from her 1st marriage with your watching d, w nurse, the u. s. senate has passed a bill to my to inflation, but will it actually make inflation worse? rob watts will be here with business and tell us all about that in well for me, terry martin. thanks watch. with when you become a criminal, a ready news with pickers paralyzing your societies computers that some are you

and governments that go crazy for your data. we explain how these technologies work, how they can work in for and how they can also go terribly watch it now. new to a new s. democrats. hail it as historic. the inflation reduction act has made it through the senate 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 help germany ease its energy was, but a lack of infrastructure means the solar cells, underperforming from sun power to see power. hey, how a cutting edge shit has taken to waters off norway on entirely on batteries. this

is data reversed, nissan reports in berlin. welcome to the program. it's been described as one of the 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 comma 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 bite . on 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 to 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, chip 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, lowers costs, create millions of good paying jobs, and is the boldest climate package in us history? that's chuck shimmers reaction, but let's get some business reaction from our correspondence at the new york stock exchange ens, quarter yann's. lo to have you on the program, just explain to us how this reduction act is going down on wall street. yeah. and especially in certain industries in certain sectors, we did see a stock price system 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 a 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 producers of solar panels, for example, fuel cell companies. so all of those were on the rise here in the monday session. and there really is also in this bill as a now you've got to for the climate goes to for 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? yeah, i mean to finance the man, as you mentioned, there are 2 texas on the table. one is the one percent texts on share buybacks,

and the other is the 50 percent minimum corporate tax. and 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 the buyback 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 a 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 takeaways and regionally up to 3.5 trillion dollar build back better. so the 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 costs, the food prices and those probably not going to be that affected by this act. 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, the a 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 a man sees that his power yield remains low. often times, no power flows from his roof to the local energy provider at all. for her, as the windows are active griffiths, while $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 who's among generates flows into power lines run bike red operator energy. but in sunny weather, that 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 surf oil, have i? 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 take installations need one to 2 years before they can be put into operation. while the grid infrastructure, which has to be set up in parallel takes between 5 and 10 years senior or lack of infrastructure, is hampering germany's attempt to become more energy independent. now a 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. them lost a total of $23400000000.00 during the 2nd quarter. despite an increase in sales,

the value of its stock holdings plunged to share prices on the global market dropped. vaccine make a buy on tech hazard bought at 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 says it delivered fewer corona, virus vaccines during court. usa or safety regulators say boeing can expect approval to resume deliveries of it's 787 dreamliner in the next few days. yeah, kraft 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 fire is found. under another big ship. now, perhaps a 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 that has ramifications for the environment. and also for the mariners on board. the yard talent could revolutionize norway's 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. they are our vehicle and we'll drive itself autonomously hilbert programmer, i locked up a soon, the software will take over my function on board. currently, it locks everything i do and you know how i adjust to propellers or, and what routes i take as

a result and the system learns the framework operations. annabelle balfour see in the bottom afterward, and one of the holiday inn offered for lincoln 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 for for ship. this innovative form of sea transport comes from fertilizer manufacturer. i gather each trip on the yard. bure coolant carries up to 100 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 the library to learn what were 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 as lastly here on the de 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 airports, including stepping in as baggage handlers. like much of the global airline industry context 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 all do head over to our website data we dot com slash business ross on the data. we use youtube channel on facebook as data. we to next talk with a scan of women from afghanistan, making movies, women from afghanistan, making movies in exile. ah, they will not shut out. they will not stop telling their stories aren't $21.00 next on d, w a pulse has

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