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☆ Is It Time to Toss My Skin Care Products?
▼ + stars: | 2023-07-25 | by ( Erica Sweeney | ) www.nytimes.com time to read: +1 min

Q: I have a drawer full of skin care products of dubious age. Unless the product is classified as a drug, as acne treatments and sunscreen products are, you probably won’t find an expiration date on it, said Dr. Bruce Brod, a dermatologist at Penn Medicine. But that labeling is not required on skin care products or cosmetics either, Dr. Brod said. If skin care products are so old that you have forgotten when you bought them, you should avoid using them, Dr. Brod said. “It’s always better to be safe than sorry,” he added, since applying products that are past their prime can come with risks.

Persons: Bruce Brod, it’s, Brod, “ It’s Organizations: Penn Medicine

☆ The Meme ETF is tearing it up again. Some stocks inside it have further to go, according to Wall Street
▼ + stars: | 2023-07-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The so-called meme stock trade is gaining steam once again, and several of the most popular stocks among social media traders have serious upside, according to Wall Street analysts. A quick way to check the pulse of social media-driven traders is the Roundhilll Meme Stock ETF (MEME) . The meme stock with the most upside, according to Wall Street analyst targets compiled by FactSet, is battery manufacturer Enovix . Airlines may not be obvious meme stocks, but Delta Air Lines and Spirit Airlines are both holdings in the fund. To be sure, Wall Street analysts are bullish on fewer than half of the holdings in the MEME ETF.

Persons: Enovix, Dave Portnoy Organizations: Wall Street, GameStop, AMC Entertainment, Wall, Penn Entertainment, Penn, Barstool Sports, YouTube, Airlines, Delta Air Lines, Spirit Airlines, Consumer

☆ Opinion | Barbara Kingsolver Thinks Urban Liberals Have It All Wrong on Appalachia
▼ + stars: | 2023-07-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +58 min

It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.

Persons: Ezra Klein, ezra klein, —, Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, “, — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, ”, Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, “, Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, “, Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City

☆ There are almost no national safety rules protecting US workers exposed to high heat
▼ + stars: | 2023-07-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The National Weather Service recorded a high temperature of 97 degrees at the Dallas Love Field airport that day. The human body’s primary way to deal with high heat is through sweating, which cools the body when it evaporates. But despite these risks, getting a clear set of rules to protect workers from high heat has proved difficult. OSHA heat safety rulesEven without a specific heat standard, OSHA can fine employers that let heat get unsafe for workers under a “general duty” rule requiring safe work places. “That’s why a heat standard would be much more useful.”OSHA said protecting workers from heat is a major priority.

Persons: ”, Jordan Barab, “, ” Eugene Gates , Jr, Carla Gates, I’m, Kimetra Lewis, Gates, Larry Kenney, Kenney, Barab, Doug Parker, Marc Freedman, Biden, ” –, Angela Fritz Organizations: New, New York CNN, Occupational Safety, Health Administration, Biden, US Chamber of Commerce, AFL, “, Labor Statistics, Lakewood Post, National Weather Service, Dallas Love, US Postal Service, CNN, National Association of, Carriers, Penn State, First Street Foundation, OSHA, Commerce Locations: New York, California, Florida, Lakewood, Dallas, Gates, United States

Using phone records and a sophisticated system that maps the reach of cell towers, a team of investigators had drawn the irregular shape across a map of tree-lined streets in the Long Island suburb of Massapequa Park. By 2021, the investigators had been able to shrink the polygon so that it covered only several hundred homes. In one of those homes, the investigators believed, lived a serial killer. A decade before, 11 bodies had been found in the underbrush around Gilgo Beach, a remote stretch of sand five miles away on the South Shore. He was charged with three of the murders, to which he has pleaded not guilty, and was named as the prime suspect in the fourth.

