Corporate M&A activity hits all-time high

Global and U.S. merger and acquisition activity both hit all-time highs during the first half of 2018, driven by mega-deals in sectors like media, according to data from Thomson Reuters.

Data: Thomson Reuters Mergers and Acquisitions; Chart: Andrew Witherspoon/Axios

What to watch: This record-setting half came against the backdrop of rising trade conflicts, but many dealmakers fear that an all-out trade war would severely slow new M&A activity in the second half.