New, precise measurements of the differential cross sections fornp → d&pgr;0and &pgr;+d → ppand of analyzing powers forpp → d&pgr;+have been made at energies within 10 MeV (c.m.) of threshold. They allow the pion s‐wave and p‐wave parts of the production strength to be distinguished unambiguously, yielding an s‐wave strength at threshold which is signigicantly smaller than the previously accepted value. There is no evidence for Charge Independence Breaking nor for &pgr;NN resonances near threshold.