Persons: Rex Heuermann Organizations: Shore, Penn Locations: Long, Massapequa, Gilgo, Midtown Manhattan, Penn, Manhattan, Suffolk County

☆ Connecticut police issued 26,000 fake traffic tickets that made them appear busier and skewed racial-profiling data, audit says
▼ + stars: | 2023-07-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

It recorded at least 26,000 fake tickets over a five-year period, involving hundreds of officers. The figures skewed racial profiling data to appear like more white people were being stopped. One trooper singlehandedly logged 1,350 fake tickets between 2014 and 2017, the audit, released late last month, revealed. As a result, police skewed racial profiling records, making it appear that more white people had been stopped than was the reality, it said. It was unclear if the fake tickets were deliberately falsified or were the result of human error, it said.

Persons: Alvin W, Ken Barone, Christopher Melanson Organizations: Service, Connecticut State Police, Penn, University of Connecticut, Hearst Connecticut Media, NBC, State Locations: Wall, Silicon

☆ Analysis Says Biden’s New Student Debt Plan Could Cost $475 Billion
▼ + stars: | 2023-07-19 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

President Biden’s new repayment plan for federal student loans will cost the government $475 billion over the next decade, according to a new economic projection. The updated income-driven repayment plan would surpass the $400 billion cost of the debt forgiveness plan that the Supreme Court rejected last month. But a new and revised plan, which the administration has named Saving on a Valuable Education, or SAVE, is vastly more generous. That means the government, not borrowers, will ultimately pay a bigger share of the recipients’ educational costs. Economists for the University of Pennsylvania’s Penn Wharton Budget Model, a nonpartisan research group, estimate that payment reductions in the $1.6 trillion in outstanding federal student loans will cost the government $200 billion.

Persons: Biden’s, —, University of Pennsylvania’s Penn Organizations: Education Department, Valuable Education, University of Pennsylvania’s, Budget

☆ The bond and stock markets might finally agree on Fed expectations
▼ + stars: | 2023-07-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

CNN —The bond and stock markets are finally seeing eye to eye when it comes to the Federal Reserve. Stocks and the 10-year Treasury’s real yield have begun moving inversely again, according to a research note from Morgan Stanley. That’s a reversal from earlier this year, when yields and stocks both moved higher. A concurrent rally both in bond yields and stocks is atypical. The Consumer Price Index report for June showed that annual inflation slowed to 3%, marking its lowest rate since March 2021.

Persons: Morgan Stanley, George Cipolloni, they’re, ”, Price, Michael Kushma, We’re, Laura He, Read, Goldman Sachs Organizations: CNN Business, Bell, CNN, Federal Reserve, Stocks, Valley Bank, Signature Bank, Penn Mutual Asset Management, Nasdaq, Cyberspace Administration, Financial Services, Bank of America, US Bancorp, Ally, American Express Locations: China

☆ Pay to Rise as Much as 40% in Deal Reached by United and Pilots
▼ + stars: | 2023-07-16 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

“We promised our world-class pilots the industry-leading contract they deserve, and we’re pleased to have reached an agreement,” Scott Kirby, chief executive at United Airlines, wrote on the social media network LinkedIn. Union officials said the agreement was the result of four years of negotiations and represented a “landmark” deal in the airline industry as travel demand rises after the steep drop during the height of the pandemic. “The tireless dedication demonstrated by United pilots over the past several years ensured our solidarity, which was instrumental in achieving this historic agreement,” Capt. Garth Thompson, chairman of the Master Executive Council of the United Air Line Pilots Association International, said in a statement. The Air Line Pilots Association, the largest airline pilot union in the world, represents 74,000 pilots at 42 airlines in the United States and Canada, including 16,000 pilots at United Airlines.

