is it the australian singer and actress olivia newton. john has died at the age of 73. that she was a multi platinum selling artist, but is best known for greece in which she start opposite john travolta. her husband said that she had been a symbol of hope by sharing her 30 year babble against breast cancer. olivia newton, john did it's 73. well, why does it makes with the w business neutral? i will see you tomorrow with a it's a journey, a crappy entire continent with variety of cottonwood and this so well, the book is the movers shake is visionaries and majors when binding the meaning of

modern africa. this is an egg, and d, w. nice. you've got any issues with thoughts they will grade a warm . ah, us democrats hail it as historic. the inflation reduction act has made it through the setup for a long battle. but what does it mean for american businesses? we'll hear from our correspondent on wall street. the sun stands ready to germany, it's energy was, but a lack of infrastructure means the solar cell under performing from sun power to

see power here. how a cutting edge ship has taken to waters of norway on entirely on batteries. this is due to reverse. nissan reports in berlin, welcome to the program. it's been described as one of the most important u. s. laws this century. now corporate america is digesting the implications of the inflation reduction act passed by the u. s. senate vice president kamala harris cast the deciding vote to see the bill through the $430000000000.00 act aims to ease the impact of storing prices in the u. s. but also cutting emissions and making health care more affordable among the businesses to set to benefit our electric carmakers bill is expected to pass through the house of representatives before being signed into law by president bind. now the bill contains a broad list of measures including a new 15 percent minimum corporate tax of one percent tax on stock buybacks. it

will funnel billions in climate projects and allows the government negotiate the price as if some prescription drugs for the medicare health program. a democratic senators were jubilant after passing the inflation reduction act, his senate majority leader, jip chuck schumer. after more than a year of hard work, the senate is making history. i am confident the inflation reduction act will endure is one of the defining legislative feats of the 21st century. our bill reduces inflation, lower costs, create millions of good paying jobs, and is the boldest climate package in us history. that's chuck schumer reaction, but let's get some business reaction from our correspondence at the new york stock exchange, jens quarter yann's love to have you on the program. just explain to us how this reduction act is going down on wall street. yeah. especially in certain

industries in certain sectors. we did see a stock price on the move from on one side. for example, we did not see pharmaceutical companies, some shaking in their boots as it is probably going to take a couple of years before the government can start to negotiate the price. this for some group scription drug, some other effects. you mentioned the industry that's going to probably happen sooner. so you saw a companies like test like ruby and a but also traditional carmakers like general motors so far to are also entering more and more into the business where the stock increased. and then also you have the producer of solar panels, for example, fuel cell companies. so all of those were on the rise here in the monday session. there really is also in this bill is a now you've got to for the climate goes to the health care and obviously the reduction of inflation. but what you're, what are the key takeaways in terms of the impact for american businesses?

i mean, to finance the men, as you mentioned, there are 2 texas on the table. one is the one percent text on share buybacks, and the other is the 50 percent minimum corporate tax. so actually looking at those taxes for corporations that might cut profit profits off the s m p $500.00 companies by about one percent in the next year. so nothing to major is there. but there is talk that especially if you look at the one percent on a share buyback, that it's not a huge amount in general. and in the long term, you still will be buybacks continuing. but actually some companies might actually do those share buybacks. now, before this tech get into effect, so, so who knows, maybe that might be supporting a year and really here, when a lot of those corporations try to buy big shares before they have to pay for it. and the key question obviously, for americans facing storing prices at the moment is whether or not this will

actually go any way towards tackling inflation. was the consensus robin deb? i guess it's no coincidence that this act is now called the inflation reduction act. i mean, this is a scale where is it originated up to 3.5 trillion dollar build back better. so it's still something is better than nothing. but if it's really going to fight inflation in a huge way, at this point remains to be seen. i mean, what are the main drivers for inflation? i mean, this is a gas prices, for example, the housing cost of the food prices. and those probably not going to be that affected by ex, but well, i mean, inflation. that's the big concern for consumers. and also for voters and we have those big mid term elections coming up in full cost always comes down to elections in the, at the end of quarter in new york for us. thank you very much. may want environmentalists . so thing developments in the u. s. could increase pressure on the

e. u to increase its efforts to combat climate change. throw in the gas prices with russia and the need for european nations to switch to renewables has never seemed more urgent in germany. solar energy is seen as having a bright future, but installing panels is only part of the battle. yes. who's the man is checking on his power plant. he runs an energy conversion business near munich, and also owns a sprawling solar power system on the flat roof of a transport company in our, in the german state of bavaria. the sun's been shining on his panels for months now . but looking at recent performance charts, who's amongst sees that his power yield remains low? often times no power flows from his roof to the local energy provider at all. it was in the southeast, griffith's vile, $200.00 days have passed so far and we have had outages more than half the time. and if you look at the proportions,

