Justice Department To Investigate PGA Tour-LIV Golf Pact
Portfolio Pulse from Benzinga Newsdesk
The Justice Department is set to investigate the partnership between PGA Tour and LIV Golf Investments, potentially affecting the golf industry and related stocks.
June 15, 2023 | 3:35 pm
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NEUTRAL IMPACT
The Justice Department's investigation into the PGA Tour-LIV Golf partnership may have a minimal impact on the broader market, represented by SPY.
While the investigation may affect the golf industry, its impact on the broader market, represented by SPY, is expected to be minimal as the golf industry is a small part of the overall market.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 25
NEGATIVE IMPACT
The Justice Department's investigation into the PGA Tour-LIV Golf partnership may impact MODG, a golf-related stock.
The investigation into the partnership between PGA Tour and LIV Golf Investments may lead to potential legal issues or changes in the golf industry, which could negatively impact golf-related stocks like MODG.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75