The FCC chair said mergers and acquisitions could face roadblocks from the federal agency if they do not reverse their DEI programs.

Wall Street cheered President Donald Trump’s election because businesses expected a massive deregulation effort. Trump knows this — and his administration appears to be leveraging that to get something in return: rollbacks of companies’ diversity,

FCC Chair Brendan Carr says active DEI programs may block broadcast transactions, putting radio and TV operators on notice.