$Direxion Daily S&P Biotech Bull 3x Shares(LABU)$ Ever wonder why BD deals in China’s biotech scene have been booming lately? Simple the Fed’s hawkish stance is squeezing innovation in the US. Biotech firms over there are seriously struggling to survive, especially with heavy R&D costs. That’s why global pharma giants are turning to China. Lower costs, strong science,it’s a golden setup. And for plays like LABU, this could be a prime time to load up!

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