Af­ter in­sid­er trad­ing scan­dal, US con­gress­man drops cam­paign — but stays on the bal­lot; Jun­shi Bio­sciences ap­plies for Hong Kong IPO

→ The US con­gress­man who was charged with in­sid­er trad­ing on a biotech stock last week has sus­pend­ed his cam­paign for re-elec­tion. New York GOP Rep. Chris Collins, the first mem­ber of Con­gress to en­dorse Trump for pres­i­dent in 2016, said in a state­ment that quit­ting the cam­paign would best serve his cir­cle.

“Af­ter ex­ten­sive dis­cus­sions with my fam­i­ly and friends over the last few days, I have de­cid­ed that it is in the best in­ter­ests of the con­stituents of NY-27, the Re­pub­li­can Par­ty and Pres­i­dent Trump’s agen­da for me to sus­pend my cam­paign for re-elec­tion to Con­gress,” he said.

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