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The US Senate has approved new laws aimed at tackling two major global challenges: climate change and rising prices. The Inflation Reduction Act has supporters on either side of the political spectrum, but economists claim it has some shortcomings. Bloomberg's Laura Davison tells us why it may fall short of expectations. From Illinois, Peter Jankovskis has the latest market news. Elsewhere, tensions are continuing to ramp up between the US and China over Taiwan. David Woo grew up there. He explains why - regardless of outcome - conflict isn't something people and businesses there want. We'll also hear how China is speeding up its fleet of self-driving taxis. (Picture: Democrat majority leader Chuck Schumer celebrates the passage of the IRA at the U.S. Capitol. Credit: Getty Images.)