US Economy

TL/DR - President Joe Biden's Inflation Reduction Act, which allocates about $1 trillion toward tax credits, grants, and loans for clean energy, has not been well-received among voters, despite the administration highlighting its benefits such as job creation, reduced costs for families, and tax code simplification. More than 40% of the public…

TL/DR - The US green energy sector is experiencing significant growth due to the influx of federal cash. President Biden's $2tn infrastructure plan, which is heavily focused on clean energy, is expected to further boost the sector. This funding surge has led to an increase in renewable energy projects and jobs across the country. US Green…

TL/DR - The U.S. Department of Health and Human Services Secretary Xavier Becerra has announced new measures to reduce prescription drug costs in California, particularly for the Latino community. As part of the Biden Administration’s Inflation Reduction Act, insulin costs will be capped at $35 for Medicare users, benefitting 108,164 Californians…

TL/DR - Since the passing of the Inflation Reduction Act in 2022, manufacturers have announced about $114 billion in clean-tech investments, with almost half planned for political swing states, reports BloombergNEF. The investments, spurred largely by President Joe Biden's climate law, include factories for electric vehicles, big batteries and…