NIH data ban blocks researchers in China, Russia, elsewhere
And other biotech news stories, brought to you by The Readout.

Hey there. Today, we talk about the NIH’s database ban on researchers in countries including China and Russia, discuss the legality of the HHS firings, and more.
Pining for the days when biotech delivered good news
The XBI fell more than 4% yesterday. The closely tracked index of biotech stocks is now down 13% since the announcement of President Trump’s tariff policy. It’s down 22% for the year.