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How is a small b2b plan not an oligopoly these days?
Many brokers understand the Dow Industrial Average’s 30 companies index and the S&P 500’s 500 stocks that are comprised of 500 of the largest companies but what is often paired with these two stock indexes is the Nasdaq. The Nasdaq is actually not an index of companies but a securities exchange market, a relationship with securities similar to the New York Stock Exchange’s relationship with stocks and the Chicago Board Options Exchange’s relationship with options. So to answer the question, “How is a small b2b plan not an oligopoly these days?” the answer is industry! Let’s dive into three segments of the Nasdaq to better clarify one relevant industry today: protection of intellectual property rights under the United States-Mexico-Canada (USMCA); National Market, Capital Market and Global Select Market.
Nasdaq National Market and USMCA Protection of Intellectual Property Rights
The Nasdaq National Market is an antiquated market tier of the Nasdaq. Both domestic and foreign shareholders would choose from over 3000 companies through the Nasdaq National Market, a broad marketplace that was once beneficial to the exclusive Dow Industrial Average and S&P 500. The best place to be in terms of investments for this tier of the Nasdaq is its hope to come back in relation with the timeline nature of USMCA itself.
Because of the 16-year lifespan of the USMCA, the Nasdaq National Market is reminiscent of what holding places can commence one day and what could just dissipate altogether. For compatibility’s sake alone, the Nasdaq National Market could more than benefit by coming back and supporting the USMCA’s protection of digital trade in moving forward than promulgating stagflation – this stagflation being unemployment due to a lack of competitive short-term tariffs amongst the U.S., Mexico and Canada in this industry as much as high inflation of products that could otherwise be progressing due to this competition.
Nasdaq Capital Market and USMCA Protection of Intellectual Property Rights
The Nasdaq Capital Market is another Nasdaq market tier that focuses on early-stage companies. This market keeps innovation in mind before companies are ready to go public in a big way and also keeps smaller to mid-size companies in check in terms of what they can and cannot due before progressing to larger stock indexes. The best example for USMCA protection of intellectual property rights in this tier is the development of firmware.
Digital trade that overlaps some automobile origin trade is beneficial to protecting U.S. citizens down to the firmware and software of their vehicle. If at least 75% of automotive parts are manufactured in one of three participating countries, the vehicle could be sold tariff-free. With that said, any firmware created for the vehicle is immediately falling into both automobile origin trade and the protection of intellectual property rights categories. Firmware can be viewed in an interesting way in terms of copyright protection expanding to up to 70 years beyond the life of the creator, an extension duly noted for obvious industries such as digital music and e-books but now seen an interesting way due to automobile origin trade in the mix.
Nasdaq Global Select Market and USMCA Protection of Intellectual Property Rights
The Nasdaq Global Select Market is a market capitalization-weighted index made up of international stocks that represent the Global Select Market. With that said, this is the place to be for larger summation of capital, whether it be a solitary investment or futures portfolios. The best place to be for this tier in terms of protection of intellectual property rights is digital trade, especially digital music and e-books.
Technical requirements now require more personal responsibility in privacy policies for at-home work, something that overlaps copyright infringement of those who have printers protected under privacy policies. Though tariffs are prohibited for the trade of digital music and e-books amongst the U.S., Mexico and Canada, safe harbor for internet companies means these further protected companies can’t be held liable both with technical requirements in mind as well as the USMCA’s protection of intellectual property rights. In other words, so long as these companies make their best efforts to stop infringement, they are protected under this safe harbor protection. In tandem, technical requirements in privacy policies help stop the prospect of pirating publishing material by printing it out due to the required personal responsibility of requiring a printer on-hand in order to agree to a privacy policy.
Sources:
https://www.investopedia.com/usmca-4582387
https://www.investopedia.com/terms/n/nasdaq-nm.asp
https://www.investopedia.com/terms/n/nqgs.asp
https://www.investopedia.com/terms/n/nasdaq-smallcap-market.asp
https://www.investopedia.com/terms/n/nasdaq.asp
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