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Illumina’s stock suffering biggest selloff in a year after warning of fines for closing GRAIL merger too soon

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Illumina’s stock suffering biggest selloff in a year after warning of fines for closing GRAIL merger too soon

Shares of Illumina Inc.
ILMN,
-10.03%
tumbled 9.8% in afternoon trading Thursday, enough to pace the S&P 500’s
SPX,
-0.14%
decliners, after the life sciences tools disclosed that it is likely to be fined for completing its acquisition of GRAIL Inc….

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