The David Rubenstein Show
Peter Orszag
Oct 17, 2024
Peter Orszag, an economist and former government official, now CEO of Lazard, shares his insights on navigating both Wall Street and Washington. He dives into the complexities of today’s M&A landscape, influenced by technology and regulations. Orszag discusses the critical role of geopolitical knowledge in financial decision-making and highlights the significance of effective leadership in the face of international tensions. He also reflects on the evolution of sustainability initiatives within finance and the impact of diverse teams on advisory success.
24:08
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Quick takeaways
- The podcast highlights the interplay between ongoing advancements in sectors like biotech and technology that are driving M&A activity amid previous constraints.
- Peter Orszag discusses Lazard's unique dual business model and its historical evolution, positioning it to adapt to modern financial challenges.
Deep dives
Trends Influencing M&A Activity
The discussion highlights key drivers and challenges affecting mergers and acquisitions (M&A) in the current economic environment. A significant factor contributing to an uptick in deal activity is the ongoing biotech revolution and advancements in technology, including generative AI. However, challenges such as high interest rates and regulatory hurdles have previously constrained M&A momentum. As interest rates begin to stabilize and regulatory pressures ease, there is renewed optimism among boards and executives regarding potential transactions.
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