Nasdaq 100 index rose by 0.5%, pdd holdings surged by 9.88% leading the way.
September 24, Glonhui｜The Nasdaq 100 Index turned up 0.5%, refreshed the daily high, with component stock PDD Holdings ADR leading the way with a 9.88% increase, followed closely by Nvidia with a 3.85% increase, Lululemon, Grail, Intel, and Netflix all rose by over 2%.
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Regulatory milestone event! The court ruled that the European Commission exceeded its authority in the Illumina (ILMN.US)-Grail (GRAL.US) acquisition case.
In the litigation over the Grail acquisition trade case with the European Commission, the European Union's highest court ruled in favor of Illumina.
*EU Court Ruling Set to Curb Antitrust Enforcers' Powers in Reviewing Small Takeovers -- WSJ
Illumina Hails ECJ Ruling, Eliminates €432M Fine Over GRAIL Acquisition