Eric Cantor Talks US Economy, M&A Deals
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Former House Majority Leader Eric Cantor joins us now, currently of MOLUS. And I want to start on the economy and all of these deals that we see going on. I mean, is this just an incredibly robust deals pipeline on the heels of a benign economy and wide open capital markets? I think you're right. I mean, I know at Mollis, you know, our bankers are really busy as we come into the very end of the year running through the tape. And so there's a lot of dialogue. We're in the business of advising on transactions. Transactions are a tool for companies to accelerate growth, to figure out how to better position, to gain efficiencies. And as you say, they're accommodative capital markets right now, too. And so we are seeing just a lot of dialogue, a lot of activity.
And I think a general optimism as we come to the New What's interesting is in markets right now, you're seeing a bit of skepticism, pushback. Broadcom, perfect example of that. We also saw that with Oracle. Debt investors are saying you need to pay up a little bit more. As vice chair of MOLUS, are you seeing that pushback in any way, shape, or form? Or are deals just coming out of the woodwork in ways that keep even your associates really busy? You know, I think if you look at the strategic sort of universe, I mean, they are and have always had a list of where they're heading in terms of targets and the kind of deals they want to do. And certainly in the sponsor world, there are other sort of forces at work, you know, the need to recycle capital, you know, assets that may need to go into a continuation fund.
There are all types of different tools available for clients, investors, sponsors, strategics. And as you say, I think... Overall, the framework and the environment is more constructive now. Certainly in Washington, when people look to the regulatory impact, we have sort of come out from under this very, very negative regulatory outlook that we had in the prior administration.
Talk a bit more about that. So when you're talking to executives about that regulatory environment, how would you describe it? I mean, we see some of these agencies where there's not a full panoply of commissioners, for instance. We heard it from the Treasury Secretary, there's going to be some new corporate tax policies coming here.
What insights does Eric Cantor provide about the current US economy?
into effect in the coming weeks. How much of it is still in co-ed or clear for you at this point of where it's headed regulatorily?
I think with this president and this administration, I think there is just sort of an acceptance that you're never really going to know for certain anything because of the way that You know, the rapidity that things are about in Washington, the way that President Trump sort of approaches, you know, the power he's got and the position, very unique. But I think on the whole, it's a much more constructive regulatory environment. And you just don't have this overhang that you had in the prior Biden administration where, you know, there was really an anti-business sentiment. And if you just remember, it's like... eons ago, but with the likes of Lena Kahn and Jonathan Kanter, they were sitting in these spots in the head of the antitrust regulators, and they really definitionally said, if you are bigger, that is bad, and therefore we are not really inclined to allow you to do it.
Whereas this administration, it's not like it was under the Bush administration, but it's certainly much more constructive than they like to do deals.
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