Tag: CONGRESS
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Tencent and CATL Challenge Pentagon’s Military Designation Amid Trade Tensions
Tencent and CATL plan to legally challenge their inclusion on the U.S. Department of Defense’s Chinese Military Companies list. Both companies denied military ties and are engaging with U.S. authorities. This designation affects their stock performance but not overall operations, amid rising U.S.-China trade tensions, with Tencent retaining a strong market position despite challenges. Tencent…
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US Elections 2024: Impact on Stocks as Trump Leads Over Harris
As Donald Trump leads early in three states over Kamala Harris, stocks in the IT and pharmaceutical sectors are in focus. Trump’s prior executive actions on immigration and upcoming healthcare policies may significantly affect these industries. Both parties are aiming to adjust drug pricing, which could create divergent outcomes for pharmaceutical companies. Overall, upcoming US…