FINSUM + Magnifi: Biden’s Infrastructure Bill Has Big Implications

June 18, 2021

ESG has already taken the financial world, nearly dominating every other headline over the past couple of years. Major trends in EV, cloud computing, and clean water have led the pack in terms of breakout opportunities for many investors. However, the biggest windfall for ESG stocks could still be ahead of us, Biden's $2-trillion infrastructure bill. EV-focus, including ride-sharing and delivery, is a major component of the legislation. Companies like Facedrive are already using electric vehicles in ride-sharing and delivery which has been an industry hard on emissions already. Companies like BlackRock and Morgan Stanley are bumping up their ESG spending to unprecedented levels. Other companies to benefit from the spending package alongside Facedrive are Uber, Shopify, BlackRock, Enphase Energy, and NextEra Energy.

(New York)

FINSUM + Magnifi: Biden’s infrastructure bill will no doubt be a win for ESG, and we don’t think it's quite priced into ESG yet as there remains uncertainty as to what the final legislation will look like.

Other news today: Biden’s Newest Tax Shock for Your Clients and Credit Suisse Says to Keep Running with the Bulls

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