Official FTC announcements and major financial news outlets

Trump Appoints Ferguson as FTC Chair, Signals Pro-Business Shift

Dec 11, 2024, 02:42 PM

President-elect Donald Trump has announced his intention to appoint Andrew Ferguson as the new chair of the Federal Trade Commission (FTC), replacing Lina Khan. This move is seen as part of Trump's broader strategy to reshape the regulatory landscape, particularly in relation to Big Tech, as he prepares for his second term. Market analysts and bankers anticipate a more favorable environment for mergers and acquisitions (M&A) under Ferguson's leadership, with expectations of increased dealmaking in the U.S. as the new administration takes office. Ferguson, known for his advocacy of free speech and a pro-business stance, is expected to steer the FTC away from what some describe as partisan culture. His appointment has sparked discussions about potential changes in antitrust enforcement, with some predicting a more lenient approach towards Big Tech companies like Google, Meta, Microsoft, and Amazon, which could lead to significant M&A activity. Mark Meador has also been nominated as a commissioner, further signaling a shift in the FTC's direction.