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Blackstone's Byron Wien told CNBC on Friday he believes Democratic nominee Joe Biden's foreign policy outlook and plans for combating climate change could be beneficial for the stock market.
"I think the top two priorities for Biden are going to be getting the [coronavirus] under control and creating jobs," said Wien, a Wall Street veteran who now serves as vice chairman of Blackstone's Private Wealth Solutions Group. "I think raising taxes and other things that might be less favorable for the market are probably going to be secondary to those two objectives. So if we get those two objectives first, that could be good for the market."