Inflation Reduction Act

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...

Johnson & Johnson (NYSE:JNJ) investors on Tuesday reacted negatively to the Centers for Medicare and Medicaid Services (CMS) announcement of a price negotiation list that included multiple drugs from the New Brunswick, New Jersey-based company. While traders pushed shares nearly 2% lower during...

From Argentina’s currency debates to China’s real estate crisis, the global economic landscape has been rife with developments. Here’s a snapshot of the top stories that shaped the financial world this week. Argentina’s Currency ControversyArgentina’s pro-Libertarian...

President Joe Biden commemorated the one-year anniversary of the Inflation Reduction Act, while criticizing Republican opposition, reports CNN. Biden expressed his disappointment over Republicans’ refusal to support the measure, despite several former colleagues...

The White House celebrated the first anniversary of the Inflation Reduction Act Wednesday, and it appears President Joe Biden is placing it at the center of his reelection campaign. What Happened: In a Wednesday address, Biden hailed the IRA as a cornerstone effort to rejuvenate the American dream...

Used Tesla Inc (NASDAQ: TSLA) vehicles could now be eligible for a federal tax credit of up to $4,000, according to updated guidance from the Internal Revenue Service (IRS). This change could be a significant boost for prospective Tesla buyers looking to enter the electric vehicle (EV)...

Amazon, Inc.'s (NASDAQ:AMZN) Prime Day 2023 concluded late Wednesday and early estimates pointed to record sales at the two-day event. Prime Day is a shopping event organized by the e-commerce giant during which very attractive deals are available for Prime members. What Happened: As the 2023 Prime...

A leading member of President Joe Biden's Cabinet faces criticism and a potential investigation over not disclosing holdings of publicly traded companies. The news could put pressure on the current administration’s push for electric vehicles. What Happened: Republicans are calling...

A construction supply company stands to benefit from recent U.S. government initiatives. What Happened: According to Street Sheet, traders would be wise to consider CRH plc (LON: CRH), which currently touts a $35.4 billion market cap. The Dublin-based company will likely see an uptick in demand for...

Colleton County in South Carolina, a tranquil rural region notorious for its hunting, fishing and a recent high-profile double murder trial, has emerged as a significant participant in America’s contemporary gold rush. This rush is not for precious metals but for a share of the $1 trillion in...

Canadian Solar, Inc. (NYSE: CSIQ) is up 12% in mid-day trading two trading sessions after the company reported strong first quarter earnings. The topline revenue came in at $1.70 billion. That was a tick below analysts' estimates for $1.71 billion. It was, however, above the top end of the...

Goldman Sachs said President Joe Biden‘s landmark clean-energy legislation would cost approximately $1.2 trillion, which is three times more than the government’s official estimate.  What Happened: The global investment banking group said the U.S. Inflation Reduction Act passed...

The Inflation Reduction Act, a landmark federal bill enacted last year, is set to bolster critical mineral exploration, mining and production over the coming years. The bill, which was signed into law by President Joe Biden in August 2022, aims to curb inflation, partly through investing in energy...

Shares of First Solar Inc (NASDAQ: FSLR) have soared over 25% this week after investors learned the company’s earnings were boosted by tax credits and other incentives from the Inflation Reduction Act President Joe Biden signed last August. By The Numbers: First Solar reported fourth-quarter...

Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has decided to focus its cell production in the U.S., despite assembling battery systems at its Germany plant. What Happened: In light of tax incentives under Inflation Reduction Act, or IRA, Tesla shall focus its cell production within the U.S., stated a...