When Joe Biden finally gains control of the presidential Twitter account, he probably won’t use it or his personal account to recklessly attack American companies. That’s one reason a Biden presidency will come as a big relief to many in corporate America — even if it also might mean higher taxes and more regulation.
But that’s not to say the country’s biggest businesses will be free of criticism from Team Biden. For instance: The next U.S. labor secretary will certainly be a progressive, or maybe a self-described socialist if Bernie Sanders is the pick. And even if Sanders stays in the Senate, expect the Biden administration to echo Sanders-esque themes on wages.