The 2024 US Presidential election has delivered a seismic shift in the political landscape, with Donald Trump’s victory sending ripples across various sectors. The impact of this win is already being felt, particularly in the electric vehicle (EV) and pharmaceutical industries.
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). This stance has sent shockwaves through the EV market, raising concerns about the future of the industry under Trump’s leadership.
Pharmaceutical Sector on Edge
Meanwhile, the pharmaceutical sector is on edge following Trump’s announcement that he may appoint Robert F. Kennedy Jr. to a senior role in his administration. Kennedy is known for spreading misinformation about vaccines, including the debunked theory that they cause autism. His potential appointment coincides with a rise in measles outbreaks in the U.S. and lower measles vaccination rates, raising concerns about the impact on public health.
Bernie Sanders Criticizes Democrats
Following the election, Senator Bernie Sanders publicly expressed his disappointment with the Democratic Party’s handling of working-class issues. He believes the party’s neglect of the working class has led to their abandonment of the party. This criticism highlights the internal struggles within the Democratic Party and the need to address concerns of the working class moving forward.
Scaramucci Reflects on Trump’s Victory
Anthony Scaramucci, the former White House communications director, has shared his thoughts on Trump’s win against Vice President Kamala Harris. In a recent interview, Scaramucci acknowledged Trump’s fair win and expressed his desire for Trump’s success. This statement provides insights into the reactions of those who have worked within the Trump administration.
Musk Addresses Pressure to Shut Down X
Tesla and SpaceX CEO Elon Musk downplayed the pressure he faced for shutting down X, formerly Twitter, in comparison to the challenges faced by Trump. Musk made these remarks during an appearance on Tucker Carlson’s online show. This comparison sheds light on the differing perspectives of two influential figures in the public sphere.
The 2024 election has brought a wave of uncertainty and change, with implications that extend far beyond the political arena. This article has explored some of the initial reactions and responses to Trump’s victory, offering a glimpse into the potential impact on key sectors and the evolving political landscape.
