Dealmakers anticipate a surge in megamergers under Donald Trump's presidency, following a rebound that lifted global takeovers above $3 trillion this year. Global mergers and acquisitions surged 11% this year, surpassing $3 trillion after a sluggish 2022. Megadeals valued over $5 billion increased 19%, though total deal counts hit a nine-year low. Dealmakers attribute the rebound to optimism among CEOs about potential regulatory easing under Donald Trump’s administration. Private equity takeovers grew 25% to $670 billion, but the industry is burdened by a multi-trillion-dollar investment backlog.