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The Powers That Be: Daily
Trump’s Enemy Within
Nov 8, 2024
Eriq Gardner, Puck's legal expert, explores the ramifications of a potential second Trump presidency. He discusses Trump's plans to challenge the regulatory state, highlighting possible changes at the FTC and FCC that could impact Wall Street and Hollywood. The conversation dives into Trump's approach to antitrust laws and the future of media regulation. Gardner also touches on Trump's ongoing legal battles and how they might play out in light of a presidential win, all while weaving in the intersection of pop culture and politics.
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Quick takeaways
- A potential second Trump administration could significantly reduce the FTC's authority, impacting merger oversight and pro-business consolidation opportunities.
- The FCC may adopt a more aggressive regulatory stance, scrutinizing media companies and enforcing stricter ownership rules amid Trump's historical threats.
Deep dives
Shifting Regulatory Landscape
The potential regulatory shifts under a second Trump administration suggest a significant reduction in the Federal Trade Commission's (FTC) authority, particularly concerning merger oversight. Trump's administration may prioritize streamlining regulatory processes, possibly eliminating the FTC's role in merger reviews altogether. Notable figures like David Zaslav have hinted that a Trump presidency could facilitate consolidation opportunities in the industry, indicating a pro-business approach. Additionally, the future of current FTC commissioner Lena Kahn remains uncertain, as the administration may not favor aggressive antitrust enforcement in the same manner as previous administrations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode