The Carlyle Group (CG) co-founder David Rubenstein, who also owns the Baltimore Ravens, joins Yahoo Finance Executive Editor Brian Sozzi at the 2025 World Economic Forum in Davos, Switzerland, to discuss his reading of the business community at the start of US President Donald Trump's second term in the White House.
"I think most business executives are reasonably optimistic. There may be some that aren't, but basically, new administrations always produce some optimism," Rubenstein says. He adds that in the business world, this optimism is driven by expectations of less antitrust regulation, less Securities and Exchange Commission (SEC) enforcement, and more crypto-friendly policies under the Trump administration.
"That's not to say that the Biden administration didn't do some things that were very good for business, but clearly, this administration is seen by the business community as much more sympathetic, rightly or wrongly."
Rubenstein says that while extending tax cuts will be an important priority for the Trump administration, the "tax cut legislation doesn't have to be done probably until the end of the year. So he's going to want to do a lot of things earlier."
Related Videos
Click here for more of Yahoo Finance's coverage from the World Economic Forum in Davos.
This post was written by Naomi Buchanan.