Tech leaders from Amazon, Apple, Google, Meta, and Microsoft publicly congratulated Donald Trump on his recent election victory, with many eager to repair ties strained under Biden’s antitrust-focused administration. Analysts suggest Trump’s return could relax antitrust scrutiny, potentially easing mergers and acquisitions blocked by Biden's FTC chair, Lina Khan. Venture capitalists and investment bankers anticipate increased deal activity as private equity and corporate takeovers may surge. The potential for policy relief is also sparking optimism among tech giants, with speculation he may dismiss current monopoly lawsuits.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Leaders from Amazon, Apple, Google, Meta, and Microsoft
00:05publicly congratulated Donald Trump on his recent election victory,
00:08with many of them eager to repair ties that were straight under Biden's antitrust-focused
00:14administration. Analysts suggest Trump's return could relax antitrust scrutiny,
00:19potentially easing mergers and acquisitions blocked by Biden's FTC chair, Lena Khan.
00:25Venture capitalists and investment bankers anticipate increased deal activity
00:29as private equity and corporate takeovers may surge.
00:32The potential for policy relief is also sparking optimism among tech giants,
00:36with speculation he may dismiss current monopoly lawsuits.