it's on the days with high output that the system is interrupted on days with snow and cloudy skies. the installations work well. the problem, the energy whose among generates flows into power lines run by grid operator energy . but in sunny weather, the power lines are becoming overloaded. then the grid operator cuts off supply from the solar panels. the company says it can't handle that much. is in the serv oliver we realize, and we are pleased that many photovoltaic panels are being built on a scale that we have never seen before. however, a photo will tie installations need one to 2 years before it can be put into operation. while the grid infrastructure, which has to be set up in parallel takes between 5 and 10 years, the senior and award lack of infrastructure is hampering germany's attempt to become more energy independent. now look at some of the other business stories

making news. soft bank group has reported the largest quarterly loss ever listed by a japanese company with em, lost a total of $23400000000.00 during the 2nd quarter. despite an increase in sales, the value of its stock holdings plunge to share prices on the global market dropped . vaccine make a buy on tech has reported a sharp drop in revenues and profit for the 2nd quarter. the german pharmaceutical companies earnings fell 40 percent to around $1700000000.00 euros compared to the same period last year. biotech says it to look as it delivered fewer corona virus vaccines during court. usa or safety regulators say boeing can expect approval to resume deliveries. are it's 787 dreamliner in the next few days. yeah. craft maker stopped shipments of its top selling plane in 2021 after it found manufacturing floors in some of its jets. and the 1st ship to depart,

ukraine. exporting corn has been, has been turned away at the port of lebanon. that's after the buyer refused to take the cargo due to the 5 month delay receiving it. the ship, which is carrying over $26000.00 tons of corn, were now wait at sea until another buyer is found. onto another big ship now of have safe small revolution on the seas. in norway, a battery powered cargo vessel has taken to the waves. not only is it fuel free, it's also autonomous and has ramifications for the environment and also for the mariners on board the yard vehicle and could revolutionize norway shipping industry . there are no smokestacks blowing exhaust fumes into the air. the engines are powered by batteries. soon, captain thomas fever and his crew won't even be on board. the yard deer coolant will drive itself autonomously. here liber programmer, i looked for soon. the software will take over my function on board. currently it

locks everything i do and you know how i adjust to propellers and what routes i take. as a result and the system learns the framework operations more bar for see in the bottom at than warden, one of the holiday inn, of what we could put in to ensure safety. captain fever and his colleagues monitor the ship from shore and can intervene to steer at any time. the crew on board is being steadily reduced, was oscar horn to wash puddled up over the next 2 years. we will add more autonomy functions and continue to test the technology all before the last 2 navigators, finally disembark turnover or what this innovative form of c transport comes from. fertilizer manufacturer, a gara, each trip on the yard vehicle and carries up to $100.00 containers, a fertilizer to major ports from their cargo can be shipped a broad yet instead of shooters law,

until recently we transported every single container by truck each year there was around $40000.00 trips, we now have shifted to see transport the ship is electrically powered and will soon even seal without the crew of a lot of the long water gotten. no crew accommodation means more space to squeeze on additional containers. it's a benefit for the environment and it eliminates the risk of human error. soon. people like thomas fever will have regular working hours in control center or land, instead of spending months away at sea. all that will be missing the classic seafaring adventure. and just lastly here on the to we a business australian airline quantas is deploying a unique solution for it. staff shortages is asking executive level employees to help fill the gaps at some efforts, including stepping in as baggage handlers like much of the global airline industry

. quantas is struggling to return to regular service. the airline laid off thousands during the pandemic and is having trouble staffing back up amid a tight labor market and winter illness. myself. a man of is the same here in berlin from law to head over to our website, d dot com slash business ross on the data. we'd use youtube channel. i don't facebook as dd to next time with passengers here are in for a ride. taxi drivers here need nerves of steel. while passengers here can get an eye full along the way. reb taxis accommodate passengers all over the world. the driver,

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a red if acacia. i think we're going to have some epic fighting or over the world meter is becoming a scarce commodity. things just getting dryer and dryer and we need more and more water. earth die of thirst. there's no water and o a global struggle for water. thirst starts august 10th on d, w. i door i, i can find the award to say how much i love this walk because i love driving with we are living during the most extraordinary.