U.S. Vice President Kamala Harris is probably poised to change into the Democratic presidential nominee within the November election, having acquired the endorsement from celebration heavyweights after President Joe Biden dropped out from the race final weekend. Here are her views and actions associated to some key business matters.
Big Tech
As a candidate for California lawyer basic, Harris reportedly assured potential donors that she was “a capitalist.” She has usually been seen as cozy with distinguished tech executives and buyers, the native business in her house Bay Area. She attended the marriage of Sean Parker, an early Facebook government. Her brother-in-law, Tony West, is the chief authorized officer for Uber.
She additionally accepted donations from Reid Hoffman, a distinguished enterprise capitalist and co-founder of Linkedin, in addition to billionaire John Doerr and enterprise capitalist Ron Conway. Big tech executives additionally supported her, together with Sheryl Sandberg, then chief working officer of Facebook, and Marc Benioff, the billionaire CEO of Salesforce.
Tech regulation
As California lawyer basic, Harris sued eBay in 2012, alleging anticompetitive hiring practices surrounding a no-poaching settlement with Intuit that led to an almost $4 million settlement in 2014.
One of her signature points was curbing the distribution of pornography on social media, notably involving the observe of posting of specific photographs with out the topic’s consent. She took credit score for a strain marketing campaign that led to Facebook, Alphabet’s Google, Microsoft and others taking measures to take away sure specific photographs.
“I cannot emphasize enough how leaders in technology have stepped up,” said Harris at a news conference then. “I’m not suggesting any of them have been completely satisfied to get a name from the AG saying, ‘Come in, we wish to speak with you.‘ But all of them did. They did.”
Climate and vitality
Harris’ local weather and vitality positions are just like President Joe Biden’s. But all through her profession, she has made clear that clear vitality and environmental justice are priorities.
When Biden introduced Harris as his working mate within the 2020 race, he emphasised her powerful stance in opposition to massive oil when she served in key roles in California, noting lawsuits she had launched each as San Francisco’s district lawyer from 2004 to 2011 after which because the state’s lawyer basic till January 2017, when she grew to become a U.S. senator. As California Attorney General, Harris received multimillion-dollar settlements with oil majors Chevron and BP over alleged air pollution violations from underground gas storage tanks.
She is a proponent of the Biden administration’s technique to develop offshore wind vitality and different renewables with lease auctions and subsidies, hanging a distinction with Trump, a fossil gas booster who has criticized offshore wind and different clear vitality applied sciences.
Last 12 months, Harris made her debut at worldwide local weather negotiations, saying a $3 billion dedication to the Green Climate Fund and making her first main worldwide speech targeted on local weather.
As vice chairman, Harris has additionally been concerned in Environmental Protection Agency coverage rollouts that tackled long-standing environmental justice points, similar to a multibillion-dollar program to interchange lead pipes and lead paint across the nation.
Wall Street
Harris was identified to be powerful on massive banks as California Attorney General. She walked away from talks in 2011 between giant banks and state attorneys basic over a settlement that may require lenders to assist shoppers harm by house foreclosures and predatory lending practices.
Banks later greater than quadrupled the cash promised to assist Californians scale back the quantity they owed on their mortgages.
Under Harris, California launched a felony investigation into Wells Fargo in 2016 in reference to allegations the financial institution opened hundreds of thousands of unauthorized buyer accounts and bank cards.
Several main Wall Street names are reported to be supportive of Harris. Semafor reported on Sunday that a number of Wall Street donors stated they have been getting ready to contribute to Harris, saying these anticipated to contribute included Blair Effron at Centerview, Jonathan Gray at Blackstone, Peter Orszag and Ray McGuire at Lazard and Roger Altman at Evercore.
Centerview, Lazard, Evercore and Blackstone weren’t instantly accessible for remark.
Pharma
Harris has opposed well being care business consolidation over issues greater firms would result in increased costs for shoppers.
As California Attorney General, she efficiently introduced a number of antitrust lawsuits in opposition to drugmakers, well being insurers, and hospital techniques, together with initiating work on a landmark case in opposition to Northern California’s 24-hospital Sutter Health system that was ultimately introduced by her successor. She launched related investigations into different giant operators within the state. Focuses included prices of out-of-network care and mergers at many ranges of the system, similar to physician teams.
She received settlements from business heavyweights together with a $23.5 million settlement with McKesson and $241 million from Quest Diagnostics in a lawsuit alleging inflated drug costs and unlawful overcharges to California Medicaid system. A longtime Affordable Care Act supporter, she additionally just lately pointed to caps on insulin costs as an indication of the Biden-Harris administration coverage towards retaining well being care inexpensive.
AI
As vice chairman, Harris has been warned in opposition to the “existential” threat of artificial intelligence and warned tech execs that they have a “ethical” obligation to protect in opposition to AI’s attainable risks.
She backed an AI government order from Biden that seeks stronger protections for shoppers, singling out AI-generated rip-off calls and the impacts of unlabeled AI-generated content material.
Source: www.dailysabah.com