Apollo CEO Marc Rowan: Elon Musk represents wholesale change, and the US needs it

Published On Nov 12, 2024, 10:52 AM

Apollo Global CEO Marc Rowan expressed a positive outlook on the changes that Elon Musk could bring in a potential second term for Trump, emphasizing that the U.S. needs substantial reforms rather than minor adjustments. Rowan communicated with the Trump administration regarding potential appointments, and argued for wholesale changes to address financial issues and improve efficiencies within the government. He mentioned that Apollo is thriving, bolstered by inflows in its retirement services and asset management divisions, with a robust growth plan ahead.

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With positive comments regarding government reform and strong performance indicators in Apollo's business, investors might view this as a signal for continued growth. Additionally, Rowan's confidence in the government's need for change could encourage investor sentiment surrounding sectors benefiting from potential infrastructure investments or regulatory changes.

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