U.S. Senate Has Enough Votes To Sustain Biden Veto Of Bill Overturning EPA Heavy-Duty Truck Emissions Rule; Voting Continues
Portfolio Pulse from Happy Mohamed
The U.S. Senate has enough votes to sustain President Biden's veto of a bill that would overturn the EPA's heavy-duty truck emissions rule. Voting continues.
June 21, 2023 | 4:10 pm
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NEUTRAL IMPACT
The U.S. Senate's support for Biden's veto on the EPA truck emissions rule may have a neutral impact on the broader market, as represented by SPY.
The news about the U.S. Senate supporting Biden's veto on the EPA truck emissions rule is regulatory in nature and does not directly affect any specific company or industry. As SPY is a broad market ETF, the impact of this news on SPY is expected to be neutral, as it does not directly influence the performance of the companies within the ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50