Goldman Sachs: Biden's antitrust crackdown could slow the deal boom on Wall Street

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Goldman Sachs: Biden's antitrust crackdown could slow the deal boom on Wall Street
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President Joe Biden is cracking down on monopolies. And that has some on Wall Street worried.

New York

Goldman Sachs is warning clients that Biden's July 9 executive order calling for antitrust agencies to closely inspect mergers could slow what the investment bank described as a"blockbuster" year for mergers and acquisitions."It will be more onerous to complete deals as regulators scrutinize transactions," Goldman Sachs analysts wrote in a note to clients. For now, dealmaking is alive and well on Wall Street. US-based companies have announced a staggering $1.

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