Persons: “, we’re, ” Scott Kirby, Capt, Garth Thompson Organizations: United Airlines, LinkedIn, Union, United, United Air Line Pilots Association International, Air Line Pilots Association Locations: Chicago, North America, United States, Canada

☆ A New Job for Electric Vehicles: Powering Homes During Blackouts
▼ + stars: | 2023-07-16 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

To some people, electric vehicles are a better option because they can serve multiple functions. Another big advantage: The battery in an F-150 Lightning or the electric Chevrolet Silverado pickup, which is expected to go on sale this year, can store a lot more energy than home batteries that are sometimes installed with rooftop solar panels. Pair an electric truck with a home solar system, the thinking goes, and a family could keep the lights on for days or even weeks. The use of electric vehicles as a source of power has intrigued electric utility executives, including Pedro Pizarro, who heads the board of the Edison Electric Institute, the industry’s main trade organization, and is the chief executive of Edison International, which provides power to millions of homes and businesses in Southern California. Mr. Pizarro’s company and other utilities are testing whether it is practical and safe to send power from electric vehicles to the grid.

Persons: Pedro Pizarro Organizations: Chevrolet Silverado, Edison Electric Institute, Edison International Locations: Southern California

☆ Review: Ted Hearne’s Sweet, Sad American Elegy
▼ + stars: | 2023-07-10 | by ( Zachary Woolfe | More About Zachary Woolfe | ) www.nytimes.com time to read: +2 min

Without following the words, it would be nearly impossible to have any idea what was going on in this non-narrative but intensely text-focused work. The attempt to tie together the work’s many thematic strands by enacting onstage what Hearne’s program note called “a new corporation, powered by quasi-religious fervor,” was confusing — though maybe things were clearer in the original, outdoor conception. The central pairing of Penn and Bezos, the two pioneers — their vast differences, their essential similarities — would probably have been a more than sufficient subject here. To what extent are Bezos’s manipulative doublespeak and high-minded invocations of empowerment through selling a break with Penn’s colonial promises? To what degree are they merely a continuation of what were sour lies to begin with?

Persons: —, Ashley, ”, there’s, Penn, Bezos

☆ Sleep Better at Every Age
▼ + stars: | 2023-07-07 | by ( Dani Blum | ) www.nytimes.com time to read: +47 min

Sleep training, the process of teaching babies how to soothe themselves at night and sleep independently, can start when infants are 3 to 4 months old. While sleep training can be taxing for everyone involved, it can lead to better sleep for the whole household. If your child is struggling to sleep through the night at this age, consider talking to a pediatrician about possible solutions. The problem: Insomnia can strike at any age: Around 20 percent of children have difficulty falling or staying asleep. Plus, the older we get, the harder it is to bounce back from a night of poor sleep, Dr. Roth said.

Persons: ”, Craig Canapari, Canapari, Naptime, Tell, “, aren’t, Roth, Dr, Shannon Sullivan, Sullivan, Indira Gurubhagavatula, we’re, Gurubhagavatula, You’re, doesn’t, you’re, Sabra Abbott, Aric Prather, It’s, you’ll, Perimenopause, Abbott, Prather, don’t, — Organizations: Yale University ., Stanford Medicine, Yale University, Penn Medicine, Feinberg School of Medicine, Northwestern University, University of California Locations: San Francisco, midlife, United States

☆ Penn Station Is a Perpetual Mess. Change May Be at Hand.
▼ + stars: | 2023-07-07 | by ( Michael Kimmelman | More About Michael Kimmelman | ) www.nytimes.com time to read: +1 min

If the latest flurry of news around two dueling plans to fix New York’s Pennsylvania Station has left you scratching your head, you’re not alone. Various officials I have spoken with are also fuzzy on details. Hope has long gone to die on the 6:50 to Secaucus. At the very least, the new proposal, from a private infrastructure developer called ASTM North America, may be the disruption needed to get Albany moving. On the outside of the station, a new, porous stone facade with landscaped terraces and rows of columns would restore a measure of the architectural sensibility and civic symbolism that New York squandered in the 1960s when McKim, Mead & White’s original Penn Station was torn down.

