FT News Briefing US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble
Nov 3, 2020
As U.S. election day unfolds, anticipation mounts over potential delays in results and the implications of voter turnout. Investors are closely monitoring Trump and Biden's policies that could reshape the market. Meanwhile, Nvidia's ambitious $40 billion deal for Arm faces hurdles due to challenges in China. Volkswagen also finds itself on the edge, nearly brushing against tough EU carbon emission limits. It's a whirlwind of politics, investment insight, and corporate hurdles all colliding.
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Election Results and Mail-in Ballots
- Be aware of potential delays in election results due to mail-in ballots and varying state rules.
- Focus on key battleground states and official results, not just initial projections.
Tax Policy Expectations
- Biden plans to raise corporate taxes from 21% to 28% if elected.
- This contrasts with Trump's tax cuts, which benefited businesses and investors.
Investor Sentiment and Key Issues
- Investors are relieved that Biden is ahead in the polls.
- They seek clarity on tax policies, stimulus plans, and big tech regulation.