Life sciences firms rise after US and China agree to cut tariffs

Quidelortho

12/05/2025 14:28

** Shares of some life sciences firms rise premarket after the U.S. and China's agreement to temporarily cut tariffs eased trade tensions and recession fears

** Shares of QuidelOrtho QDEL.O up ~2%, Thermo Fisher Scientific TMO.N up 2.2%, Bio-Techne TECH.O up 2.1% and Danaher DHR.N up 2.3% premarket

** 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% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))