Daily Chemical News Recommendation (Apr 02, 2018)

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> China to Roll Out New Tax Cuts to Boost High-Quality Development

China will cut value-added tax (VAT) rates as part of a tax reduction package amounting to 400 billion yuan (about 63 billion U.S. dollars) this year.

The decision was made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday. It is expected to boost high-quality development.

The tax rate, starting from May 1, will be lowered from 17 percent to 16 percent for manufacturing, and from 11 percent to 10 percent for transportation, construction, basic telecommunication services and farm produce.

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> Actinium, Astellas Form Research Partnership

Actinium Pharmaceuticals has entered into a research and option agreement with Astellas to develop Actinium-225 Radio-Conjugates (ARCs) using its Actinium Warhead Enabling (AWE) Platform Technology. Under this collaboration, Actinium will utilize its AWE Platform to conjugate and label selected Astellas targeting agents with the actinium-225 (225Ac) payload. Actinium will also be responsible for conducting preclinical validation studies on the novel ARCs generated. Actinium will receive a seven-digit payment which includes upfront fee and research funding from Astellas.

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