EU Seals A New Transatlantic Data Transfers Pact With The U.S.
Portfolio Pulse from Happy Mohamed
The European Union has sealed a new transatlantic data transfers pact with the United States, according to Reuters. This agreement is expected to ensure that companies can continue to transfer personal data across the Atlantic, a process that is crucial for many businesses.
July 10, 2023 | 1:44 pm
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POSITIVE IMPACT
The new data transfer pact between the EU and the U.S. could potentially benefit U.S. companies, which may have a positive impact on the SPY ETF, which tracks the S&P 500 index.
The new data transfer pact will ensure that U.S. companies can continue to transfer personal data across the Atlantic, which is crucial for many businesses. This could potentially boost the performance of U.S. companies, which would in turn have a positive impact on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The new data transfer pact between the EU and the U.S. could potentially benefit European companies, which may have a positive impact on the VGK ETF, which tracks the European stock market.
The new data transfer pact will ensure that European companies can continue to transfer personal data to the U.S., which is crucial for many businesses. This could potentially boost the performance of European companies, which would in turn have a positive impact on the VGK ETF, which tracks the European stock market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50