The plan positions Harris as a candidate focused on the economic well-being of the middle class. In a speech in Raleigh, North Carolina, she called her vision the “opportunity economy,” which she defined as a combination of creating circumstances in which everyone has an equal chance to earn wealth and be competitive, and reducing red tape to encourage new businesses and innovation.

Here’s what you should know about their proposals:

— Harris proposed an idea that received the most attention and some pushback: regulating “corporate price gouging” on food. After a period of high inflation, she would give the Federal Trade Commission the power to “investigate and impose tough new penalties on companies” that “make excessive profits.” Some economists question whether the proposal violates the basic principle of supply and demand.

—The vice president proposed a $6,000 child tax credit for families with newborns. The current child tax credit would drop to $1,000 by 2025. This idea has some bipartisan momentum. Republican vice presidential candidate JD Vance — who has already courted controversy with his “childless cat ladies” comments, part of his view that people should have more children — has floated a $5,000 child tax credit.

— Harris’ policies also include a $25,000 down payment for first-time home buyers, as part of their comprehensive affordable housing policies.

– She wants to continue the Biden administration’s efforts to reduce the cost of prescription drugs.

As my colleague Geoff Colvin writes for Assets In July, companies will face higher tariffs on American imports under a Harris or Trump presidency. But the candidates disagree on several other issues important to business, including immigration, labor and regulation.

Emma Hinchliffe
[email protected]

The broadsheet is Assets’s newsletter for and about the most powerful women in the world. Today’s edition was curated by Nina Ajemian. Subscribe here.

ALSO IN THE HEADLINES

– Ivy blanket. With Minouche Shafik’s resignation from Columbia University, the brief era in which the Ivy League was predominantly led by women is coming to an end. Four of the Ivy League’s six female presidents have resigned, and three have been replaced by white men. Chronicle of higher education

– Next generation. Paetongtarn Shinawatra will become Thailand’s youngest prime minister at the age of 37. Shinawatra, daughter of former head of state Thaksin Shinawatra and member of a political dynasty, will be Thailand’s second female prime minister. CNN

– On the waiting list. Demand for Kristin Juszczyk’s custom NFL apparel was so high earlier this year that she turned down Vice President Kamala Harris’ request for a piece before the San Francisco 49ers’ Super Bowl. Juszczyk, the wife of 49ers player Kyle Juszczyk, has since signed a licensing deal with the NFL because her designs became so successful. Forbes

– News about abortion. The Montana Supreme Court ruled that minors in the state can have an abortion without their parents’ permission, according to the AP. In Arizona, voters will decide abortion rights in the state. The state Supreme Court ruled that the term “unborn human beings” can be used in informational pamphlets sent to registered voters, siding with anti-abortion groups regarding the terminology used to describe an embryo or fetus. New York Times

MOVERS AND SHAKERS

Field & Main Bank discontinued Allison Carter as Director of Treasury Management, First Vice President. Previously, Carter was Vice President of Cash Management at Central Bank & Trust Co.

GenTea Apparel, a menswear brand, called Abigail Linton CEO. Most recently, Linton served as Chief Strategy Officer and Chief Operating Officer at Onward Reserve.

Kathleen FinchHead of US Networks at Warner Bros. Discovery retires End of 2024. The company named Channing Dungey as her successor. Dungey is currently chairman and CEO of Warner Bros. Television Group.

ON MY RADAR

Bra fittings used to be daunting. Now they’re digital – but still a bit weird Wall Street Journal

Transfers and salary cuts: Pregnant officials accuse border authorities of discrimination New York Times

Is DEI dead or does it just need to evolve? Praxis Labs has an answer Incl.

FAREWELL

“It must be your responsibility to take your place. Other people’s opinions of me are none of my business.”

— Singer Christina Aguilera about Dealing with prejudice and growing up in the spotlight

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