US President Joe Biden has signed a massive climate change and healthcare spending bill into law. The legislation aimed to bring changes in the way medicines are priced.

• As per reports, there will be a minimum 15 percent tax for corporations.
• As per the White House, 740 billion dollar bill is the biggest commitment to counter climate change in the history of the country.
• The federal government will invest around 375 billion dollar over the decade to fight climate change.
• The White House claimed that Biden's Inflation Reduction Act would reduce greenhouse gas emissions by about one billion tons in 2030.