Europe Set To Agree On Supply Chain Emergency Powers Next Week; Agreement Likely On Requirement For Companies To Priorities Production Of Key Products During A Supply Chain Crisis, Key EU Lawmaker Says
Portfolio Pulse from Benzinga Newsdesk
The European Union is expected to finalize an agreement next week that would grant it emergency powers to manage supply chain crises. This agreement would include a mandate for companies to prioritize the production of essential products during such crises, according to a key EU lawmaker.
January 24, 2024 | 5:38 pm
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VGK, an ETF that tracks European equities, may be impacted by the EU's expected agreement on supply chain emergency powers, potentially affecting companies within the ETF's portfolio.
While the news directly pertains to regulatory changes in the EU, the impact on VGK is indirect. The ETF includes a diverse range of European companies, some of which may be affected by the new mandate to prioritize essential product production during supply chain crises. The short-term impact on VGK's price is uncertain, as it will depend on the specific companies within the ETF's portfolio and their exposure to supply chain issues. However, the news is relevant and important as it could lead to operational changes for these companies, which may in turn affect their stock performance and thus the performance of the ETF.
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