FT News Briefing Corporate America fumes at Biden’s economic package
Aug 10, 2022
Corporate America is fuming over President Biden's economic package, particularly new tax measures that could impact corporate earnings. Meanwhile, Taiwanese officials are urging Foxconn to retract its investment in a Chinese chipmaker amid rising tensions. The podcast also examines Ukraine's military dynamic, highlighting the strategic significance of Kherson. Lastly, it looks at Serena Williams' transition from tennis champion to influential business leader, showcasing her dedication to increasing female representation in sports and business.
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Corporate America Fumes
- Corporate America is unhappy with Biden's tax and climate package, especially the 15% minimum tax on large corporations.
- The package also includes a 1% tax on share buybacks.
Ukraine's Kherson Offensive
- Ukraine aims to recapture Kherson, a strategically important city occupied by Russia.
- This move could shift the war's narrative and demonstrate the impact of Western aid.
Serena's Next Chapter
- Serena Williams is retiring from tennis to focus on her family and business ventures, including her venture capital firm, Serena Ventures.
- She aims to empower women, especially Black women, in finance and sports ownership.