Day: June 20, 2024

Nvidia shares tumble just days after becoming the most valuable U.S. company. Gilead Sciences rises after reporting successful results from an HIV prevention drug study. And Kroger falls after reporting its latest quarterly results. Danny Lewis hosts.

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Two years ago, President Biden signed the Inflation Reduction Act, which included the most ambitious climate measures in the U.S. to date. It contains tax credits for electric vehicles, and his administration has taken subsequent action forcing automakers to shift production away from gas-powered vehicles by capping allowable carbon emissions from the auto industry.

But many consumers remain skeptical of the technology, and its adoption is largely concentrated in areas where Democrats are in the majority.

All of this has become fodder for former president Donald Trump. At a recent rally in Las Vegas, he vowed to end the “mandate on electric” and complained that batteries are too heavy to power trucks and boats.

And now, vulnerable Senate Democrats, such as Ohio’s Sherrod Brown and Montana’s Jon Tester, who helped pass the Inflation Reduction Act, find themselves under attack for their party’s climate policies. Host Elahe Izadi speaks with Senate reporter Liz Goodwin about how one of Biden’s signature accomplishments turned into a liability for Democrats and could affect which party controls the Senate next year. 

Today’s show was produced by Laura Benshoff. It was edited by Reena Flores and Ted Muldoon and mixed by Sean Carter. 

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