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Stock impact report

Arrow Electronics says that US trade curbs on its Chinese affiliates are being reversed [Yahoo! Finance]

Arrow Electronics, Inc. (ARW) 
Last arrow electronics, inc. earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
was reversing trade restrictions placed on Arrow's China-based affiliates for facilitating the sale of U.S. components found in weaponized drones used by Iran-backed groups like the Houthis. Arrow (China) Electronics Trading Co and another Arrow entity with six aliases in Hong Kong were added to the Commerce Department's Entity List on October 8 in a Federal Register posting. Licenses are required to export goods and technology to companies on the list and are likely to be denied. Firms are placed on the list over U.S. national security or foreign policy interests. On October 8, Commerce said that drones operated by Iran-backed groups and their debris recovered in the Middle East since 2017 had U.S. components traced to sales tied to these Arrow-related entities. Arrow said on Saturday the Commerce Department told it the department would soon publish the reversal in the U.S. Federal Register and sent a letter Friday removing the restrictions in the meantime. "We have receive Show less Read more
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