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US Economy

5 ETFs Likely to Gain from Inflation Reduction Act

TL/DR - The Inflation Reduction Act of 2022, which provides $370 billion to combat climate change, could boost several Exchange Traded Funds (ETFs) according to Jon Maier, Chief Investment Officer at Global X. This includes the Global X Lithium & Battery Tech ETF (LIT) which invests in the electric vehicle (EV), renewable energy storage, and…

German Ministry Urges Joint EU Response to US Inflation Act

TL/DR - Germany is calling for a joint European response to the US Inflation Reduction Act, which may simplify state support rules and expand funding opportunities. The European Union may set up a programme promoting green technology, which combines different funding elements to avoid budget restrictions, such as the Innovation Fund supporting…

Baker Tilly’s Panelists Praise 2024 Inflation Act’s Impact on Housing

TL/DR - The Inflation Reduction Act (IRA) has had significant impact, as discussed at the 2024 DevelUP conference by Baker Tilly. The IRA has revolutionized tax credits, creating new opportunities with over 70 separate tax credits and options for transfer, opening doors for project funding and innovation. These insights were shared by Baker…

Diabetic Retired Nurse

TL/DR - Steve Lubin, a retired ICU nurse, praises the Inflation Reduction Act for capping insulin costs and reducing financial burdens for Medicare beneficiaries. He also mentions that 1 in 6 people with diabetes in America ration their insulin due to high costs. He adds that the Inflation Reduction Act is a step in the right direction, but must…