Stephen Neukam Axios Congress Reporter Posts On X "Senate Republicans just killed a bill that mirrors Trump's proposal for universal IVF access. It got 51 votes on the floor. It needed 60."
Portfolio Pulse from Benzinga Newsdesk
Senate Republicans have blocked a bill that aimed to provide universal IVF access, similar to a proposal by Trump. The bill received 51 votes but needed 60 to pass.
September 17, 2024 | 7:54 pm
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NEGATIVE IMPACT
Progyny (PGNY), a company specializing in fertility benefits, may be impacted by the Senate's decision to block a bill for universal IVF access. The bill's failure could limit potential market expansion for IVF services.
Progyny's business model is closely tied to fertility services. The blocked bill could have expanded IVF access, potentially increasing demand for Progyny's services. Its failure may limit such growth opportunities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) is unlikely to be significantly impacted by the Senate's decision on the IVF bill, as it is a broad market ETF and the news pertains to a specific sector.
SPY tracks the S&P 500 index, which includes a wide range of sectors. The blocked IVF bill is a sector-specific issue, unlikely to affect the broader market significantly.
CONFIDENCE 95
IMPORTANCE 10
RELEVANCE 20