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The Latest Breaking News from WuXi Biologics

Congress targets Chinese influence in health tech. It could come with tradeoffs

A San Jose-based biotechnology company that helps doctors detect genetic causes for cancer is among those that could be cut out of the U.S. market over ties to China

The Independent UK

US House Passes Bill To Restrict Business With China's WuXi AppTec, BGI

The Biosecure Act would prohibit the U.S. from entering into contracts with the targeted firms, along with those who support them.

International Business Times

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

In 2022, Michigan Gov. Gretchen Whitmer welcomed a Chinese battery company’s plan to build a $2.36 billion factory and bring a couple thousand jobs to Big Rapids

The Independent UK

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WuXi Biologics Plunges on Concerns over Cooling Biotech Market

Leading Chinese drug company estimates $100 million net loss in 2023 as biotech funding slows and Covid related income falls

Caixin Global

3 Must Have Pharma Stocks in January 2023

Rising rates of chronic diseases, an aging population, and increasing healthcare spending should drive the pharma industry’s growth in the upcoming years. Moreover, pharma companies perform steadily regardless of economic conditions due to the inelastic demand for their products. Therefore, it could be wise to invest in fundamentally strong pharma…

StockNews.com

Why Alibaba, Tesla Rivals Nio, Xpeng Are Spiking Again In Hong Kong Today

Shares of U.S.-listed Chinese tech companies traded notably higher in Hong Kong on Wednesday following upbeat quarterly earnings results from companies such as smartphone maker Xiaomi Corp. and biotechnology company WuXi Biologics.

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