Larry Fink Urges Biden, Trump to Pursue ‘Economic Boom’ Agenda

BlackRock Inc. Chief Executive Officer Larry Fink urged US presidential candidates to overcome divisions in the country following the attempted assassination of former President Donald Trump, seeking to persuade them to grow capital markets, reduce the burden of regulations and expand the economy.

“Growth is not going to come from tax cuts — that’s too short term,” Fink said in a CNBC interview after BlackRock, the world’s largest money manager with $10.6 trillion in client assets, reported second-quarter earnings. “We need to be building America,” he said, including by streamlining the process for obtaining permits in the country.