From CNBC: 2025-05-22 13:23:00

Mergers and acquisitions are back on track in the U.S. after Trump’s tariff policies caused market volatility. Deal activity slowed in April but rebounded in May, with $125 billion worth of deals so far. Analysts anticipate a strong comeback in M&A activity, especially in special situations and smaller transactions.

Despite the slowdown, several major deals have been announced in tech, telecommunications, and utilities. Companies like Dick’s, Foot Locker, Victoria’s Secret, Kraft Heinz, and PepsiCo are adapting to the new economic environment by evaluating strategic transactions. This trend is expected to continue, leading to more smaller deals in the near future.

Read more: Dealmaking activity shows Trump tariffs derailed a budding M&A boom