美国企业巨头以敞开的支票簿、数千亿美元的投资承诺以及对即将到来的“黄金时代”的阿谀奉承，迎接特朗普总统2024年的胜利。• 两年后，在可能出现的“蓝色浪潮”前夕，民主党人正准备用一叠传票来迎接那些同样的高管。
America's corporate titans greeted President Trump's 2024 victory with open checkbooks 12-figure investment pledges fawning tributes to his coming "Golden Age." • Two years later, on the eve of a potential blue wave, Democrats are preparing to greet those same executives with a stack of subpoenas. Why it matters:
为何重要：将声誉和财富押注在“让美国再次伟大”运动持久力上的首席执行官们，可能会在特朗普总统任期的最后两年里，花费时间在宣誓作证中为他们的交易进行辩护。
The CEOs who staked their reputations and fortunes on MAGA's staying power could spend the final two years of Trump's presidency defending their dealings under oath. The big picture:
大局：民主党控制的众议院将把其针对亿万富翁权力和腐败的竞选活动深入推进到美国企业界，审查特朗普白宫与那些巴结他的高管之间的关系。• 企业领袖现在面临着微妙的平衡术：在避免遭到仍掌控联邦合同、关税和监管机构的总统报复的同时，重建与民主党的关系。
A Democratic House would carry its campaign against billionaire power and corruption deep into corporate America, scrutinizing the relationships between Trump's White House and the executives who courted him • Corporate leaders now face a delicate balancing act: rebuilding ties with Democrats while avoiding retaliation from a president who still controls federal contracts, tariffs and regulators.
- 已经有公司在争相拆除DEI（多元化、公平与包容）项目或为特朗普的舞会提供资助后，正在聘请民主党游说人士，对抗政府，并重新发现两党合作的美德。
• Already, companies that scrambled to dismantle DEI programs or fund Trump's ballroom are hiring Democratic lobbyists, pushing back against the administration and rediscovering the virtues of bipartisanship.
聚焦：埃隆·马斯克采取了更具对抗性的做法。这位亿万富豅仅在本选举周期就向共和党超级政治行动委员会注资4.45亿美元，他已威胁要对准备调查其庞大商业帝国和白宫任职经历的民主党人进行报复。
Zoom in: Elon Musk is taking a more confrontational approach. The billionaire, who has poured $445 million into Republican super PACs this election cycle alone, has threatened retaliation against Democrats preparing to investigate his sprawling business empire and tenure in the White House.
- 政府效率部（DOGE）：作为特朗普短命的削减成本计划的负责人，马斯克大幅削减美国国际开发署（USAID），推动大规模联邦裁员，并让其团队接触敏感政府系统。调查人员想知道，在他掌握白宫权力期间，他的公司是否从合同或监管决策中获益。
• DOGE: As head of Trump's short-lived cost-cutting initiative, Musk gutted USAID, drove mass federal layoffs and gave his team access to sensitive government systems. Investigators want to know whether his companies benefited from contracts or regulatory decisions while he wielded power inside the White House.
- 乌克兰：作为乌克兰总统泽连斯基的猛烈批评者，马斯克下令限制“星链”服务，扰乱了乌克兰的军用卫星通信。民主党人现在要求获取他与特朗普和普京通话的记录。
• Ukraine: A fierce critic of President Volodymyr Zelensky, Musk ordered Starlink restrictions that disrupted Ukraine's military satellite communications. Democrats are now demanding records of his communications with Trump and Vladimir Putin.
马斯克回应民主党计划调查他的报道。截图来自 Across 公司全美范围内，企业界对特朗普青睐的追逐留下了一连串捐款、交易和让步，民主党人决心循着这条线索深究。
Musk responds to reports that Democrats plan to investigate him. Screenshot via Across corporate America, the pursuit of Trump's favor has left a trail of donations, deals and concessions that Democrats are determined to follow.
- AI 加速派：特朗普将 AI 热潮作为其经济议程的核心，同时赋予行业领袖在监管和芯片出口方面非同寻常的影响力。Meta 的马克·扎克伯格为企业界与 MAGA（让美国再次伟大运动）的和解树立了范本，他是那些可能因游说特朗普放松安全监管而面临审查的 AI 领袖之一。
• AI accelerationists: Trump has made the AI boom a centerpiece of his economic agenda, while giving industry leaders extraordinary influence over regulation and chip exports. Meta's Mark Zuckerberg, who set the template for corporate America's reconciliation with MAGA, is among the AI leaders likely to face scrutiny for pressing Trump to back off safety regulation.
- 媒体整合：特朗普盟友拉里·埃里森资助其子大卫·埃里森掌控 CBS 和 CNN，最终促成了一笔 1100 亿美元收购华纳兄弟探索集团的交易。在此过程中，派拉蒙为和解特朗普起诉 CBS 的诉讼支付了 1600 万美元，同时寻求联邦政府批准其与天空之舞的合并。
• Media consolidation: Trump ally Larry Ellison helped finance his son David's rise to control of CBS and CNN, culminating in a $110 billion takeover of Warner Bros. Discovery. Along the way, Paramount paid $16 million to settle Trump's lawsuit against CBS while seeking federal approval for its Skydance merger.
- 精英律所：特朗普对法律界的施压行动，迫使九家大型律所承诺提供 9.4 亿美元的免费法律服务，并在多元化政策上做出让步。民主党人正在调查这些协议的条款，以及这些律所是否为了讨好白宫而牺牲了独立性。
• Elite law firms: Trump's pressure campaign against the legal establishment yielded $940 million in pledged free legal services and concessions on diversity policies from nine major firms. Democrats are probing the terms of those agreements and whether the firms compromised their independence to appease the White House.
- 宴会厅捐赠者：特朗普的大规模白宫建设项目吸引了至少 3.33 亿美元的私人捐款承诺，其中苹果和英伟达各自承诺 2500 万美元。许多捐赠者——包括一些保密捐款者——在政府面前有利润丰厚的业务往来。
• Ballroom donors: Trump's massive White House construction project has drawn at least $333 million in private commitments, including $25 million apiece from Apple and Nvidia. Many donors — including some who kept their contributions secret — have lucrative business before the administration.
- 股权交易：特朗普将美国政府变成了一名主要企业投资者，与 40 多家公司达成了总额约 300 亿美元的股权和认股权证安排。民主党人正在质疑受益者是如何被选中的，以及政治关系是否影响了这些交易。
• Equity deals: Trump has transformed the U.S. government into a major corporate investor, striking roughly $30 billion in equity and warrant arrangements spanning more than 40 companies. Democrats are questioning how the beneficiaries were selected and whether political connections influenced the deals.
- 化石燃料巨头：特朗普要求石油高管为其2024年竞选活动筹集10亿美元，并承诺大幅减轻监管。此后，其政府兑现了大规模减税和环保政策回撤，引发民主党对该行业政治捐款及随后获得的政府优惠展开调查。
• Fossil fuel giants: Trump asked oil executives to raise $1 billion for his 2024 campaign while promising sweeping regulatory relief. His administration has since delivered major tax breaks and environmental rollbacks, prompting a Democratic probe of the industry's political contributions and the government benefits that followed. The bottom line:
核心看点：美国企业界维持两党关系的旧有本能自有其原因。过去两年竭力寻求特朗普青睐的那些高管，未来两年可能不得不详细解释他们究竟是如何获得这种青睐的。
Corporate America's old instinct for bipartisan relationships existed for a reason. The same executives who spent the past two years seeking Trump's favor could spend the next two explaining exactly how they obtained it.