Not a great time to be a shareholder in companies that make scientific equipment & research services. Illumina here make ~80% of all DNA/RNA sequencers in the world. I give it two weeks until the layoffs start. - ThreadSky

c0nc0rdance.bsky.social • 13 days ago

Not a great time to be a shareholder in companies that make scientific equipment & research services.

Illumina here make ~80% of all DNA/RNA sequencers in the world. I give it two weeks until the layoffs start.

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bullbearjeff.bsky.social•12 days ago

Wow. And also $mrna gave back all covid gains.

nasaisright.bsky.social•13 days ago

More results from Trump's tragic and shameless freeze on vital healthcare research projects - despite repeated court orders that he and Musk reverse these cuts.

https://www.washingtonpost.com/politics/2025/02/10/trump-presidency-news/

twacanadaorg.bsky.social•12 days ago

Trump has learned through experience, the American legal system is a joke.

He's never been held accountable.

blikethecheese.bsky.social•12 days ago

What a perfect opportunity for Chinese manufacturers to swoop in and take the market. 4D chess

mtcrace.bsky.social•13 days ago

This is going to make things worse "San Diego’s Illumina placed on China’s ‘unreliable entity list’ following Trump tariffs"

indistinguished.bsky.social•13 days ago

Right. I didn't even think of that in light of NIH cuts.

c0nc0rdance.bsky.social•13 days ago

Thermo-Fisher is a lot more diversified: medical equipment, diagnostic products, etc.

But also going to be a rough day.

pighway.bsky.social•13 days ago

But it’s a great day to buy!

c0nc0rdance.bsky.social•13 days ago

I'd uh... hold off for a few days.

thrashy.bsky.social•13 days ago

My gut feeling is that Thermo's gonna crank the M&A engine into high gear and snap up even more of the scientific equipment market. Woe for the masses means mealtime for megacorps, same as it ever was.

qua12.bsky.social•13 days ago

Trump and the GOP are destroying our nation's scientific base👍

shumeister.bsky.social•12 days ago

What are the chances of relocating to another country to avoid the shitshow?

brooklynkid53bskys.bsky.social•12 days ago

I wish PhDs would stop saying silly things about the stock market

honestly

brooklynkid53bskys.bsky.social•13 days ago

The NIH won't be cut, cause there are a lot of people who make a good living off the NIH and they complain so much even GOP congress crazies listen

head start on the other hand no hoity toity academics seem to care

ockinger.bsky.social•12 days ago

No that are to many steps for the regular congressman to follow.

jmarotta.bsky.social•13 days ago

Yikes. I’m guessing this is a direct knock-on effect from the NIH cuts to IDC rates?

c0nc0rdance.bsky.social•13 days ago

A lot of it. Barclay's also downgraded it to "sell" because of something about Chinese trade disputes. I'm assuming with BGI?

ericfoltz.bsky.social•13 days ago

There is a bright side.

Tesla is down 13% YTD.

Let's see how long it takes for Elon to be the ex-richest man in the world.

jennainwisco.bsky.social•12 days ago

13% isn't low enough 31 would have me buying champagne and laughing the night away.

None the less it is a good start

milothepsychic.starbase80.net•13 days ago

Chan-Zuccerberg using Ultima Genomics for the sequencing in their One Billion Cells initiative probably isn't helping Illumina either.

c0nc0rdance.bsky.social•13 days ago

Not looking good for 10X right now, either.

milothepsychic.starbase80.net•13 days ago

I'd be surprised by that, but 10X has done nothing but tank for a while. Given the several hundred thousand dollars my lab has seemingly sent them yearly, I cannot understand why.

martti74.bsky.social•12 days ago

Not quite the same thing, but related in some way, vaccine producer Moderna down by 60% during the last half year.

transitionstate.bsky.social•13 days ago

Great news for BGI, I would imagine.

ockinger.bsky.social•12 days ago

But BGI is not great for the world. If you have legitimate complaints regarding their products, the Chinese government will call you incompetent and send their troll army to undermine your country's health authorities.

transitionstate.bsky.social•12 days ago

That was my thought, yeah.

libbyandcats.bsky.social•13 days ago

Awful.

love4biology.bsky.social•13 days ago

Indeed. Christofascism wins...

fizzbin88.bsky.social•13 days ago

Very sad...

whynotbehere.bsky.social•13 days ago

It’s not a great time to hold any American stocks.Here’s the Dow Jones for the past month.Everything was going good. Then you can see what happened when Trump took office. For the past week it has been sliding downwards. When he said make America great again, he was referring to the Great Depression

maceovive.bsky.social•13 days ago

#Trump “creating jobs”

mrdissent.bsky.social•12 days ago

Trump

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