U.S. Vice President Harris' views on business issues
WASHINGTON, July 21 (Reuters) -U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics.
TECH REGULATION
As California attorney general, Harris sued eBay EBAY.O in 2012, alleging anticompetitive hiring practices surrounding a no-poaching agreement with Intuit INTU.O that led to a nearly $4 million settlement in 2014.
In 2015, she compelled startup Houzz to hire a chief privacy officer after allegations that the home design app had recorded sales calls without proper notification and consent.
One of her signature issues was curtailing the distribution of pornography on social media, particularly “revenge porn,” a practice involving the posting of explicit photos without the subject’s consent. She took credit for a pressure campaign that led to Facebook META.O, Alphabet's GOOGL.O Google, Microsoft MSFT.O and others taking measures to remove certain explicit images.
“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 were happy to get a call from the AG saying, ‘Come in, we want to talk with you.‘ But they all did. They did.”
BIG TECH
As a candidate for California attorney general, Harris reportedly assured potential donors that she was “a capitalist.” She has generally been seen as cozy with prominent tech executives and investors, the local industry in her home Bay Area. She attended the wedding of Sean Parker, an early Facebook executive. Her brother-in-law, Tony West, is the chief legal officer for Uber UBER.N.
She also accepted donations from Reid Hoffman, a prominent venture capitalist and co-founder of Linkedin, as well as billionaire John Doerr and venture capitalist Ron Conway. Big tech executives also supported her, including Sheryl Sandberg, then chief operating officer of Facebook, and Marc Benioff, the billionaire CEO of Salesforce CRM.N.
CLIMATE AND ENERGY
Harris’ climate and energy positions are similar to Biden’s. But throughout her career she has made clear that clean energy and environmental justice are priorities.
When Biden announced Harris as his running mate in the 2020 race, he emphasized her tough stance against big oil when she served in key roles in California, noting lawsuits she had launched both as San Francisco’s district attorney from 2004 to 2011 and then as the state's attorney general until January 2017, when she became a U.S. senator.
Last year, Harris made her debut at international climate negotiations, announcing a $3 billion commitment to the Green Climate Fund and making her first major international speech focused on climate.
As vice president, Harris has also been involved in Environmental Protection Agency policy rollouts that tackled long-standing environmental justice issues, such as a multibillion-dollar program to replace lead pipes and lead paint around the country.
ARTIFICIAL INTELLIGENCE
As vice president, Harris has been particularly outspoken on artificial intelligence. She warned against the “existential” threat of AI and said it could “endanger the very existence of humanity,” in a November 2023 address.
In meeting with tech execs like Microsoft’s Satya Nadella, OpenAI’s Sam Altman and Alphabet’s Sundar Pichai, Harris warned that they have a “moral” obligation to guard against AI’s possible dangers.
She backed an AI executive order from Biden that seeks stronger protections for consumers, singling out AI-generated scam calls and the impacts of unlabeled AI-generated content.
Reporting by Greg Bensinger in San Francisco and Valerie Volcovici in Washington; editing by Chris Sanders and Leslie Adler
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
