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Wall Street Week

Instant Reaction: President Biden Withdraws

Jul 21, 2024
Analysis of President Biden's non-re-election, Kamala Harris endorsement, fundraising concerns. Focus on potential woman president, campaign funding strategies. Explore Harris's image, potential policies, and election landscape impact.
01:15:25

Podcast summary created with Snipd AI

Quick takeaways

  • Kamala Harris aligns policies with Biden on consumer financial regulation and anti-monopoly enforcement.
  • Harris may implement more targeted sector tariffs and higher tax rates on high earners.

Deep dives

Impact of Kamala Harris's Policies on Business and Regulatory Landscape

Kamala Harris has prior history of consumer protection policies, such as participating in a billion-dollar settlement with big banks as Attorney General. Her policies align with Biden's, focusing on consumer financial regulation, like relief for lower income consumers and heightened scrutiny of sectors like big tech and anti-monopoly. If she assumes office, the regulatory status quo is expected to continue under the existing regulatory leadership for the initial term.

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