Biden Signs Inflation Reduction Act Into Law

Bloomberg Technology published this video item, entitled “Biden Signs Inflation Reduction Act Into Law” – below is their description.

Ginkgo Bioworks CEO Jason Kelly joins Emily Chang to discuss how the new climate and tax bill, now signed into law, will impact the biotech space. Plus, his thoughts on which post-pandemic trends to watch for, how he feels about children going back to school and the messaging around mask wearing, and where the biotech industry is headed.

Bloomberg Technology YouTube Channel

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Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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