President Donald Trump’s second term is bringing heightened focus on the regulatory environment and prospects for mergers. In the week’s Votes and Verdicts podcast, Bloomberg Intelligence analysts Jennifer Rie and Justin Teresi discuss catalysts related to the emerging antitrust approaches under Trump, including M&A trends at the DOJ stemming from the settlement of a merger case on Hewlett Packard Enterprise and Juniper Networks, and the latest on the FTC’s case against pharmacy benefit managers owned by UnitedHealth, Cigna and CVS. Holly Froum provides an update on this week’s tariff developments, with court challenges around the legality of reciprocal and fentanyl-related tariffs, and how rulings could affect new tariff mandates. Matthew Schettenhelm highlights activity at the FCC tied to the national television-ownership cap and comments by Newsmax opposed to deregulation.