Tuesday, November 12, 2024
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

2024 Election Impact: Airlines, Banks, EVs, Healthcare and More under Trump or Harris administration


With the U.S. election approaching, the fate of various industries such as airlines, banks, electric vehicles, health care, media, restaurants, and tech giants are in the balance depending on the outcome. Under a Trump administration, corporate tax rates would likely remain low, tariffs on Chinese goods would continue, and regulations would be reduced. In contrast, a Harris administration would potentially raise corporate tax rates and continue Biden’s policies, including a focus on consumer protections.

For airlines, the election could impact issues such as consumer protections and aircraft production costs. Banks are facing potential regulatory changes under the Biden administration, but a Trump win could see these regulations rolled back. The electric vehicle industry faces uncertainty, with Trump opposing EVs and Biden supporting incentives for their production.

In the healthcare sector, both Harris and Trump have proposed changes to lower healthcare costs, with Harris planning to extend provisions to reduce drug prices. In the media industry, the Biden administration has chilled deal-making, while TikTok faces national security concerns under both administrations. In the restaurant industry, both candidates endorse plans to eliminate taxes on tips, but with different approaches.

In the tech sector, the debate over artificial intelligence and regulation is ongoing, with different stances between the candidates. Khan’s leadership at the FTC has impacted tech companies, and the outcome of the election could affect tech dealmaking. Overall, the election will have significant implications for various sectors, depending on who wins in November.

Photo credit
www.nbcnews.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles