Analysts expect the incoming administration of President-elect Donald Trump will turn around the recent dealmaking slump in the M&A market. 

After several years of reduced activity and blocked deals, watchers believe Trump’s second term in office will lead to a flurry of new deals. Trump campaigned on a business-friendly agenda that promised ample deregulation. 

“The regulatory posture of the Federal Trade Commission and the Department of Justice Antitrust Division that during the past four years challenged many proposed business combinations will likely be more relaxed under the incoming administration,” Goldman Sachs chief U.S. equity strategist David Kostin wrote in an