We’re living in an almost unprecedented era of corporate and political overlap, though this time around several things are looking a bit different. Often, the Republican party, with a tendency towards generous tax breaks for major corporations and the wealthy, is the favorite of the big-name corporations that are at the top of the NASDAQ. But we’re seeing a two-pronged shift over major political issues as some of the most important American corporations begin to align themselves more and more with Democrat policy. The first is a rise of corporations and CEOs speaking out against restrictive voting laws passed in states like Georgia, which infamously flipped from red to blue in the 2020 election. Everyone from Apple to Blackrock have spoken out against the bevy of laws. The MLB and certain film productions have pulled out of Georgia, echoing the corporate reaction to the transgender bathroom bill in North Carolina from a few years ago. The second, and more recent development, comes as the Biden administration unveils ambitious carbon reductions meant to curb the effect of climate change. The Biden administration vowed to cut carbon administrations by half, at least, by 2030. This target would double the reduction promised in the 2015 Paris Climate Accord. While Biden’s $2 Trillion plan oriented towards infrastructure and green initiatives has sent obvious stocks moving—EVs, solar, etc.—the massive undertaking has gotten a co-sign from over 400 companies. One might expect that these companies are those that already orient around green policy, but the list is as broad as it is surprising: key players include Microsoft, GE, GM, Walmart, Coca-Cola and many others. How this will move the market is yet to be seen, but we’re entering a new era of corporate and political interaction. With companies from nearly every sector getting involved, it may be worth considering how your portfolio will be impacted in-between now and 2030. Source