President Trump has disrupted the U.S. clean energy industry by freezing federal grants and halting approvals for wind and solar projects, causing economic damage in Republican states. The repeal of the 2022 Inflation Reduction Act could impact hundreds of billions of dollars in low-carbon energy investments in Republican districts, leading to layoffs and project delays. Despite court orders to release funds, agencies are still blocking funding, creating uncertainty and risking the cancellation of planned manufacturing projects, impacting both Democratic and Republican states.
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Why GeneDx Holdings Stock Blasted 8% Higher Today
GeneDx Holdings (NASDAQ: WGS) saw its stock rise over 8% following a strong second-quarter earnings report that revealed nearly $103 million in revenue, a 49% year-over-year increase, driven by a 69% surge in exome and genome testing sales. This performance stood in stark contrast to the S&P 500's modest 0.3% decline. Want More Context? 🔎
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