. And that's a wrap on your TMB Tech Minutes. We'll be back Monday morning with more.
C (2:33)
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