DONALD Trump’s victory is the beginning of a new era with the President-elect promising some big changes.
As with every shake-up, not everyone benefits. Here are the winners and losers of the US election result:
WINNERS
PHARMACEUTICAL COMPANIES
Hillary Clinton wanted to make drugs cheaper and to stop pharmaceutical companies from excessive profiteering. This included denying them tax breaks for direct-to-consumer advertising and demanding they invest in R&D in exchange for taxpayer support.
This is now off the table and Donald Trump also plans to scrap Obamacare, which gives subsidies to working and middle-class Americans for health cover.
Mr Trump’s victory led to a surge in the value of pharmaceutical companies, including Pfizer, which jumped 7.8 per cent. Eli Lilly, Sanofi, Bayer and others all climbed higher.
The iShares Nasdsaq Biotechnology ETF climbed 7.2 per cent and was on track for its biggest daily percentage gain in eight years.
Former Turing Pharmaceuticals CEO Martin Shkreli, who was heavily criticised in 2014 for raising the price of his company’s HIV medication by 5000 per cent, was so happy about Mr Trump’s election, he has played some songs from the one-of-a-kind Wu-Tang Clan album he bought for $2 million last year.
Mr Shkreli promised last month to release Once Upon a Time in Shaolin if the Republican took the White House. He made good on the plan early Wednesday by playing snippets of the album during a live Periscope video posted on Twitter. The video has since been deleted.
THE TOP 1 PER CENT
Mr Trump has proposed a number of tax changes and this includes tax cuts in seven brackets, increasing deductions and getting rid of estate tax.
Low wage earners will pay little or no tax through tax allowances but according to a Forbes survey, under his plan the richest Americans would save $US275,000 dollars a year in taxation, and the poorest just $US128 dollars.
Urban-Brookings Tax Policy Centre senior fellow Howard Gleckman has calculated that a taxpayer who makes between $US48,000 to $US83,000 a year would save about $US1000.
Those in the top 0.01 per cent, who make $3.7 million a year or more, would receive $1 million in annual tax savings.
“He is proposing tax cuts for the very people he ran against in his campaign,†Mr Gleckman told CNBC.
Mr Trump also wants to cut corporations tax from 35 per cent to 15 per cent, which is likely to boost company earnings.
He also wants businesses to bring cash back to America from overseas, which could add about 3 per cent to economic growth and strengthen the dollar.
The banks also saw their shares soar on expectations that Mr Trump would reduce regulations in the industry. JPMorgan Chase rose 4.6 per cent, Goldman Sachs gained 5.9 per cent and Wells Fargo was up 5.4 per cent.
GUN LOVERS
Mr Trump has the backing of the National Rifle Association lobbying group. He has expressed the belief that if more people were armed they could better protect themselves and others against attacks.
The President-elect wants to eliminate all “gun-free zonesâ€, including at schools, saying they are an invitation for an attack.
He is also a supporter of allowing people to carry concealed weapons, but has also called for a ban on assault weapons and longer waiting times for gun purchases. He wants to expand mental health treatment to stop the “wrong people†getting guns.
INFRASTRUCTURE
During the presidential campaign, Mr Trump promised to spend nearly $1 trillion on infrastructure and reinforced this during his victory speech.
“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,†Mr Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none.â€
The rebuilding of roads, rail and bridges was deemed great news for companies such as equipment rental firm Ashtead and construction supplier CRH, whose stocks climbed sharply. Other beneficiaries could include Hill & Smith, Wolseley and National Grid.
Russ Mould, investment director at AJ Bell, said funds such as First State Global Listed Infrastructure and Lazard Global Listed Infrastructure were also proving popular investment choices.
VLADIMIR PUTIN
Donald Trump’s bromance with Russian President Vladimir Putin has been noted, with the two leaders praising each other despite ongoing tensions between their two nations over international crises like Syria, the Ukraine and MH17.
In contrast to Barack Obama, who has taken an increasingly hard line against Mr Putin since Russia’s 2014 annexation of Crimea, Mr Trump praised Putin throughout the campaign and advocated a closer relationship with Russia.
He has also said he may not come to the defence of some NATO members if Russia were to attack them.
NATO is a 28-nation military alliance of European and North American democracies created after World War II to strengthen international co-operation as a counterbalance to the rise of the Soviet Union.
Mr Obama has pledged to defend Europe, adding that “in good times and in bad, Europe can count on the United States.â€
But Mr Trump has suggested NATO is “obsolete†partly because it was obsessed with containing Russia, rather than focusing on tackling terrorism.
Tensions between NATO and Russia have been building since the annexation of Crimea, which prompted the West to impose economic sanctions.
RELATED: Russian general warns of war as NATO reinforces Eastern Europe
When news broke of Mr Trump’s victory, Putin was among the first to reach out to the incoming American leader.
Mr Trump’s ties with Russia were scrutinised during the election campaign, with some reports suggesting the Republican leader had been “compromised†by Russian intelligence.
US intelligence agencies also accused Russia of hacking Democratic organisations during the campaign, actions that Ms Clinton’s team saw as an indication that Mr Putin was trying to meddle in the election. Mr Trump notably did not accept the conclusions of intelligence officials.
THE MILITARY
Donald Trump has criticised the Obama administration for weakening the American military amid a rise in terrorism and seems to think boosting spending may encourage other countries to behave.
Mr Trump wants 60,000 more soldiers for the Army, to increase the Navy from 308 ships to 350, increase the number of Marines and to buy more planes for the air force. One expert suggested this could cost almost $US1 trillion.
