Exclusives | Americas

Trump targets deals in pharma, AI, energy, mining before midterm elections

3 October 2025, 12:31 pm

1 min read

FILE PHOTO: U.S. President Donald Trump announces a deal with Pfizer to sell drugs at lower prices, in the Oval office of the White House in Washington, D.C., U.S., September 30, 2025. REUTERS/Ken Cedeno/File Photo

The Trump administration is pursuing deals across up to 30 industries, involving dozens of companies deemed critical to national or economic security, according to more than a half dozen people familiar with the talks. The fast-paced dealmaking is designed to deliver political wins for U.S. President Donald Trump before the 2026 midterm elections, the sources said.

Why it matters

Taken together, the planned interventions in the American economy reverse decades of adopting a hands-off approach to private enterprise, a defining feature of American capitalism.