U.S. Agriculture Department Confirms Screwworm Detection in Texas Calf, Prompting Biotech Stock Surge
The U.S. Department of Agriculture has confirmed the detection of the New World screwworm in a calf in Texas, marking the first known case of this flesh-eating fly in the United States since 2017. The larvae of the screwworm can cause significant damage to livestock by burrowing into the flesh of living animals. In response to this detection, federal and state officials are actively working to contain and eradicate the fly to prevent further spread. The confirmation of the screwworm case has led to a rise in biotech stocks, particularly Zoetis and Elanco Animal Health, as investors anticipate increased demand for solutions to combat the pest. 
