Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries.
Category: Inflation Reduction Act of 2022
-
As Federal Cash Flows to Unions, Democrats Hope to Reap the Rewards
The New York Times – Business:In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official.
-
The Medicine Is a Miracle, but Only if You Can Afford It
The New York Times – Business:A wave of new treatments have cured devastating diseases. When the costs are too much, even for the insured, patients hunt for other ways to pay.
-
Ford Follows Tesla in Cutting Electric Vehicle Prices
The New York Times – Business:The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.
-
As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The New York Times – Business:The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
-
At Davos, European Distress Over a ‘Made in America’ Law
The New York Times – Business:The U.S. Inflation Reduction Act stirred talk of a trade war, but also proposals for a similar E.U. initiative to stimulate green investment.
-
California Sues Companies Over Insulin Prices, Joining Other States
The New York Times – Business:The state is taking action against three major drug companies and the big pharmacy benefit managers in an effort to temper costs for people with diabetes.
-
Medicare Begins to Rein In Drug Costs for Older Americans
The New York Times – Business:Reforms embedded in the Inflation Reduction Act will bring savings to seniors this year. Already some lawmakers are aiming to repeal the changes.
-
The War in Ukraine Upended Energy Markets. What Does That Mean for the Climate?
The New York Times – Business:Almost a year after Russia launched its invasion, assessing the impact on the oil industry and greenhouse gas goals is not so simple.
-
I.R.S. Backlogs Continue as Republicans Mount Offensive
The New York Times – Business:The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
-
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
The New York Times – Business:Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.