The 2025 Nobel Prize in Economics was awarded this week, highlighting the work of three economists and their contributions to exploring the connection between innovation and sustained economic growth. Joel Mokyr received half the prize for his work identifying the mechanisms that have enabled sustained growth since the Industrial revolution, whileRead More
A new proposal for a value-based “patent tax” of 1–5% has gained support within the Department of Commerce and from Secretary Howard Lutnick. The proposed tax has the potential to devastate American innovativeness, raising the cost of R&D and reducing the incentive to push the technological envelope.
The proposed patent tax isRead More
WTO Cracks Down on Chinese IP Evasion
Aug 29, 2025
China recently lost a key tool in its intellectual property evasion playbook, with the World Trade Organization ruling in favor of the EU and finding that China’s efforts to impede legal action against its IP violating firms were against the minimum global IP protection standards set by the Agreement on Trade-Related Aspects of IntellectualRead More
Counterfeits, Compliance, and Cooperation: The European Commission Release its 2025 Biennial IP Report
Jun 25, 2025
Every year, IP-intensive industries, such as pharmaceuticals and software, comprise the lion’s share of Europe’s trade. In 2024, products from these industries totaled 80% of the European Union’s exports. Yet in 2023 alone, the EU seized over €3.4 billion worth of counterfeit goods. Globally, trade in counterfeitRead More