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How Wall Street gave up on influencing Donald Trump

Summary by Semafor
The NewsA year ago in Davos, Nasdaq’s President Tal Cohen explained to me the value of proximity to Donald Trump: “The last voice in the room is the most impactful.” Back then, pilgrimages to Mar-a-Lago and cameos at the inauguration were, CEOs thought, a way to influence the president, whose bid-ask approach to governing endeared many in the business community to Trump during his first term. Show up, say the right things, shape policy.A year la…

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Semafor broke the news in New York, United States on Thursday, January 22, 2026.
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