Stock giants Apple, potentially facing a downturn, could be among three significant companies affected if a particular presidential candidate secures victory in the US elections.
The upcoming US presidential election, scheduled for November 2021, is creating a stir in the stock market, with the race between Democrat Kamala Harris and Republican Donald Trump. The election outcome is uncertain, and this uncertainty is affecting the stock exchanges.
If Kamala Harris is elected, her proposed policies could have significant implications for tech giants and pharmaceutical companies.
Meta (Facebook's parent company) and Apple might be influenced by Harris’s stance on technology, privacy, and regulation. Harris, aligned with progressive Democratic policies, may support stronger regulations on data privacy, antitrust enforcement, and corporate accountability, which could pressure major tech companies. However, no specific recent statements or policies from Harris targeting these firms were found.
For Novo Nordisk, a major pharmaceutical company, Harris’s presidency could result in continued or increased support for healthcare reforms, particularly aiming to improve access and affordability. Harris’s general advocacy for equitable healthcare might favor policies that impact drug pricing regulation, which could create stock market uncertainties or pressure in pharma stocks like Novo Nordisk.
If Donald Trump is elected, Apple could face difficulties due to proposed tariffs on imports from China. The company's CEO and majority shareholder, Mr. Bernd Förtsch, and the board member Mr. Leon Müller, have positions in Apple that could benefit from the potential price development resulting from the publication.
If Kamala Harris is elected, a proposed tax on unrealized capital gains for high-income individuals with a net worth of over 100 million US dollars could affect Apple. Many individuals directly or indirectly involved in Apple could take profits before the tax if Harris is elected.
Novo Nordisk could be burdened by cheaper medicines being a central theme in Harris' campaign. Large profits of Novo Nordisk are from the drugs Wegovy and Ozempic, and a new pricing could impact the company's profit growth.
Microsoft and Alphabet are currently facing similar accusations, suggesting that Harris' policies could extend to them as well.
The economic environment is reported as strong but with elevated inflation and steady interest rates, which set the broader market context. Investor confidence generally reflects underlying economic conditions rather than specific presidential impact alone.
Harris’s projected policies include immigration reform favoring a pathway to citizenship and humane enforcement, contrasting with more protectionist or hardline policies under Trump. These policies could indirectly support tech and pharmaceutical sectors reliant on diverse talent and global supply chains.
Criticism from political opponents like Trump alleges weakened job growth under Harris’s leadership, but these are partisan claims. Trump’s negative framing of Harris’s economic impact has not been corroborated by concrete stock market performance data.
In summary, while Harris’s likely policy priorities suggest regulatory scrutiny and healthcare reforms that could affect these firms, the exact stock market impact remains uncertain without more targeted economic analysis. The search yielded no direct, concrete market analyses linking Harris’s presidency to specific stock performance changes for these companies.
- The proposed policies of Kamala Harris, should she be elected, could have significant implications for tech giants like Meta and Apple, as she may support stronger regulations on data privacy, antitrust enforcement, and corporate accountability.
- Novo Nordisk could be burdened by cheaper medicines being a central theme in Harris' campaign, as large profits of Novo Nordisk are from the drugs Wegovy and Ozempic, and a new pricing could impact the company's profit growth.
- Microsoft and Alphabet could also face similar scrutiny under Harris' policies, suggesting that her governance could extend to these tech companies as well.
