'Hunter Biden Pleads Not Guilty To Three Federal Gun Charges Filed After His Plea Deal Collapsed' - AP News
Portfolio Pulse from Benzinga Newsdesk
Hunter Biden, son of President Joe Biden, pleaded not guilty to three federal firearms charges after a plea deal collapsed. His lawyer plans to file a motion to dismiss the case, challenging its constitutionality. The charges are related to Hunter Biden lying about his drug use on a form to buy a gun in 2018. The case could potentially impact the 2024 election. House Republicans are seeking to link Hunter Biden's dealings to his father's through an impeachment inquiry.
October 03, 2023 | 2:51 pm
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NEUTRAL IMPACT
The legal case against Hunter Biden could potentially impact the 2024 election, which may cause uncertainty in the market. However, as Hunter Biden is not a public official and the case is not directly related to any specific company or sector, the impact on SPY is likely to be minimal.
While the legal case against Hunter Biden could potentially cause some uncertainty in the market leading up to the 2024 election, it's important to note that Hunter Biden is not a public official and the case is not directly related to any specific company or sector. Therefore, the impact on SPY, which tracks the S&P 500 and is a broad representation of the US stock market, is likely to be minimal.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 10