Published on 10 Nov 2024 on Benzinga
Anthony Scaramucci Reflects On Trump's Victory, Bernie Sanders Criticizes...
This week has been a rollercoaster ride, with the U.S. Presidential election dominating headlines. The victory of Donald Trump has sent shockwaves through various sectors, notably electric vehicles and pharmaceuticals. Meanwhile, Bernie Sanders has taken a swipe at the Democratic Party, and Anthony Scaramucci has shared his thoughts on Trump’s win.
Trump’s Win: A Blow to EV Stocks – Shares of Rivian Automotive, Inc. and Lucid Group, Inc. took a hit following Trump’s election win. The President-elect has been vocal about his disdain for electric vehicles, even pledging to end what he terms “the electric vehicle mandate.” He has also expressed plans to cut many EV incentives included in the Biden administration’s Inflation Reduction Act (IRA). Read the full article here.