Finance

Finance

Will US companies keep faith in the ‘Texas miracle’?

The Texas drawl rang out across the airwaves from San Diego to Sacramento: “I hear building a business in California is next to impossible. This is Texas Governor Rick Perry and I have a message for California businesses: come check out Texas.”Broadcast in February 2013, the radio advert was Perry’s boldest stunt in a campaign to lure companies from the west coast to Texas. Although it was dismissed as “barely a fart” by Jerry Brown, Perry’s Californian counterpart, the following year carmaker Toyota announced it would move its US headquarters...
Finance

JD Vance and Kamala Harris scramble US dealmakers’ election strategies

Wall Street grew so frustrated with US President Joe Biden’s antitrust policies over the past three and a half years that many long-standing Democratic dealmakers considered switching their support to Donald Trump in the 2024 elections or even boycotting the ballot altogether.But two events have dramatically changed that stance in the past fortnight: Trump named JD Vance as his running mate and Biden dropped his re-election bid, endorsing his vice-president Kamala Harris for the Democratic nomination. Mergers and acquisitions practitioners are now reconsidering their electoral strategies. They consider Harris to...
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