Defence stocks rose on expectations of higher US military spending, with Lockheed Martin gaining nearly 6 per cent and Northrup Grummon up 5.4 per cent.
Mr Trump’s plans to increase army and marine personnel also sent shares in BAE Systems soaring.
LOSERS
MEXICO
One of the defining moments of the US election campaign happened when Donald Trump declared he would build a wall on the Mexican border — and that Mexico would pay for it.
While many scoffed at the idea, they are not laughing now.
Trump’s election has caused global investors to bet heavily against Mexico, its currency and Mexican companies. Even Spain....
The United States is Mexico’s largest trading partner and Mr Trump’s threats to repeal or renegotiate the North American Free Trade Agreement have hit the market hard.
His promise to throw out undocumented immigrants from the US is also a worry for Mexicans who send money back home to support their families in Mexico.
The peso fell nearly eight per cent on Wednesday to roughly 20 pescos to the dollar, its lowest value against the dollar in history.
CLIMATE CHANGE
Less than a week after the Paris Climate Agreement came into effect, the world is waiting is see if Donald Trump delivers on his promise to pull the US from the agreement and to stop billions in payments going to the United Nations.
There are already signs Mr Trump will depart from current US policy on climate, with reports he is considering prominent climate sceptic Myron Ebell to lead his environmental policy transition team.
Mr Trump has also advocated for lighter regulation of oil and coal companies, which could hamper demand for clean energy alternatives, such as solar and wind power. Stocks for SunPower Corp sank by 15 per cent.
WOMEN WHO WANT ABORTIONS
Mr Trump has switched from being pro-choice to anti-abortion, saying in March that abortion should be made illegal and the women and doctors involved liable to punishment of some sort.
He later said women should not be punished.
He would cut funding to Planned Parenthood and allow abortions only in exceptional cases, such as rape, incest or serious health risk to the mother.
MIGRANTS
Mr Trump has repeatedly referred to the estimated 11 million undocumented migrants in the US as criminals and rapists, and advocates for a zero-tolerance policy.
A central plank of his campaign is building a wall along the border with Mexico that Mexico would pay for.
Mr Trump has also called for “a total and complete shutdown of Muslims entering the United States†until the nation’s politicians “can figure out what is going on.â€
But Republican National Committee Chairman Reince Priebus, a favourite to be Mr Trump’s chief of staff, said the President-elect only planned to deport criminals.
“Once it was determined he was going to be the winner, he started looking at and thinking about that speech,†said Mr Priebus. “He said, ‘We’re going to calm the waters. We’re going to bring people together. We’re not going to brag.â€
TRADE ACROSS THE WORLD
Mr Trump is a strong opponent of international free trade agreements, saying they destroy jobs in the US. He has characterised the 1994 NAFTA pact with Canada and Mexico as “the worst trade deal ever.â€
Under a Trump presidency neither the 12-country trans-Pacific Partnership, which includes Australia, nor the Transatlantic Trade and Investment Partnership currently under negotiation with the European Union would be implemented.
His stance goes against the traditional position of the Republican Party, which has long advocated for more open markets.
Trump is also extremely critical of how trade is currently conducted with China, accusing Beijing of “raping†the US an unfair trade policy.
He has threatened to label China a currency manipulator and pledged to slap 45 per cent tariffs on imported Chinese goods.
If there are restrictions placed on Chinese goods, there could be retaliatory measures and China could look to redirect exports that are currently sent to the US, which could have a negative impact on global trade, Commonwealth Bank chief economist Michael Blythe told AAP.
China’s economy is expected to decelerate to an annual pace of 5.5 per cent from 6.5 per cent, according to the CBA economists.
“Australia is far more exposed to a slowdown in the Chinese economy than it is to a pick up in the US. So certainly we are looking at that part of the scenario,†Mr Blythe said.
WORLD SECURITY
Mr Trump plans to reset US foreign policy to follow purely US interests in line with the slogan “America First.â€
Allies, such as European countries and Japan, should pay for US protection, he says.
Mr Trump aims to cut back US military engagement, while at the same time boosting the battle against terrorism.
Mr Trump wants to defeat Islamic State by “bombing the hell†out of them and cutting their access to oil.
He has also pledged to pull out of the landmark nuclear accord with Iran.
A persistent critic of NATO, Mr Trump has said the military coalition “costs a fortune†and the US should not automatically defend member countries against Russia. At the same time, he has praised Russian President Vladimir Putin.
He has also said he was open to Japan and South Korea developing nuclear arsenals.
PRISONERS
Mr Trump supports the Guantánamo Bay detention camp saying “torture works†and said waterboarding should be allowed.
Mr Trump is also a strong backer of the death penalty, especially in cases in which police officers are killed.
He has backed profiling by the police that would take in ethnic characteristics and denies the police have a problem with racism. He is against the use of body cameras.
HEALTH SERVICES
Hospital chains and certain insurers look likely to lose out, as Donald Trump has said he would repeal Obamacare.
Stocks of America’s largest hospital chain, HCA Inc, plunged 15 per cent, and Community Health Systems plunged 29 per cent.
Mr Trump would abolish Obamacare immediately and rely solely on the private health care market. Medical insurance premiums would be tax-deductible, and there would be competition between the states to cut costs.
APPLE AND GOOGLE
There’s talk of a tax amnesty for businesses to bring back cash from overseas.
This means technology companies like Apple, Google owner Alphabet and Microsoft may have to return money they hold overseas, and bring this back to the US.
While this would boost revenue in the US and possibly add about 3 per cent to economic growth, it was seen as bad news for the companies.
After Mr Trump was elected, technology stocks slipped by up to 2 per cent in early trading.