Private asset managers have been tantalized for years about the $29 trillion in Americans’ retirement accounts. Donald Trump just made it easier for them to get a slice.

By Josh Kosman President Trump in a matter of months turned from a private equity critic to champion and much of that has come because of a deal involving AI, sources told JOBs. Back in February when Trump was threatening to end one of private equity’s big tax loopholes,

Changes under his executive order would not be immediate. Federal agencies would first need to rewrite rules and regulations to allow the expanded choices.