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Tech•FEB 20, 2024

Illumina Stock Falls as China Bans U.S. Gene Sequencing Machines

Illumina, a leader in DNA sequencing technology, saw its stock decline by 3.6% on February 20, 2024, following China’s decision to ban imports of U.S.-made gene sequencing machines. The restriction, which specifically targets Illumina’s high-throughput sequencing equipment, is the latest escalation in the ongoing trade tensions between the two economic superpowers.

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