From CNBC: 2024-11-07 11:36:44

Attendees at the Nevada GOP election party cheered as Donald Trump spoke at his Florida election party. Wall Street anticipates a surge in merger and acquisition activity under Trump’s presidency, with a Republican majority in the Senate expected to lead to loosening regulations on deal-making.

Specific sectors like financial and pharmaceutical industries are expected to benefit under a second Trump administration. Pharmaceutical executives are optimistic about lighter antitrust enforcement, paving the way for more deal-making. The financial sector, particularly regional banks, is also expected to see increased consolidation under Trump.

Retail and media industries are poised for potential consolidation under a Trump presidency. Retail deals like Kroger’s bid for Albertsons and Tapestry’s acquisition of Capri could have a better chance of approval. Media companies like Warner Bros. Discovery and Sinclair also anticipate a positive regulatory environment for industry consolidation.

Read more: Wall Street expects Trump presidency will unlock deal-making