Why some business leaders are backing Trump’s reelection

Former President Donald Trump has garnered support from high-profile billionaires and CEOs, including Elon Musk and Bill Ackman. Evercore Chairman Emeritus Ralph Schlosstein joins Market Domination to discuss the reasons behind this backing.

Schlosstein points out that during Trump’s presidency, antitrust regulation was applied inconsistently. Although antitrust principles are supposed to be “moored in the law,” enforcement during Trump’s tenure seemed to be influenced by his own personal preferences.

“I do think that there is some perception in the world that if you’re not on President Trump’s good side, you’re on his bad side. So it’s not surprising that well-off people who lead large businesses, who otherwise might be threatened by governmental action, would make decisions like that,” Schlosstein told Yahoo Finance.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination and be sure to check out the full interview with Ralph Schlosstein here.

This post was written by Angel Smith