White House: US President Trump will sign an executive order shortly regarding social media companies

Adding to the slew of updates from the US, the White House Press Secretary Kayleigh McEnany recently announced that US President Trump will sign an executive order shortly regarding social media companies.

Markets implications

The news follows US President Trump’s tweets to Veto a bill that could reinstate three surveillance systems that might hinder his path of re-election. This adds to the market’s pessimism, already fuelled by US-China tussle, while adding burden on the S&P 500 Futures, currently down 0.16% to 3,030.

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