Financial Times on Nostr: FirstFT: Trump win sparks renewables sell-off and pharma fears ========== Shares of ...
FirstFT: Trump win sparks renewables sell-off and pharma fears
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Shares of renewable energy companies have experienced a significant sell-off, with hedge funds profiting over $1.2bn by betting against the sector; President-elect Donald Trump has pledged to end offshore wind development on his first day and halt subsidies under the Inflation Reduction Act; pharmaceutical executives are concerned about Robert F Kennedy Jr's influence over Trump, fearing he may appoint vaccine skeptics to key federal positions; Trump's return could impact the US's role in the Paris climate agreement ahead of the UN COP29 summit; the Federal Reserve has cut interest rates; Citigroup is revamping its wealth banker pay structure; Trump has appointed Susie Wiles as his 2024 campaign manager and chief of staff; the article discusses various global and domestic political events including the Middle East conflict and economic data releases.
#Trump #Renewables #Pharmaceuticals #Fed #Citi #Kennedy #Cop29 #Economy #Politics #Investments
https://www.ft.com/content/2d0499f1-58fc-4e91-a6b8-0f43c9b66231
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Shares of renewable energy companies have experienced a significant sell-off, with hedge funds profiting over $1.2bn by betting against the sector; President-elect Donald Trump has pledged to end offshore wind development on his first day and halt subsidies under the Inflation Reduction Act; pharmaceutical executives are concerned about Robert F Kennedy Jr's influence over Trump, fearing he may appoint vaccine skeptics to key federal positions; Trump's return could impact the US's role in the Paris climate agreement ahead of the UN COP29 summit; the Federal Reserve has cut interest rates; Citigroup is revamping its wealth banker pay structure; Trump has appointed Susie Wiles as his 2024 campaign manager and chief of staff; the article discusses various global and domestic political events including the Middle East conflict and economic data releases.
#Trump #Renewables #Pharmaceuticals #Fed #Citi #Kennedy #Cop29 #Economy #Politics #Investments
https://www.ft.com/content/2d0499f1-58fc-4e91-a6b8-0f43c9b66231