, Columnist
MAGA Doesn’t Mean Making Profits Great Again
Big Business and Trump’s populists are waking up to the fact they dislike each other.
Billionaires Row at the inauguration.
Photographer: Julia Demaree Nikhinson/AFP/Getty
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Corporate America’s profits are slipping. Last week, the Bureau of Economic Analysis confirmed that corporate post-tax profits dropped in the first quarter by 3.3% — by far their biggest fall since the pandemic.