Insights

Welcome to the Spring 2026 issue of Artemis Research Updates.

The past quarter has seen conflict as the primary factor driving trends in international trade. We discuss several such trends in this issue, from the continued closure of the Strait of Hormuz, Cuban overtures to the United States, and apparent use of sanctioned civilian vessels by the Russian military.

We are also pleased to offer a special report highlighting trends in the photonics industry—the science and application of light—gained from a fascinating three days at the Arizona Photonics Days conference. This event provided insight into several new developments in the industry in need of particular attention to protect IP and prevent diverted shipments.

Finally, we highlight a few new legislative changes likely to affect Western technology manufacturers, including a new report of the true cause of death of Russian opposition figure Alexei Navalny and the resulting potential for a new raft of European sanctions. Additionally, we discuss two new legislative changes likely to impact US technology manufacturers, including the likely implications of new tariffs on pharmaceuticals and the passage of the BIOSECURE Act. We hope you enjoy this issue.

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