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Stock impact report

US-Traded China Firms Face Higher Delisting Risk, TD Cowen Says [BNN Bloomberg (Canada)]

Nasdaq, Inc. (NDAQ) 
Last nasdaq, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.nasdaq.com
Company Research Source: BNN Bloomberg
A letter from 10 Republican lawmakers to Nasdaq Inc. Chief Executive Officer Adena Friedman on April 11 pressing her to explain why the bourse still lists firms on the Defense Department's 1260H list of Chinese Military Companies “is a warning” about the risk, TD Cowen's managing director for financial services Jaret Seiberg wrote in a note on Tuesday. It also suggests the broader efforts to kick out US-traded Chinese companies are far from over, he said. “This is an easy provision to include in any bill that looks like it will be enacted,” Seiberg said. In the letter, the Republicans asked what policy Nasdaq has in place to protect US investors by restricting the listing of a Chinese military company or any entity tied to the military of a concerned country. The Nasdaq Golden Dragon China Index, a gauge tracking Chinese companies listed in the US, fell 6.3% in the three trading days through Tuesday. The Republican lawmakers specifically mentioned Hesai Group, asking Friedman Show less Read more
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