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August 4, 2021

Kim Monk & Rob Smith quoted in MarketWatch

"Winners in bipartisan infrastructure bill: nuclear power, internet providers, pharmacy benefits managers" by Viktor Reklaitis


Kim Monk & Rob Smith quoted in Viktor Reklaitis' MarketWatch article, "Winners in bipartisan infrastructure bill: nuclear power, internet providers, pharmacy benefits managers"

The article reads:

Washington’s bipartisan infrastructure bill still faces a long road to becoming law, but analysts see some clear winners and losers at the moment.

The sectors viewed as benefiting from the $1 trillion measure in its current form include pharmacy benefits managers, internet providers and operators of nuclear power plants.

Sectors that are likely to be disappointed by the bipartisan legislation, which the Senate could pass as soon as this week and send over to the House, include the cryptocurrencies industry, the electric-vehicles space and clean energy, according to analysts.

One proposed source of funding for the infrastructure bill is delaying a Medicare rebate rule, with that move expected to provide about $49 billion. Analysts at Capital Alpha Partners said that’s a “win” for pharmacy benefits managers, plus “negative provisions banning spread pricing have dropped out as offsets.” CVS Health CVS, -3.15%, Cigna CI, -1.20% and UnitedHealth UNH, 0.01% are among the big U.S. PBMs.

Internet providers such as AT&T T, -1.06% and Charter CHTR, -0.17% look set for a windfall as the legislation has $65 billion for improving broadband access for poor and isolated communities, including $40 billion in grants that states can dole out to operators that expand their networks. That’s according to a Wall Street Journal report on Tuesday.

Full article: https://www.marketwatch.com/story/winners-in-bipartisan-infrastructure-bill-nuclear-power-internet-providers-pharmacy-benefits-managers-11628016753