A building on the Illumina Campus in University City. Reuters/Mike Blake San Diego gene-sequencing pioneer Illumina on Tuesday won its court fight against the European Union’s investigation of its $7.1 billion purchase of cancer diagnostic test maker Grail, a ruling set to curb Brussels’ merger powers. Illumina, which founded Grail and spun it off in 2016 only to re-acquire it in 2021, had fought against the European Commission’s decision to wield a rarely-used power called Article 22 to assess the deal even though it was below the EU’s merger revenue threshold. The case has been closely watched by companies wary of EU scrutiny of minor deals and regulatory over-reach but which reg
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