The DNA sequencing company also cut its 2025 earnings outlook to reflect the impact of tariffs on its business.

In February, Illumina announced it would be laying off 96 San Diego workers.

It also added 10 new companies to its "unreliable entity list," which prohibits them from doing any business in the country. Illumina was added to that blacklist last month. Please watch the video ...

Last month Illumina shareholders received a warning ... added the maker of gene-sequencing equipment to its list of “unreliable entities.” Now Beijing is going further. Retaliating against ...