illuminem summarizes for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:

🗞️ Driving the news: With Donald Trump’s re-election and a Republican-controlled Senate, a shift toward deregulation and pro-business policies across tech, finance, and environmental sectors is expected
• Trump has promised to reverse several Biden-era regulations, including climate policies, consumer protections, and the Chips and Science Act, which aimed to bolster domestic semiconductor production

🔭 The context: Trump’s campaign focused on reducing government oversight and streamlining business regulations, with proposed changes including dismantling AI and cybersecurity rules, scaling back emissions standards, and revisiting the Inflation Reduction Act
• These policy shifts could roll back several of Biden's climate goals, including emission targets for vehicles and corporate climate disclosures, while reshaping cybersecurity and trade policies

🌍 Why it matters for the planet: The potential rollback of the Inflation Reduction Act and EPA emissions standards could slow the U.S. transition to clean energy and weaken climate leadership
• Additionally, Trump’s pledge to exit the Paris Agreement could hinder global climate efforts, while proposed tariffs may disrupt global trade dynamics

⏭️ What's next: Trump is expected to overhaul leadership in regulatory bodies, such as replacing SEC Chair Gary Gensler, with new appointees likely to favor financial deregulation
• Meanwhile, climate and tech industries are bracing for the impact of Trump's promised changes to emissions targets, AI regulation, and trade tariffs

💬 One quote: "The trucking industry... says [the EPA emissions mandate] is unachievable with the current state of zero-emissions technology," highlighting the industry’s challenges under current standards

📈 One stat: The Inflation Reduction Act has funneled substantial funding to red states, garnering local support for clean energy investments that Trump may now target

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