Latest news with #Caterpillars
Axios
03-07-2025
- Business
- Axios
Sector winners and losers of the "big, beautiful bill"
Manufacturing and defense companies stand to win from the " big, beautiful bill," while wind and solar fare worse and hospitals could be hit hard. Why it matters: Investors welcome the certainty of the bill, but are also nervous about heavily exposed sectors. The big picture: Companies will get expanded provisions on itemization and expenses, including 100% bonus depreciation, which allows business to deduct expenses immediately rather than over three years. Henrietta Treyz of Veda Partners says this could benefit manufacturers, although the stimulative effects of the bill could be muted by tariffs on things like steel and aluminum. "The John Deeres and Caterpillars of the world benefit from a 100% bonus depreciation" historically, she says. Defense spending also benefits, as armed services spending is set to increase by $150 billion under the bill. Couple that with the administration's push to grow the defense budget to over $1 trillion annually and it's a boost in spending that "markets do not appreciate…at all," says Terry Haines, founder of Pangaea Policy. Palantir, an AI-focused defense contractor with ties to Donald Trump, is still among the top five best-performing stocks in the S&P 500 this year. The other side: While a proposed tax on wind and solar projects was taken out of the bill, tax credits are still set to be removed. Tax credits are key to the economics of solar installation investments, and "for many in that sector, this bill would represent their fears confirmed," per a statement from John Gimigliano, principal in charge of federal tax legislative and regulatory services at KPMG U.S. The removal of a $7,500 electric vehicle tax credit is set to be a headwind for EV sales, which could be another pain point for Tesla (though its stock recently rallied even after soft delivery numbers.) Hospitals have"just gotten absolutely smoked, so much so that quite frankly there's no way that these cuts go into effect," according to Treyz. The Congressional Budget Office has estimated $1.1 trillion in health care cuts from the bill. This could weigh on hospital REITs that benefited from that government spending. The loss of social safety nets for millions of Americans could be an additional pressure point to the broader economy over time. The bottom line: Winners and losers aside, at least the market has a better handle on what's coming now.
The Courier
07-06-2025
- Entertainment
- The Courier
All you need to know about Alyth and District Agricultural Show
The summer agricultural event season is in full swing and thousands of people are expected to descend on a field in Perthshire for one of the next bumper instalments. Alyth and District Agricultural Show is on at Bogles Field, Essendy Road, Blairgowrie, next Saturday (June 14) from 8.30am-6.30pm. Visitors will find cattle, sheep, horses, donkeys, vintage tractors, trade and food/drink stands, children's activities, Highland dancing, a dog show and a pipe band in full flow. Alyth Show started in the 1940s, later becoming Alyth and District Agricultural Show. It grew steadily over the years and in the late 80s was deemed to be too large for its site at Diamond Jubilee Park, Alyth . So, it moved to a local field in 1990 and was then rotated between different farms. The annual event has been held at Bogles Field, Blairgowire, most years since 2013. This year's show president, Peter Mitchell, told us about a new addition to the roster. He said: 'We are delighted to be hosting a display of around 15 Caterpillars (agricultural machinery) at this year's show to celebrate 100 years of Caterpillar. 'Some of the models will be competing in our vintage section and parade. 'But many will be on display to provide an amazing showcase of these magnificent machines in their centenary year.' Pooches can be entered into the 2pm 'companion' dog show, including pedigree and novelty classes, any time up until 1pm. Peter added: 'We also take on-the-day entries for our horse sections. 'And in our unaffiliated show jumping classes, we have five classes catering for all ages and abilities, with entries taken on the day also.' Show secretary Gail Robertson said there were already 45 entries in the cattle classes, 160 for sheep categories, 80 in the horse, pony and donkey sections and 55 for vintage tractors, implements and engines. Schedules and entry forms can be found online at Bogles Field, Essendy Road, Blairgowrie. Adults £10, OAP & over 12s £5, Under 12s get in free. Tickets can be bought at the gate. Yes and it's free
