But as with all things in life, nothing is free. The efforts to fight climate change are a major part of the roughly $430 billion bill. The industry is poised to benefit from the spending bill, which aims to commit $369 billion toward green energy investments – including extending a tax credit for purchases of electric vehicles – and reduce carbon emissions by 40% by the end of this decade. What the Inflation Reduction Act Means for InvestorsĮlectric vehicle (EV) stocks were a pocket of strength today after the Senate over the weekend passed the Inflation Reduction Act. While CVS does not participate in this market directly, building any additional services into the home in our view would be a positive step, even if it feels like there is more urgency on the primary care side." "SGFY used an over-arching tech platform that both allows for optimal efficiency for its clinicians but also to ensure the most appropriate types of evaluations in the home. "Since the CVS investor day in December of last year, investors have been waiting for details on how the company plans to deploy capital in order to improve its care delivery model," says BofA Global Research analyst Michael Cherny, who has a Buy rating on CVS. CVS plans to submit an offer for SGFY in the coming week, the article indicates, citing people familiar with the matter. Signify Health ( SGFY (opens in new tab)) jumped 11.0% after a report in The Wall Street Journal (opens in new tab) over the weekend said CVS Health ( CVS (opens in new tab), -0.3%) is looking to buy the healthcare platform.BBBY was up 63.5% at its intraday peak, before closing with a 39.8% gain. Bed Bath & Beyond ( BBBY (opens in new tab)) and AMC Entertainment Holdings ( AMC (opens in new tab)) were notable gainers, with many suggesting retail traders on Reddit's WallStreetBets were driving the action in the two meme stocks.(Bitcoin trades 24 hours a day prices reported here are as of 4 p.m.) Gold futures rose 0.8% to $1,805.20 an ounce.crude futures gained 2.0% to settle at $90.76 per barrel. The small-cap Russell 2000 jumped 1.0% to 1,941.
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