Major corporations — including the likes of Amazon (AMZN), Meta (META), and Uber (UBER) — have each committed at least $1 million to President-elect Donald Trump’s inauguration fund. Gautam Mukunda, Yale School of Management executive fellow and author of “Picking Presidents,” joins Market Domination Overtime to analyze the growing corporate support for Trump’s second term. Mukunda asserts that companies are being pragmatic in their support for Trump, pointing out Trump’s historical willingness to use federal government power against those he perceives as political enemies or threats. He references Trump’s previous conflicts with Jeff Bezos during his first term, when Trump targeted Bezos over his ownership of the Washington Post. Mukunda observes, “Trump is very transactional, and these companies are making a transaction.” However, he warns, “When you have said ‘I will pay up if you threaten me,’ the incentive you have created is to keep threatening you in order to get more payouts,” adding that these companies “will learn the hard way.” To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
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