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Chinese biotech giant WuXi AppTec’s shares jump after Pentagon blacklist reversal

Verified: 2 outlets in 2 countries have reported this story since Nov 10.

📍 Wuxi, CN·🕐 1h ago·2 outlets

WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...

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✓ Verified · 2 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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cross checkconfirmed90%

[Claude] Report 2 covers the same event, the Pentagon removing WuXi AppTec from its Chinese military-linked list and the resulting share jump, and does not conflict with Report 1.

43m ago
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Reliability
87%

Very high · How we score this

Risk Score
medium risk