FT News Briefing Behind the Money: Wall Street, tech and energy during Trump’s second term
15 snips
Nov 17, 2024 
Brooke Masters, U.S. financial editor for the Financial Times, and Stephen Morris, San Francisco Bureau Chief for the Financial Times, delve into potential shifts in Wall Street, tech, and energy under a second Trump administration. They discuss the mixed regulatory landscape and the influence of key figures like Elon Musk on financial policies. The duo predicts winners and losers in corporate America, highlighting the contrasting fortunes of fossil fuels versus renewables. Plus, they explore how tech giants might navigate future regulatory challenges.
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Big Tech Under Biden
- Under Biden, tech companies saw soaring valuations but also faced increased antitrust scrutiny.
- This created a powerful yet precarious situation for the industry.
Tech's Hopes Under Trump
- Silicon Valley anticipates increased dealmaking and relaxed antitrust enforcement under Trump.
- This could lead to further growth of major tech companies.
The Future of AI Regulation
- Trump's plan to revoke Biden's AI executive order raises concerns about regulating powerful AI systems.
- The rapid evolution of AI makes it challenging to establish effective control mechanisms.