Biden signs landmark climate health care bill into law
President Biden signed the Inflation Reduction Act, delivering a major climate and health care package. The law includes $375 billion for climate initiatives, caps Medicare drug costs at $2,000 annually, extends ACA subsidies for 13 million, and funds IRS enforcement to reduce the deficit. The measure passes along party lines as Democrats tout a longtime goal despite Republican opposition. A larger celebration is planned for September 6.
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Stocks end higher after bumpy trading session
U S stocks finished higher led by Walmart and Home Depot as the S&P 500 rose 0.2 percent and the Dow gained 0.7 percent while the Nasdaq slipped 0.2 percent. Bond yields edged higher as traders weighed cheered results from retailers amid inflation cooling signals. Amazon faced FTC probe remarks and Kraft Heinz recalled Capri Sun after a cleaning solution mix-up.
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the Market IN Review
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