Life sciences firms jumps after Trump announces 90-day tariff pause

Shares of some life sciences companies rise in afternoon trading, reversing course, after U.S. President Donald Trump authorized a 90-day pause on many of his new tariffs, effective immediately

Shares of QuidelOrtho QDEL.O up 9.2%, Thermo Fisher Scientific TMO.N up ~7%, Bio-Techne TECH.O up 10%

Bio-Rad Laboratories BIO.N up 10%, Danaher DHR.N up 9%

Trump also raised the tariff rate for China to 125% after China said it would impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced

Including session's moves, QDEL down 35.4%, TMO down 13.8%, TECH down 25.4%, BIO down 26% and DHR down 17.2% YTD