Updates
** Shares of life sciences firms rise after U.S. and China agree to temporarily cut tariffs, easing trade tensions and recession fears
** Shares of Bio-Techne TECH.O up 7.5%, Bio-Rad Laboratories BIO.N up 6.7%, QuidelOrtho QDEL.O up 6.1%, Thermo Fisher Scientific TMO.N up 5.5% and Danaher DHR.N up 4%
** The U.S. will reduce tariffs on Chinese imports from 145% to 30%, while China will cut tariffs on U.S. goods from 125% to 10%; both measures effective for 90 days
** As of last close, QDEL down 18.4%, TMO down 22.5%, TECH down 30.7%, DHR down 17.4%, BIO down 23.7% YTD
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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