{"id":110651,"date":"2024-11-06T18:07:01","date_gmt":"2024-11-06T23:07:01","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/11\/06\/live-nation-among-stocks-to-get-trump-election-bump\/"},"modified":"2024-11-06T18:07:01","modified_gmt":"2024-11-06T23:07:01","slug":"live-nation-among-stocks-to-get-trump-election-bump","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/11\/06\/live-nation-among-stocks-to-get-trump-election-bump\/","title":{"rendered":"Live Nation Among Stocks to Get Trump Election\u00a0Bump"},"content":{"rendered":"

<\/p>\n

<\/p>\n
\n

\n\tLive Nation, which is facing a lawsuit brought by the Department of Justice (DOJ) under President Joe Biden<\/strong>, saw its share price jump on Wednesday (Nov. 6) following Donald Trump<\/strong>\u2019s victory in the U.S. presidential election a day earlier. \u00a0<\/p>\n

\n\tLive Nation shares gained 7.1% to $125.99 and rose as high as $127.64, just shy of its all-time high of $127.75 set on Nov. 5, 2021. Investors could see Trump\u2019s re-entrance into the White House as a good sign for Live Nation\u2019s efforts to thwart efforts by the DOJ to break up the company. \u00a0<\/p>\n

\n
\n

\n

\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n

\n

\t\t\t<\/p>\n

\n
\n
\n

\t\t\t\t\t\t\"Cardi<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n\t\t\t\t\t<\/div>\n
\n

\n

\t\t\t\t\tCardi B and More React as Trump Wins Presidential\u00a0Election\t\t<\/p>\n<\/h3><\/div>\n

\t\t<\/a><\/p>\n<\/div><\/div>\n

\n\tIn a lawsuit<\/a> filed in May, the DOJ alleged Live Nation abused its market power to hurt competition through exclusive ticketing contracts and threats and retaliations against venues that choose competing ticketing companies, among other actions the DOJ claims are illegal and violate the consent decree that placed competition-enhancing restrictions on the 2010 merger of Live Nation and Ticketmaster.\u00a0\u00a0<\/p>\n

\n\t\u201cThe change in administration typically brings a change in the climate around anti-trust efforts and could impact a case such as Live Nation,\u201d says Bill Morrison<\/strong>, a partner at Haynes and Boone. \u201cIt depends on the who are in those key spots, and then what the priorities are of those offices. We\u2019ve seen big pivots in the past.\u201d \u00a0<\/p>\n

\n\tFaced with the prospect of fewer regulations and an administration perceived to be pro-market, U.S. indexes posted big gains on Wednesday. The Dow Jones Industrial Average gained 3.6% to a record high. Similarly, the Nasdaq composite rose 3.0% and the S&P 500 improved 2.5% as both reached all-time highs. The NYSE composite gained 1.9% but fell short of its all-time high. \u00a0<\/p>\n

\n\tStocks associated with Trump also fared well, including Tesla, whose CEO, Elon Musk<\/strong>, campaigned heavily for Trump. The company\u2019s shares rose 14.8% while its competitors Rivian and Lucid Group fell 8.3% and 5.3%, respectively. Trump Media & Technology Group Corp., owner of the Truth Social app used by Trump, rose 5.9%. \u00a0<\/p>\n

\n\tBitcoin rose 9.4% to an all-time high of $76,012 on Wednesday. Trump has signaled a laissez-faire approach to cryptocurrency and said he would quickly fire<\/a> Securities and Exchange Commission chair Gary Gensler<\/strong>, a critic who has punished numerous crypto companies and favors tighter regulations. Trump himself is involved with a new cryptocurrency through World Liberty Financial, a decentralized finance startup that sells a token called WLFI. \u00a0<\/p>\n

\n\tIn other music stocks news, music streamer LiveOne jumped 28.5% a day ahead of the company\u2019s earnings release for the quarter ended Sept. 30 while iHeartMedia shares fell 12.6% following news that the radio broadcaster cut dozens of jobs<\/a> at stations across the country this week.\u00a0<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Live Nation, which is facing a lawsuit brought by the Department of Justice (DOJ) under President Joe Biden, saw its share price jump on Wednesday (Nov. 6) following Donald Trump\u2019s victory in the U.S. presidential election a day earlier. \u00a0 Live Nation shares gained 7.1% to $125.99 and rose as high as $127.64, just shy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-110651","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/110651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=110651"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/110651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=110651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=110651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=110651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}