Chinese biotech giant WuXi AppTec’s shares jump after Pentagon blacklist reversal
GlobeAlert Desk · curated from South China Morning Post · East Asia
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text. How we score stories.
What the desk knows about this story
Scored from severity, scale, escalation potential and source agreement. Below the alert threshold.
Single-source so far. Treat details as unconfirmed until more publishers report.
Not flagged as developing.
- M 5.7 - 106 km ENE of Hasaki, JapanEarthquakes · · 23h ago
- Japan pm vows breakthrough on n. korea abduction issueKidnappings · North Korea · 1d ago
- Long March 12 | SatNet LEO Group TBD?Rocket Launches · CHN · now