Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of com🐈panies hoping to get regulatory approval for their mergers.

Discover Financial Services (DFS) was among the best-performing stocks in the S&P 500 Wednesday afternoon. Its plan to 澳洲幸运5官方开奖结果体彩网:be purchased for $35.3 billion by rival Capital One Financial (COF), announced in February, hit a snag last month when New York Attorney General Letitia James announced she was investigating the deal.

Discover shares were recently some 18% higher. Discover's stock was up by a similar percentage.

Shares of Kroger (KR) and Albertsons () also gained Wednesday. Their planned $24.6 billion merger has been held up for months by both federal and state regulators who have raised concerns about 澳洲幸运5官方开奖结果体彩网:lack of competition if the two grocers joined together. Kroger added nearly 4%, whil✨e Albertsons r💟ose more than 2%.

Similar sentiments may also be lifting shares of Cleveland-Cliffs (CLF), which were recently up some 22%. The company might now have a better chance of taking over U.S. Steel (X), which in August 2023 rejected its unsolicited $7.25 billion 澳洲幸运5官方开奖结果体彩网:buyout offer and instead agreed to be purchased by Japan’s Nippon Steel. Trump has said he would block the 澳洲幸运5官方开奖结果体彩网:Nippon Steel purchase, arguing that U.S. Steel should remain an American company.

Cleveland Cliffs' shares are also recovering from a drop earlier this week after it reported its latest financial results, turning in a GAAP net loss of $230 million. U.S. Steel stock was recently up 8%.