LYV - Live Nation falls on report that Biden administration looking at concert ticket fees (update)

Update 1:52pm : Updates shares, adds Live Nation comment.

• Live Nation Entertainment ( NYSE: LYV ) dropped 1% after some headlines about the Biden administration looking at fees involving concert tickets and resort fees.
• President Joe Biden reportedly said his administration is looking at fees involving concerts and resort fees, according to Reuters headlines.
• Live Nation ( LYV ) responded to Biden's comments in a statement.
• "We applaud President Biden's advocacy for fee transparency in every industry, including live event ticketing. Live Nation Entertainment ( LYV ) advocated for the all-in pricing mandate passed in New York earlier this year, which requires face-value prices and fees to be shown upfront – and we support the FTC mandating this nationally."
• Live Nation ( LYV ) is scheduled to report Q3 results next Thursday.

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