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The Biden administration has informed some suppliers to China’s Huawei Technologies Co. of tighter conditions on previously approved export licenses, prohibiting items for use in or with 5G devices, according to people familiar with the move.
US imposes more limits on suppliers to Huawei
‘CORRECTING MISTAKES’: The rules create a more explicit prohibition on exports of components for 5G devices, making the ban more uniform among licensees
Bloomberg
The administration of US President Joe Biden has informed some suppliers to China’s Huawei Technologies Co (華為) of tighter conditions on previously approved export licenses, prohibiting items for use in or with 5G devices, people familiar with the move said.
The 5G ban is effective as of this week, said the people, who asked not to be identified to discuss nonpublic communications.
The rules create a more explicit prohibition on the export of components such as semiconductors, antennas and batteries for Huawei 5G devices, making the ban more uniform among licensees.
(Bloomberg) Happy Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend. The big question in financial markets is whether the post-pandemic recovery will bring a burst of inflation.
Dow and S&P 500 ring in another round of records as Wall Street reaps weekly gains MarketWatch 3/12/2021
MARKET SNAPSHOT
The Dow and S&P 500 index finished at another record on Friday, with all three major equity benchmarks booking weekly gains, as investors gravitated toward shares of companies set to benefit from a stronger economic recovery this year.
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Technology stocks fared less well, however, as long-term government bond yields rose to a one-year high. What are major benchmarks doing?
The Dow Jones Industrial Average gained 293.05 points, or 0.9%, to finish at 32,778.64, marking another all-time high.
The S&P 500 index rose 4 points, or 0.1%, to end at 3,943.34, booking a closing record.