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Stock impact report

Mobileye Global (MBLY) Tumbles 6.8% as EU Free Trade Deal Pause With Israel [Yahoo! Finance]

Mobileye Global Inc. - Class A (MBLY) 
Company Research Source: Yahoo! Finance
Mobileye ended two straight days of gains on Wednesday, shedding 6.85 percent to close at $13.88 apiece as investor sentiment was dampened by the European Union's (EU) decision to partially pause a trade deal with Israel amid its ongoing conflict with Palestine. On Wednesday, European Commission President Ursula von der Leyen called for the suspension of a free trade agreement with Israel, although she did not specify which products and industries would be affected. Mobileye Global (MBLY) Tumbles 6.8% as EU Free Trade Deal Pause With Israel Photo by Samuele Errico Piccarini on Unsplash Mobileye Global Inc. (NASDAQ:MBLY), an Israel-based firm, is particularly at risk if the automotive industry gets hit by the new trade policy, as any imposition of tariffs could weigh down on its profits and margins. Three of Mobileye Global Inc.'s (NASDAQ:MBLY) key customers are based in Europe, including Volkswagen, BMW, and Stellantis. In the second quarter of the year, Mobileye Global I Show less Read more
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