Persons: you’re, Hope, McKim Organizations: Pennsylvania, Metropolitan Transportation Authority, Amtrak, Mead, Penn Locations: Secaucus, America, Albany, Madison, York

☆ The ‘Quiet Disease’ Lingering in Our Mouths
▼ + stars: | 2023-07-04 | by ( Melinda Wenner Moyer | ) www.nytimes.com time to read: 1 min

If your spit is sometimes tinged pink at least a couple of times a week after you brush or floss, it’s possible you have early stage gum disease. “It’s a very, very quiet disease,” said Dr. Rodrigo Neiva, chairman of periodontics at Penn Dental Medicine. According to the U.S. Centers for Disease Control and Prevention, nearly half of U.S. adults over the age of 30 show signs of gum disease, and nine percent have severe gum disease, known as periodontal disease. When left untreated, gum disease can become more difficult to remedy. And some research has connected periodontal disease with other undesirable health conditions, such as dementia, diabetes and heart disease.

Persons: ”, Rodrigo Neiva, Neiva Organizations: Penn Dental Medicine, U.S . Centers for Disease Control Locations: U.S

☆ I super-commute by plane to my internship to avoid expensive east coast rent. Here's how it works.
▼ + stars: | 2023-07-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Sophia Celentano went viral on TikTok after she shared how she commutes by plane to her internship. She said the unusual commute allows her to save money on expensive east coast rent. I'm usually at my gate by around 5:15 a.m., which is exactly when boarding starts. My morning flight often lands about 15 minutes early. I get to the office usually around 8:30 or 8:45 a.m., and that's when I start my full 9-to-5 workday.

Persons: Sophia Celentano, Celentano, Ogilvy, I'd, I'm, it's, I've, Uber, — Organizations: TSA, Newark Penn Station, New Locations: Charleston, Richmond , Virginia, Newark, New York City, New Jersey, Virginia

☆ Is Originality Even a Worthy Ambition Anymore?
▼ + stars: | 2023-06-28 | by ( Jason Zinoman | ) www.nytimes.com time to read: +1 min

The amount of derivative work makes you wonder if the demand for the new is in decline. Ever since Penn and Teller burst on the scene, every magician seemed to be deconstructing illusions while doing them. But this peek behind the curtain is something new, while, as its title suggests, not being original at all. We only hear Hnath, on a recording played by Cuiffo, the sole one onstage. Hnath asks Cuiffo to show him a trick, and after he does, multiple times, artistic tension between collaborators emerges.

Persons: TikTok virality, Teller, Steve Cuiffo, Lucas Hnath, Hnath, Cuiffo Organizations: Penn, Cuiffo

☆ A Giant Wind Farm Is Taking Root Off Massachusetts
▼ + stars: | 2023-06-27 | by ( Stanley Reed | Ivan Penn | ) www.nytimes.com time to read: +1 min

On a chilly June day, with the Massachusetts island of Martha’s Vineyard just over the distant horizon, a low-riding, green-hulled vessel finished hammering a steel column nearly 100 feet into the bottom of the Atlantic Ocean. This was the beginning of construction of the first giant wind farm off the United States coast, a project with the scale to make a large contribution to the Northeast power grid. The $4 billion project, known as Vineyard Wind, is expected to start generating electricity by year’s end. “This has been really hard,” said Rachel Pachter, the chief development officer of Vineyard Offshore, the American arm of Copenhagen Infrastructure Partners, a Danish renewable energy developer that is a co-owner of the wind farm. To bring a big energy project to this point near population centers requires clearing countless regulatory hurdles and heading off potential opposition and litigation.

Persons: ”, Rachel Pachter Organizations: Vineyard, Copenhagen Infrastructure Partners Locations: Massachusetts, Martha’s, United, Copenhagen, Danish

☆ Huge New York landlord admits Fridays in the office are 'dead forever' — and Mondays are 'touch-and-go'
▼ + stars: | 2023-06-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Mondays in the office could be "dead forever," one of New York's biggest landlords says. One of New York's biggest private landlords, Vornado Realty Trust, is betting on hybrid work being here to stay. The firm's chairman, Steven Roth, told investors recently that office work on Fridays is likely "dead forever." Office visits on Mondays and Fridays, however, remain just half of what they were in 2019, according to the report. The current push toward hybrid work comes as some companies are doubling down on employees returning to the office.

