What Would a Matt Gaetz Justice Department Mean for Business?

### A New Era for Justice Department?

Matt Gaetz, infamous for his vocal defense of Donald Trump and engulfed in numerous controversies, is the president-elect's nominee for attorney general. His divisive character adds uncertainty to his Senate confirmation chances. If confirmed, corporate America might need to pay closer attention to his actions.

Gaetz's selection symbolizes loyalty to Trump amid the president-elect's ongoing legal troubles. Trump prioritized loyalists over traditional candidates like Jay Clayton and Bob Giuffra. Gaetz, praised by allies for his aggressive tactics, might target Trump's perceived enemies, including certain tech companies.

Known for his strong stance on antitrust matters, Gaetz advocates breaking up Big Tech, aligning somewhat with the current leadership at the Federal Trade Commission. However, his Senate approval remains uncertain, with some Republican colleagues expressing skepticism.

In light of these developments, Disney anticipates substantial earnings growth in the coming years, while Tapestry has ceased its acquisition of Capri Holdings due to regulatory challenges. Meanwhile, John Malone is restructuring his media empire for tax efficiency, and Greg Maffei is stepping down as CEO of Liberty Media.

The dollar is experiencing a post-election surge, which could impact global trade and U.S. inflation policy. Analysts suggest Trump's economic strategies might need adjustment to control the dollar's trajectory. This intensified dollar is adversely affecting U.S. companies with international operations.

Lastly, Elon Musk has emerged as a significant figure in American politics, influencing major decisions within the Trump administration. In efforts related to artificial intelligence regulation, guidelines from the Department of Homeland Security are being issued, yet Trump's approach might differ, potentially reshaping regulations significantly.