'U.S. Blacklists Spyware Companies, Citing Security Threats; Intellexa And Cytrox Were Added To A Federal "Entity List" That Prohibits American Companies From Engaging In Certain Trade Activities With Them' - Washington Post
Portfolio Pulse from Happy Mohamed
The U.S. government has blacklisted spyware companies Intellexa and Cytrox, citing security threats. The companies were added to a federal 'Entity List' that prohibits American companies from engaging in certain trade activities with them.
July 18, 2023 | 1:45 pm
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NEGATIVE IMPACT
The blacklisting of Intellexa and Cytrox may have indirect effects on the SPY ETF, as it could impact companies within the ETF that have business relations with these spyware companies.
The blacklisting of Intellexa and Cytrox by the U.S. government could potentially impact companies within the SPY ETF that have business relations with these spyware companies. This could lead to a negative impact on the ETF's performance in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20