This election’s big trust issue (maybe not the one you’re thinking of)
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 March 2024
⏱️ 7 minutes
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Summary
Following Super Tuesday’s results, there hasn’t been a major paradigm shift, even after the suspension of Republican contender Nikki Haley’s presidential campaign. But many people in the world of business are laser-focused on the outcomes of November’s election because of what it can mean for antitrust policy. We delve in. Also: what’s included in spending packages before the House and how a lack of water is impacting the Panama Canal.
Transcript
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| 0:00.0 | Super Tuesday didn't resolve it, but for many captains of industry the big political |
| 0:06.1 | question of the year is antitrust. |
| 0:09.2 | I'm David Brancatrio in New York, the morning after Super Tuesday primaries and for people making money |
| 0:14.5 | decisions large and small the election results are not a paradigm shift. |
| 0:18.6 | Karen Petru is managing partner at Federal Financial Analytics Karen is even with news this morning that Republican |
| 0:24.9 | Nicki Haley is suspending her campaign for president? |
| 0:28.0 | That's correct, absolutely. |
| 0:30.0 | But that does not mean that people in the world of business and markets are not paying extraordinarily close attention to what happens in November. |
| 0:38.0 | Oh no, it's on everybody's minds and certainly something anyone I know about is talking about all the time. |
| 0:46.2 | Every poll that's a little bit one way, a little bit the other way gets an awful lot of attention. |
| 0:51.4 | Because in your view, there's a big issue on the table. A big piece of policy could change depending on who sits in the |
| 0:58.6 | White House come January. |
| 1:01.0 | That's right. |
| 1:02.0 | In fact, many major financial market, investment, and global issues of course hang in the balance. |
| 1:10.0 | But one of the most important really near-term issues that everyone I work with is |
| 1:15.6 | laser focused on as mergers because as you have covered David the Biden |
| 1:21.4 | administration has a very, very aggressive anti-merger policy for anything |
| 1:27.6 | big that smacks of consolidation, and that's just going to continue. |
| 1:31.5 | The President's strike force yesterday was very on-time |
| 1:34.5 | merger. And if you're thinking about a really big deal that might run into a lot of |
| 1:40.5 | attack under the Biden administration, you know that deal's not even going to come |
| 1:44.4 | close to closing until the end of the year. |
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