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Still, that didn’t prevent a lower close across key Asian stock markets.

Its stock opened higher on its first day of trading on the Bombay Stock Exchange, gaining over 2.0% to 332.80 rupees before paring gains.

That kind of rebound matters: When pharma companies’ stocks rise, so does their appetite for acquisitions, which is the lifeblood of biotech.

The news, delivered just after US stock markets closed on Friday, sent shares plunging after hours, as investors digested the prospect of a reinvigorated trade war.

And if stock prices don’t continue to rise, companies will be forced to pay their employees additional compensation in cash.