As Mamdani proposes tax hikes and economic reforms, business leaders weigh in. From potential exodus fears to the impact on real estate and Gen Z engagement, the future of NYC’s economy hangs in the balance.
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
Eli Lilly to invest $27 billion in building new US manufacturing plants amid challenges from drug import duties. The move aligns with Trump's push for American manufacturing revitalization.
