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Trade War Fallout Prompts San Diego's Illumina to Lower Outlook, Cut $100 Million in Costs
The San Diego-based company said it now expects 2025 adjusted profit ... China announced a ban on imports of genetic ...
Illumina to cut $100M in costs to cope with China ban
The San Diego company also lowered its financial guidance for 2025 in response to China’s import restrictions.
Illumina to Cut $100 Million in Costs, Lowers Guidance Because of China Sales Ban
Beijing banned imports of Illumina’s gene-sequencing machines in response to U.S. tariffs.
Times of San Diego6d
Trade War Fallout Prompts San Diego’s Illumina to Lower Outlook, Cut $100 Million in Costs
Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban on imports of its genetic sequencing instruments. The San Diego-based ...
Earnings news causes immediate stock price jumps, sometimes moving whole market
Recent weeks have vividly illustrated that stock markets respond quickly to policy changes in tariffs. Just how fast the ...
Yahoo Finance3d
Illumina, Inc. (ILMN)
Illumina is reducing its forecast for this year’s financial performance and cutting $100 million in spending because China barred sales of the company’s gene-sequencing machines. San Diego ...
Voice of San Diego4d
Morning Report: City of San Diego Wants CARE Court Reforms
The city of San Diego has got beef with San Diego County’s CARE Court rollout. Our Lisa Halverstadt reveals that the city has ...
China Summons Walmart for Talks as Suppliers Complain Over Tariffs
Beijing has summoned Walmart for reportedly asking Chinese suppliers to swallow the tariff hikes imposed by the Trump administration, marking the latest salvo in the trade spat between the world's two ...
The Manila Times5d
Tecan reports 2024 financial results, enhancing operational resilience amid challenging conditions
Männedorf, Switzerland, March 12, 2025 - The Tecan Group (SIX Swiss Exchange: TECN) today announced its full set of audited ...