US Election May Leave Parts of Inflation Reduction Act Vulnerable, KKR Says

Bloomberg06-13

(Bloomberg) -- The US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal....

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Hunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed Officials. Fed Officials Dial Back Rate Forecasts, Signal Just One ‘24 Cut. Gavin Newsom Wants to Curb a Labor Law That Cost Businesses $10 Billion. “Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of the Inflation Reduction Act, which is providing hundreds of billions of dollars in funding and tax incentives for clean energy innovation, research and development, and deployment,” Agrawal wrote in a note distributed to clients Thursday.Agrawal referenced a “flurry of consolidation” as well as the launch or growth of businesses managed by rivals as validating inf","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","KKR":"KKR & Co L.P.","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4585":"ETF&股票定投概念","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4588":"碎股","LU0106831901.USD":"贝莱德世界金融基金A2","BK4135":"资产管理与托管银行","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD"},"translate_title":"KKR表示，美国选举可能会使《通货膨胀削减法案》的部分内容变得脆弱","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KKR":1},"content_text":"(Bloomberg) -- The US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal.\nMost Read from Bloomberg\n\nApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not Cash\nHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.\nUS Inflation Broadly Cools in Encouraging Sign for Fed Officials\nFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 Cut\nGavin Newsom Wants to Curb a Labor Law That Cost Businesses $10 Billion\n\n“Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of the Inflation Reduction Act, which is providing hundreds of billions of dollars in funding and tax incentives for clean energy innovation, research and development, and deployment,” Agrawal wrote in a note distributed to clients Thursday.\nWhile it’s unlikely that the IRA will be fully repealed, discretionary spending programs depend on who occupies the White House and Congress can consider IRA tax-code revisions, Agrawal said in the note. Despite uncertainty regarding public funding and subsidies, “investment in renewables is a structural trend that is not going away,” he said, citing continued demand for clean energy. \nAgrawal referenced a “flurry of consolidation” as well as the launch or growth of businesses managed by rivals as validating infrastructure as an asset class. Attention to the sector was amplified earlier this year when BlackRock Inc. agreed to buy Global Infrastructure Partners for about $12.5 billion. \nMost Read from Bloomberg Businessweek\n\nThe Rise and Fall of a $600 Million Strip-Mall Tycoon\nThe World’s Most Online Male Gymnast Prepares for the Paris Olympics\nChina’s Economic Powerhouse Is Feeling the Brunt of Its Slowdown\nIsraeli Scientists Are Shunned by Universities Over the Gaza War\nFood Companies Hope You Won’t Notice Shortages Are Raising Prices\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443688593"}