US corporations shift focus toward Democrats

American companies are increasingly moving away from the bipartisan political approach that previously characterized their government relations. Following Donald Trump’s return to power, many corporations abandoned even-handedness to pursue specific regulatory changes or mergers.

However, as the president faces upcoming midterm elections, businesses are attempting to rebuild ties with the Democratic Party. This shift is evident in leadership changes and hiring practices. Meta announced the departure of Joel Kaplan, a longtime Republican liaison, while Paramount Skydance has hired a former Biden administration staffer to court Democrats. Other firms, including Palantir, Polymarket, and Kalshi, have also enlisted former Democratic aides to manage government relations.