Persons: —, we're, Steven Roth, Vornado, Bob Iger, that's, Kathryn Minshew Organizations: Placer.ai, Service, Vornado Realty, Street, Penn, Amazon, Meta, Disney, Employees, Kastle Systems, New York, San, Chicago, Washington D.C, Philadelphia, Houston, Austin, Dallas, Angeles Locations: Placer.ai, Arizona, Jose, San Francisco

LONDON, June 26 (Reuters) - Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and governance credentials. David Harris, head of sustainable finance strategic initiatives at London Stock Exchange Group, said the new norms bring more rigour to sustainability reporting, more aligned with financial reporting. Under the ISSB rules, companies would need to disclosure material emissions, with checks by external auditors. The European Union finalises its own disclosure rules next month and it and the ISSB have sought to make each other's norms "interoperable" to avoid duplication for global companies.

Persons: Emmanuel Faber, Faber, Joanna Penn, Jean, Paul Servais, David Harris, Harris, haven't, Huw Jones, Alexander Smith, Robert Birsel Organizations: International Sustainability, Reuters, Force, London Stock Exchange Group, Union, Thomson Locations: Canada, Britain, Japan, Singapore, Nigeria, Chile, Malaysia, Brazil, Egypt, Kenya, South Africa

Mr. Modi agreed to join Mr. Biden in the East Room to meet with journalists and will also address a joint session of Congress in the afternoon. Image The scene on the South Lawn in the morning underscored the rising role of Indian Americans in the United States. Image Mr. Modi suggested the two nations could tackle international challenges in tandem. They considered it a victory that the administration had persuaded Mr. Modi, who famously refuses to hold news conferences, to meet with reporters alongside Mr. Biden, as most major world leaders do when they visit the White House. Credit... Pete Marovich for The New York TimesMr. Biden pointed to the prevalence of Indian Americans in prominent positions.

Persons: Biden, Narendra Modi, Modi, “, ” Mr, ’, Mr, ”, Doug Mills, China’s, Atomics, Biden’s, Alexandria Ocasio, Cortez, “ Modi, Pete Marovich, Kamala Harris, Harris, Harris’s, Erin Schaff, Joshua Bell Organizations: White, “, New York Times, Artemis Accords, International Space Station, General Electric, Hindustan Aeronautics Limited, Boeing, Biden, New York Times “ Equity, United States, ”, Cortez of New York, Twitter, The New York Times, Mr, The New York, Penn Masala, University of Pennsylvania, U.S . Marine Locations: India, United States, Russia, China, U.S, Moscow, Beijing, American, Ukraine, Russian, New York Times India, New Delhi, Cortez of New, portobello, Asian

☆ Biden Welcomes Indian Leader With a 21-Gun Salute
▼ + stars: | 2023-06-22 | by ( Mujib Mashal | Karoun Demirjian | ) www.nytimes.com time to read: +8 min

Mr. Biden celebrated India’s rise with a lavish display of friendship marked by marching bands, honor guards and a 21-gun salute on the South Lawn, to be followed by an Oval Office meeting and a gala state dinner. Mr. Modi agreed to join Mr. Biden in the East Room to meet with journalists and will also address a joint session of Congress in the afternoon. Image The scene on the South Lawn in the morning underscored the rising role of Indian Americans in the United States. Image Mr. Modi suggested the two nations could tackle international challenges in tandem. Credit... Pete Marovich for The New York TimesMr. Biden pointed to the prevalence of Indian Americans in prominent positions.

☆ Small stocks are cheap and finally joining the market rally
▼ + stars: | 2023-06-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Small cap stocks are domestic bellwethers, since smaller companies generate most of their revenue from US customers. Investors say that recent gains in small caps are helping prop up the burgeoning bull market, even as a potential economic downturn draws near. Cheap buysNow, the rally in small caps suggests that Wall Street is optimistic about the economy’s health. Some investors say cheap valuations and and hopes for a muted economic downturn means small caps look more attractive than they have in months. Optimism about the economyThe small caps’ rally is also an auspicious sign for the broader economy, says Quincy Krosby, chief global strategist at LPL Financial.

