With the U.S. election approaching, the potential outcomes for the corporate sector are starkly different depending on whether Trump or Harris wins. Airlines, banks, electric vehicle makers, healthcare companies, media firms, restaurants, and tech giants are all facing potential changes in regulations, taxes, and mergers based on the election results. Harris has endorsed raising corporate tax rates, while Trump is expected to maintain his policies from his previous term if he wins.
In the airlines sector, the Department of Transportation under Biden has focused on consumer protections and fighting industry consolidation, while Trump’s administration was more favorable towards mergers. For banks, Biden’s administration has pursued significant regulations that threaten industry revenue, which could change if Trump wins. In the electric vehicle industry, Republicans have criticized EVs and incentives, while Democrats have historically supported them. In healthcare, both Harris and Trump have proposed changes to lower costs, but Trump’s efforts have been temporary, while Harris plans to build on existing initiatives.
Media companies are waiting to see how mergers will be impacted depending on election results, with Democrats generally being seen as tougher on deals. Tech companies are grappling with AI regulation, with Harris and Biden focusing on balancing innovation and public protection, while Trump has committed to repealing certain executive orders. The fate of dealmaking for tech investors and executives is also uncertain, with Biden’s nominee Lina Khan facing criticism from some in the tech industry. The potential election outcomes could have significant implications for these sectors and the broader corporate landscape.
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