WuXi AppTec's stock price surged 100% to an all-time high, as investors bet on its continued core position in the global drug supply chain.
WuXi AppTec's stock price hit a record high last week, doubling its January level, despite the U.S. Pentagon listing it as a Chinese military company, which could lead some American clients to withdraw business. Investors continue to pour in, betting on the company's core position in the global supply of obesity, cancer, and other drugs. Previously, WuXi AppTec's first-half results exceeded analysts' expectations and it significantly raised its full-year guidance. It also obtained a preliminary injunction against the Pentagon's accusations, which investors generally interpreted as a positive sign.
Source:彭博市场 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Ethereum Developers to Narrow Down 66 Proposals for Hegotá Upgrade
-
2
Orthopedic surgeon Mark Perlmutter describes amputating a five-year-old girl's leg in Gaza without anaesthesia after supplies ran out during Israel's war.
-
3
China's Guangdong province welcomes nearly 40 Tsinghua University computer science students in a push to attract and retain AI talent
-
4
AI "chipflation" sweeps the UK, with July CPI expected to rise 2.9% year-on-year, breaking the downward trend. The Bank of England warns that the window for interest rate cuts is narrowing.
-
5
Korean builders accelerate entry into AI data center market, driven by generative AI boom; JLL forecasts 14% annual growth to 2030 and $3 trillion infrastructure need
-
6
South Korea's Industry Minister Kim Jung-kwan departed for Washington amid growing U.S. tariff pressure and calls to accelerate investment commitments.
-
7
Russian strikes kill Ukrainian woman, NATO jet downs drone over Romania, and Ukraine launches drone attack on Moscow
-
8
Elon Musk forwarded a SpaceX post stating that Falcon 9’s first stage successfully landed on the Of Course I Still Love You droneship.
-
9
Michael Saylor highlights Bitcoin's (BTC) 47% drop over the past year, while their Digital Credit instruments ranged from -27% to +9%, with STRC up 9%.
-
10
Analysts: Israeli October election to focus on domestic issues, not Palestine
Markets Today
Recommended Reading


