Government FundingA continuation of the government shutdown and a delay in the release of NIH funding would imply revenue at the lower end of the guidance range.
Market ConditionsIn China and Asia Pacific (APAC), products declined both sequentially and year-over-year due to tariff concerns.
Sector UncertaintyConcerns about basic research funding, drug pricing, and tariffs create an uncertain environment for the sector that seems likely to persist for the near future.