899: The Three Scariest Numbers On Wall Street, And Who Is Most Exposed To Trump's "Revenge Tax"

Last Thursday, we were the first to highlight what Bloomberg's John Authers has since called "three numbers to remember" as they are "sending a spasm of concern through Wall Street." 

The numbers in question are 899, and refer to "Section 899" of the One Big Beautiful Bill Act (OBBBA), which as we described last week, "effectively introduces the most wide-ranging adverse changes to the tax treatment on foreign capital in the US since the Deficit Reduction Act of 1984 and the Foreign Investors Tax Act of 1966."