Election update: Does a new presidential candidate change the policy outlook for investors?

Earlier this year, we highlighted how tax legislation, regulatory changes and geopolitical risks might be influenced by the upcoming national election results. But as we head into the final stretch of this election cycle, the dynamic of the race has shifted significantly. With President Biden’s late withdrawal and Vice President Kamala Harris’ elevation to the top of the ticket, headline politics is overshadowing subtler potential shifts in policy.