Winners and losers from the US Inflation Reduction Act
The USA’s Inflation Reduction Act, which was signed into law Tuesday afternoon, contains several provisions that affect financial service company Morningstar’s stock valuations in the clean energy and pharmaceutical industries, according to Dave Sekera, chief US market strategist for Morningstar. His analysis of the Inflation Reduction Act published on Morningstar.com: The Companies That Stand to Win and Lose From the Inflation Reduction Act.
Mr Sekera’s key takeaways from his analysis regarding the pharmaceutical aspects include:
The Act contains various measures to lower prescription drug costs which will be a modest to moderate headwind for the pharmaceutical industry, including:
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