Persons: they’ve, Rambus, ”, John Ragard, Quincy Krosby, Russell, Francis Gannon, Anna Rathbun Organizations: New, New York CNN, Investors, Valley Bank, Signature Bank, First Republic Bank, Apellis Pharmaceuticals, Shockwave, Management, LPL, Penn Capital Management, Royce Investment Partners, Federal Reserve, CBIZ Investment Advisory Services Locations: New York, That’s

Modi, a strict Hindu who follows a vegetarian diet, will be served a first course that includes a grilled corn kernel salad and tangy avocado sauce, the White House said. With the slightly Indian-accented dinner, the Bidens are following a White House tradition of serving guests from abroad food that has faint echos of home with a strong American bent. Former Prime Minister Manmohan Singh's 2009 state dinner featured basmati rice, but also White House grown arugula and pumpkin pie tarts. The tables will be adorned with lotus blooms, revered in Indian design and a symbol of Modi's Bharatiya Janata Party. Reporting by Jeff Mason and Nandita Bose; Editing by Heather Timmons and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Jill Biden, Narendra Modi's, Evelyn Hockstein WASHINGTON, Joe Biden, Narendra Modi, Modi, Manmohan Singh's, Tim Cook, Sundar Pichai, Satya Nadella, Raj Subramaniam, Joshua Bell, Jeff Mason, Nandita Bose, Heather Timmons, Sonali Paul Organizations: Indian, White, REUTERS, Modi, Apple, Google, Microsoft, FedEx, Entertainment, Penn Masala, University of Pennsylvania, Bharatiya Janata Party, Thomson Locations: United States, Washington , U.S, Gujarat, portobello, American, Asian, U.S

☆ Analysis: Biden's IRA climate bill won't cut deficit as expected
▼ + stars: | 2023-06-16 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +8 min

The White House estimated, and independent budget analysts agreed, it could cut the deficit by $300 billion over the next decade. The tax credits have been massively popular with companies, spurring new investments and boosting job growth, environmental benefits -- and the price tag. The bill will add $750 billion to the nation’s deficit over ten years, according to Smetters. White House officials say revenue will outpace original congressional estimates, and they point to the millions of jobs the IRA is expected to create. “We’re going to have more deployment and achieve more emissions reductions than we initially thought,” the White House official said.

Persons: Joe Biden, Biden, ”, Kent Smetters, Goldman Sachs, Joe Manchin, Manchin, we've, Joe Biden’s, Tesla, Smetters, ” Smetters, “ We’re, Merck, Jarrett Renshaw, Heather Timmons, Alistair Bell Organizations: White House, Penn Wharton Budget Model, White, Congressional, Credit Suisse, University of Pennsylvania’s Wharton Business School, U.S, Democrat, Credit, Office, University of Pennsylvania, European Union, EV, Biden, Republicans, CBO, Amazon, Pepsi, Home, Thomson Locations: U.S, Japan

As a result, he is staying away from assets that could be hit hard if market stress suddenly increases, such as small cap stocks. The S&P 500 edged up 0.1% on Wednesday after shuffling between gains and losses. The S&P 500 is up 15% this year, while the Nasdaq (.IXIC) has gained 30%. Mark Heppenstall, chief investment officer of Penn Mutual Asset Management, believes a burgeoning stock market rally could loosen credit conditions, threatening to exacerbate consumer prices - an undesirable outcome for the inflation-fighting Fed. The S&P 500 is up 14% from a low reached after the banking crisis in March.

Persons: ”, Josh Emanuel, Emanuel, James St . Aubin, Jeffrey Gundlach, Mark Heppenstall, Josh Jamner, Davide Barbuscia, David Randall, Ira Iosebashvili, Sam Holmes Organizations: YORK, Federal, Wilshire, Nasdaq, Sierra Investment Management, DoubleLine Capital, CNBC, Fed, Penn Mutual Asset Management, ClearBridge Investments, Thomson Locations: U.S

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