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Illumina’s Pain Infects Biotech ETFs

Biotech exchange-traded funds are in pain, yet again, with the iShares Nasdaq Biotechnology ETF (IBB) and the VanEck Vectors Biotech ETF (BBH) falling 2.5% and 2.3% respectively. This time, the blame falls on Illumina (ILMN). The gene sequencing company plunged more than 25% in morning market action after the company warned that third-quarter sales, due to be released on Nov.
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