What Would a Harris or Trump Presidency Mean for Corporate Taxes?
2Digest
The podcast begins with a discussion of the recent indictment of Donald Trump for his attempts to overturn the 2020 election results. It then shifts to the cooling down of the IPO market, with companies facing a decision to go public before the end of the year or wait until 2025. Factors contributing to the slowdown include market volatility, interest rate fluctuations, and the upcoming presidential election. The podcast also explores the potential for a surge in IPOs in 2025, with several large private companies like Stripe and Canva expected to make their debuts. The podcast then discusses Eli Lilly's introduction of a new vial option for its weight loss drug Zepp Bound, aiming to address supply shortages and compete with lower-cost knockoffs. Walmart is also expanding its logistics services to merchants, allowing them to fulfill orders from platforms outside Walmart's marketplace, including Amazon, Target, and Etsy. The podcast provides a brief update on the US stock market, highlighting slight gains in the S&P 500 and NASDAQ composite, while the Dow Jones industrial average remained flat. The podcast then previews a discussion on the potential impact of the upcoming presidential election on corporate tax rates. The podcast explores the potential impact of the upcoming US presidential election on corporate tax rates. Vice President Kamala Harris supports increasing the tax rate, while former President Donald Trump favors a lower rate. The podcast discusses the uncertainty surrounding the final tax rate and how executives are adjusting their investment and growth plans in response. The podcast briefly touches on the growing trend of cell phone bans in school classrooms, encouraging listeners to share their thoughts and questions about this issue. The podcast concludes with a call to action for listeners to send voice memos or leave voicemails with their opinions and concerns.
Outlines
Trump Indictment and IPO Market Slowdown
The podcast discusses the recent indictment of Donald Trump for his attempts to overturn the 2020 election results and the cooling down of the IPO market, with companies facing a decision to go public before the end of the year or wait until 2025.
Zepp Bound, Walmart Logistics, and US Stock Market Update
The podcast discusses Eli Lilly's new vial option for its weight loss drug Zepp Bound, Walmart's expansion of its logistics services, and provides a brief update on the US stock market.
Corporate Tax Rate Uncertainty and Cell Phone Bans
The podcast explores the potential impact of the upcoming US presidential election on corporate tax rates and briefly touches on the growing trend of cell phone bans in school classrooms.
Keywords
IPO Market
The initial public offering (IPO) market refers to the process by which private companies become publicly traded on stock exchanges. It involves issuing new shares of stock to investors, raising capital for the company's growth and expansion.
Corporate Tax Rate
The corporate tax rate is the percentage of a company's profits that is paid to the government as taxes. It is a significant factor in business decision-making, influencing investment, pricing, and overall profitability.
Zepp Bound
Zepp Bound is a weight loss drug developed by Eli Lilly. It is a popular medication that has been in high demand, leading to supply shortages and the emergence of lower-cost knockoffs.
Fulfillment Services
Fulfillment services refer to the process of handling orders, including warehousing, packaging, shipping, and returns. Companies like Walmart and Amazon offer fulfillment services to merchants, allowing them to outsource these logistics operations.
Presidential Election
The US presidential election is a major political event that occurs every four years. It involves the selection of a new president and vice president, and can have significant implications for various policies, including corporate tax rates.
Cell Phone Bans
Cell phone bans in schools are policies that restrict or prohibit the use of mobile phones in classrooms and school grounds. These bans are often implemented to promote focus, reduce distractions, and address concerns about cyberbullying and inappropriate content.
Q&A
What are the main factors contributing to the slowdown in the IPO market?
The IPO market slowdown is attributed to market volatility, interest rate fluctuations, and the upcoming presidential election, which creates uncertainty for companies considering going public.
How are executives adjusting their plans in response to the uncertainty surrounding corporate tax rates?
Executives are modeling for a range of potential tax rates, considering the possibility of both higher and lower rates. They are also evaluating the impact of these rates on their investment and growth plans, potentially adjusting their strategies accordingly.
What are the benefits of Eli Lilly's new vial option for Zepp Bound?
The vial option aims to address supply shortages, compete with lower-cost knockoffs, and make the drug more affordable for patients without insurance coverage.
How does Walmart's expansion of its fulfillment services benefit merchants?
Walmart's expanded fulfillment services allow merchants to leverage Walmart's warehousing, delivery, and returns infrastructure to fulfill orders placed on platforms outside Walmart's marketplace, simplifying logistics and potentially reducing costs.
What are the potential implications of the upcoming presidential election on corporate tax rates?
The election could result in a change to the corporate tax rate, with Vice President Kamala Harris supporting an increase and former President Donald Trump advocating for a lower rate. The final tax rate will depend on the outcome of the election and the balance of power in Congress.
What are some of the arguments for and against cell phone bans in schools?
Supporters of cell phone bans argue that they promote focus, reduce distractions, and address concerns about cyberbullying and inappropriate content. Opponents argue that bans restrict students' access to valuable tools and resources, and may not be effective in addressing these issues.
Show Notes
P.M. Edition for Aug. 27. The U.S. presidential election could bring a change to the corporate tax rate, as Kamala Harris and Donald Trump signal their tax proposals. Reporter Jennifer Williams explains how finance chiefs are trying to figure out their investment and growth plans. Meanwhile, companies looking to make their stock-market debuts are facing a critical decision: whether or not to hold off until 2025. WSJ IPO reporter Corrie Driebusch explains. Plus, Eli Lilly is offering a new way for patients to take its popular new weight-loss drug Zepbound. Reporter Peter Loftus has more. Francesca Fontana hosts.
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