How the US Midterm Elections Could Affect Companies' Profits

End of one-party economic policy seen after midterms

US House Minority Leader Kevin McCarthy, a Republican from California, center, during the America First Policy Institute's America First Agenda Summit in Washington.

Photographer: Al Drago/Bloomberg
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A Republican takeover of Congress would reshape the fiscal and regulatory landscape for a wide range of businesses that have grappled for nearly two years with Democratic efforts to boost taxes and tighten rules.

Next week’s midterm elections are expected to usher in a new era of divided government, with polls showing Democrats losing control of the House and possibly the Senate. That would spell the end of President Joe Biden’s agenda.