Biden Says On Negotiations Between USMX And The International Longshoremen's Association: Collective Bargaining Is Best Way For Workers To Get Pay And Benefits They Deserve; It Is Time For USMX To Negotiate A Fair Contract With Longshoremen; My Administration Will Be Monitoring For Any Price Gouging Activity That Benefits Foreign Ocean Carriers, Including Those On USMX Board
Portfolio Pulse from Benzinga Newsdesk
President Biden emphasizes the importance of collective bargaining in negotiations between USMX and the International Longshoremen's Association. He urges USMX to negotiate a fair contract and states that his administration will monitor for any price gouging by foreign ocean carriers.
October 01, 2024 | 4:19 pm
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NEUTRAL IMPACT
The ongoing negotiations between USMX and the International Longshoremen's Association could impact the broader market, as disruptions in port operations may affect supply chains and trade. Monitoring for price gouging by foreign carriers could also influence market dynamics.
The SPY ETF, representing the S&P 500, could be indirectly affected by the negotiations due to potential supply chain disruptions impacting various sectors. However, the direct impact is not clear, leading to a neutral short-term score.
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