New York CNN —Dealmaking is the lifeblood of Wall Street.
But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking.
The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower.
Why it matters: Dealmaking isn’t just good for Wall Street.
Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.
Persons:
New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, ”, Lucille Jones, Jones, Mitch Berlin, Biden, ’, ” Berlin, That’s, Hewlett Packard, “, TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max
Organizations:
CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB
Locations:
New York, dealmaking, EY, Berlin, “, LSEG, Australia, New Zealand, Newark