Inflation Reduction Act

Senate Minority Leader Chuck Schumer (D-N.Y.) launched a scathing attack on the Republican Party’s budget reconciliation bill, dubbed the “One Big, Beautiful Bill” for its extensive cutbacks on welfare, alongside tax breaks for the wealthy. What Happened: On Thursday, Schumer did...

Entrepreneur and investor Mark Cuban has never been shy about sharing his opinions on business and investment topics. In a 2022 interview, Cuban shared why he's against share buybacks. What Happened: Many public companies offer stock dividends and share buybacks to reward shareholders. Each has its...

MicroStrategy Inc. (NASDAQ:MSTR) reportedly may be liable for taxes on its unrealized Bitcoin (CRYPTO: BTC) gains, despite having made no sales. What Happened: The Inflation Reduction Act of 2022, which introduced a “corporate alternative minimum tax,” could result in the so-called...

An executive order signed by President Donald Trump put an emphasis on ending electric vehicle plans put in place by former President Joe Biden and could put an end to the $7,500 tax credits that helped boost the sector. What Happened: One of Trump's first tasks since becoming president was to sign...

President-elect Donald Trump said on Monday that he will appoint former Congressman Lee Zeldin as the administrator of the Environmental Protection Agency (EPA). What Happened: “He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American...

The U.S. government’s newly acquired ability to negotiate drug prices may not drastically alter the amount Americans spend on their medications, according to industry experts. What Happened: The Inflation Reduction Act, a landmark legislation by President Joe Biden, permits the U.S....

China has filed a complaint with the World Trade Organization against the United States’ electric vehicle (EV) tax credit program, alleging discriminatory practices. Heart Of Dispute: The dispute centers on the Inflation Reduction Act‘s EV incentives, which...

Kansas City Chiefs tight end Travis Kelce is fresh off winning back-to-back Super Bowls after the Chiefs took home another Lombardi Trophy for their victory in Super Bowl LVIII. While Kelce is still playing NFL games into the future, his Hollywood ambitions could be growing. What Happened: Kelce...

Sen. Joe Manchin (D-W.Va.) has announced he will not be seeking reelection in 2024, potentially opening the path for a Republican victory in West Virginia. What Happened: The Hill reported on Thursday that after “months of deliberation and long conversations with my family,...

The Joe Biden administration’s climate ambitions face significant hurdles as numerous clean energy projects in the U.S. are being either postponed or scrapped. This has occurred despite the Inflation Reduction Act (IRA) signed by Biden in August 2022, which planned to inject $370bn...

Hydrogen fuel has been a top-of-mind carbon-free alternative for generations, but after decades of development, the industry is still not producing sizable revenues. In order to reach full implementation, hydrogen companies rely on government subsidies, including the largest one in history, issued...

The Southeast region of America is rapidly transforming into a hub for electric vehicle and battery production, posing a challenge to Detroit, traditionally the heartland of the auto industry that is home to the Big Three — Ford Motor Co (NYSE:F), General Motors (NYSE:...

Consumers eyeing electric vehicles (EVs) are now in for a treat as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) revamped the $7,500 EV tax credit system. Instead of waiting for a tax return to feel the $7,500 benefit, the savings are now immediate. This significantly...

Billionaire philanthropist and investor Bill Gates made a clarion call for increased Republican support for climate change action, during a speech at the Climate Forward event in New York City. Gates emphasized the importance of bipartisan backing for climate change...

President Joe Biden’s Inflation Reduction Act, which allows Medicare to negotiate the price of some prescription drugs, remains the talk of the town as investors sell off shares in pharmaceutical companies such as Pfizer Inc. (NYSE: PFE) because drugs associated with the companies...