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What Happens to the Justice Department’s Lawsuit Against Live Nation When Trump Is President?
What happens to the Justice Department's lawsuit against Live Nation and Ticketmaster under Trump? Opinions differ, but Live Nation is 'hopeful.'
One of the most immediate reactions to Donald Trump’s victory in the 2024 presidential election was in Live Nation ’s stock, which soared on Nov. 6 and has kept climbing, from a February low of just under $87 to nearly $130 earlier this week, despite a 6% dip in the company’s revenue for the year’s third quarter announced on Monday. Joe Berchtold, Live Nation’s chief financial officer, was cautiously optimistic about the company’s prospects in the new administration when asked during an earnings call earlier this week. “But absolutely, we are hopeful that we’ll see a return to the more traditional antitrust approach, where the agencies have generally tried to find ways to solve problems with targeted remedies that minimize government intervention in the marketplace.
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