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Cruise Industry Hinges on Vote

Cruise Industry Hinges on Vote

The Centers for Disease Control and Prevention have lifted their sailing ban for U.S. cruise voyages as of Nov. 1, buoying shares of major cruise-line

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The Centers for Disease Control and Prevention have lifted their sailing ban for U.S. cruise voyages as of Nov. 1, buoying shares of major cruise-line stocks over the past few days. But investors hoping for full steam ahead in the industry could run into trouble.

Shares of Royal Caribbean Group are up nearly 7% since Thursday on the news that its U.S. operations can prepare to resume, while shares of Carnival Corp. and Norwegian Cruise Line Holdings are both up roughly 5% over the same period. The expiration of the “no sail”…

This post first appeared on wsj.com

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