Gallagher Says Commerce Dept Should Ensure No U.S.-Export Licenses Granted To Firms Operating In China Are Used To Backfill Micron
Portfolio Pulse from Benzinga Newsdesk
Gallagher has urged the Commerce Department to ensure that no U.S.-export licenses granted to firms operating in China are used to backfill Micron.
May 23, 2023 | 6:13 pm
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NEUTRAL IMPACT
Gallagher's call to the Commerce Department may have a limited impact on the broader market, as represented by the SPDR S&P 500 ETF (SPY).
Gallagher's request to the Commerce Department is focused on firms operating in China and their potential impact on Micron. While this may have some effect on specific companies, it is unlikely to have a significant impact on the broader market, as represented by the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 20
NEGATIVE IMPACT
Gallagher's request to the Commerce Department may impact Chinese firms operating in the U.S., potentially affecting the iShares China Large-Cap ETF (FXI).
Gallagher's request to the Commerce Department aims to prevent U.S.-export licenses from being used to backfill Micron. This may lead to increased scrutiny on Chinese firms operating in the U.S., which could negatively impact the iShares China Large-Cap ETF (FXI) in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Gallagher's call to the Commerce Department may lead to increased scrutiny on firms operating in China, potentially affecting Micron Technology (MU).
Gallagher's request to the Commerce Department is aimed at preventing U.S.-export licenses from being used to backfill Micron. This may lead to increased scrutiny on firms operating in China, which could negatively impact Micron Technology (MU) in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100