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"The question is to what extent and how broad will it be," Okun told CNBC's "Street Signs Asia" on Monday. House Speaker Mike Johnson told reporters the TikTok divesture bill will be on the floor on Wednesday. The Committee wants a "reset," with China Okun said. It is going to apply certainly into biotech – I think this is the sector you want to watch next." The U.S. Senate voted earlier this month to approve a bill that could restrict business with Chinese biotech firms, such as WuXi AppTec and BGI, on national security concerns.
Persons: Steven Okun, Okun, CNBC's, Mike Johnson, China Okun Organizations: APAC Advisors, ByteDance, Chinese Communist Party, U.S, Senate Locations: China, America, U.S, WuXi
CNBC Daily Open: Wall Street wary as inflation data looms
  + stars: | 2024-03-12 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. "The question is to what extent and how broad will it be," he told CNBC. Web inventor's top predictionsTim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al.
Persons: Patria Stodghill, vender Susan Mendoza, Hang Seng, Dow, Shaun Rein, it's, Steven Okun, Tim Berners, Lee Organizations: Patria, Washington , DC, CNBC, CSI, Nikkei, Nasdaq, China Market Research, APAC Advisors, Al, Barclays Locations: Washington ,, Hong Kong, Asia, China, U.S, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. House Select Committee on competition with the CCP wants a 'reset' with China: ConsultancySteven Okun, founder and CEO of APAC Advisors, discusses the approval of a bill that could lead to a ban on TikTok in the United States.
Persons: Steven Okun Organizations: U.S, CCP, APAC Advisors Locations: China, United States
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