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Rumour: US House to Vote on Biosecure Act & Bill Targeting CN EV Supply Chain in Early Sep
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Bloomberg reported that Republican leaders in the US House of Representatives plan to vote early next month on the Biosecure Act, which seeks to prohibit federal government contractors from doing business with 6 Chinese biotech firms, namely WUXI APPTEC (02359.HK), WUXI BIO (02269.HK), BGI Group, MGI Tech and Complete Genomics. Citing an email from the Republican party leadership to the party's congressional office, the report said the House is expected to vote on the Biosecure Act and other legislations related to Chinese companies at the end of the legislators' summer break on 9 September, including legislation targeting China's electric vehicle supply chain. WuXi series rose this morning (30 Aug) along with the broader market. WUXI APPTEC trades now at $35.1, up 2.48%, with 2.3619 million shares, involving a capital of $81.7779 million. WUXI BIO is now trading at $11.16, up 3.72%, with a volume of 26.3512 million shares and a turnover of $290 million. AAStocks Financial News |
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