US Economy

TL/DR - New Jersey, home to many biopharmaceutical and medical technology companies, is vulnerable to a provision in the 2022 Inflation Reduction Act (IRA) that penalizes research on a specific category of drugs, the small-molecule drugs. The legislation allows government to set prices on certain drugs covered by Medicare and provides a grace…

TL/DR - The Inflation Reduction Act (IRA) includes incentives for clean energy sources like hydrogen, such as the Clean Hydrogen Production Tax Credit and the Energy Credit. The Section 45V hydrogen credit is meant for hydrogen with life cycle greenhouse gas emissions below 4kg CO2 equivalent per 1 kg of hydrogen produced, and it can be claimed…

TL/DR - The oil and gas industry is apprehensive about possible Republican threats to the Infrastructure Investment and Jobs Act (IIJA), a crucial climate law for many companies' decarbonization strategies. There are concerns about what will happen to clean energy tax incentives in 2025 when the Republican lawmakers will be searching for ways to…

TL/DR - The Inflation Reduction Act (IRA) provides various rebates and tax credits to promote the use of electric vehicles, solar power, and energy-efficient appliances. The act includes a 30% tax credit for solar, battery storage, and electrical panel upgrades, and a $7,500 tax credit for qualifying electric vehicles. Nonprofit organization…