Wire · regulatory
Latest Annual HSR Report Highlights Continuity and Divergence Under Second Trump ...
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Fusion42 · 26 August 2026 · Fusion42 review
The FY 2025 HSR Annual Report reveals stable filing volumes with larger deals, fewer Second Requests, and increased settlements under combined Biden and second Trump administration policies. The DOJ and FTC show a decline in enforcement actions but a higher willingness to negotiate settlements, while the updated HSR Form was vacated by court ruling, reverting to the prior form with ongoing rulemaking potential.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a merger review environment where large deals draw fewer Second Requests but lead to more negotiated settlements. Start engaging regulators early to shape remedies as the agencies show readiness to settle rather than litigate.
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1 source · 26 Aug 2026
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