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Stock impact report

Tariffs, Cut Funding Spur Illumina's Worst Month in 23 Years [Yahoo! Finance Canada]

ROCHE HOLDING LTD S/ADR (RHHBY) 
NASDAQ:AMEX Investor Relations: roche.com/investors.htm
in February, as the gene-sequencing company capped off its worst month in nearly 23 years. Most Read from Bloomberg At the heart of the company's tumult lie concerns about President Donald Trump's China tariffs, coupled with a disappointing earnings outlook, increasing competition and funding cuts. The four-time whammy is hitting the gene-sequencing firm at a time of slowing revenue growth, especially in its China business. That's led investors to flee the stock in droves, causing a 33% plunge this month in its worst drop since July 2002. February's declines have also erased about $7 billion from the San Diego, California-based company's market value. “The way forward for Illumina is just going to be more challenging than it has been historically,” said Jonathan Palmer, a Bloomberg Intelligence analyst. “All these things temper the outlook for Illumina, on their ability to return to growth.” Shares took their first drubbing earlier in the month after China blacklisted the co Show less Read more
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