slump

M&A and IPOs slump under Trump: ‘It’s almost as bad as Covid.’

Dealmaking on Wall Street has sputtered out in recent weeks, bankers and consultants said.It’s a reversal of the industry’s hopes that 2025 would deliver an M&A and IPO rebound.Industry insiders pointed to Trump administration actions that have clouded the economic outlook.Wall Street’s dreams of a dealmaking rebound have been put…