Biden's 'Hazard Alert' Takes Aim At Worker Heat Protection Amid Sweeping US Heatwave
Portfolio Pulse from AJ Fabino
President Joe Biden has issued a 'Hazard Alert' to protect workers from the ongoing heatwave in the U.S. and pledged to invest in combating the impact of extreme weather events. The air conditioning market is expected to grow significantly due to the increasing demand caused by climate change. U.S.-based companies Carrier Global Corp, Whirlpool Corporation, and Emerson Electric Co are seeing positive trends, while non-U.S.-based companies like Electrolux AB, Hitachi Ltd, Mitsubishi Electric ADR, and Toshiba Corp are also experiencing favorable pricing trends.
July 27, 2023 | 6:05 pm
News sentiment analysis
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POSITIVE IMPACT
Carrier Global Corp is seeing positive trends due to the increasing demand for air conditioning.
The ongoing heatwave and the increasing demand for air conditioning are likely to boost Carrier Global Corp's sales and revenue.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Emerson Electric Co is seeing positive trends due to the increasing demand for air conditioning.
The ongoing heatwave and the increasing demand for air conditioning are likely to boost Emerson Electric Co's sales and revenue.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Whirlpool Corporation is experiencing positive trends due to the increasing demand for air conditioning.
The ongoing heatwave and the increasing demand for air conditioning are likely to boost Whirlpool Corporation's sales and revenue.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80