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Trump Victory Clouds Outlook for Time Warner-AT&T, Other Mergers (reuters.com)
U.S. corporate dealmakers were likely to put major merger plans on hold as they assess whether U.S. President-elect Donald Trump will follow through on his populist promises and a threat to block AT&T's purchase of Time Warner, or act more like traditional business-friendly Republican administrations. From the report:Trump's rhetoric and the personal nature of the campaign, which included little discussion of policy, left many uncertain about the new U.S. leader's plans, including how his administration will handle mega-mergers. Wall Street braced for a drop in deals, with Goldman Sachs on Wednesday projecting a 20 to 30 percent downside for earnings of banks that focus on merger and acquisition advice, and Jefferies saying that uncertainty about Trump's policy on trade, healthcare, taxes and energy could hamper underwriting activity and M&A globally. "I think a lot of deals will hit the pause button for a bit until we get some clarity on whether President Trump will moderate or be as disruptive as some expect," said a senior Wall Street banker who asked not to be named because he was not authorized to speak with the media. "It's going to be a tough environment for everything until we see how [Trump] behaves as a leader," the banker added.
Trump had to skirt some horrid regulations. Now he has the power to just remove those regulations. I too, doubt he will do anything bad for the economy. But monopolies are bad for the economy. If the merger doesn't go through by Jan 17th, It never will.
Obama had a long record(elected in politics in 1997), well as long as it was counted as "here" in the legislative house in Illinois. No, Obama had a history, he was in politics before coming president. Trump on the other hand has no political history, in turn doesn't even have the political ties that someone like Obama did at a state level.
Om, nomnomnom...