Blackstone President and COO Jon Gray declares an end to dealmaking freeze caused by Trump’s tariffs, stock rises over 4%. Top executives at Blackstone and other Wall Street banks express confidence in moving forward with mergers and IPOs despite ongoing trade uncertainty. Union Pacific confirms advanced talks with Norfolk Southern for potential record-breaking rail industry deal. Lower interest rates, economic growth, and trade pacts contribute to reigniting M&A and IPO activity. Blackstone’s Q2 earnings exceed expectations with assets under management reaching a record $1.21 trillion, overall profits up 72%.

Read more at Yahoo Finance: Blackstone’s No. 2 says dealmaking pause now ‘behind us’