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The decline in antibiotic R&D - and the limited availability of existing drugs - is a global issue.

“Dissatisfied that Mr. Montañez — a poor, uneducated Mexican plant worker and janitor — had successfully developed a new product, Frito-Lay’s R&D personnel completely shut out Mr. Montañez from the development process,” the lawsuit said.

“Arc Boat’s new R&D facility and charging infrastructure will help make the Port of L.A. a global model for sustainable maritime operations.”

For instance, Estée Lauder and L’Oreal both have their own R&D branches.

"China ultimately will want to win – it has to innovate and invest in R&D. Look at what it did with Deepseek," says Mr Einstein, referring to the China-built AI chatbot.