Since the beginning of the year, $2.35 trillion of deals have been announced globally, an increase of 57% from the same period last year, according to Dealogic. At this rate, dealmaking will total $4.8 trillion to break the current record of $4.3 trillion, which was set in 2007. The WSJ attributes this increase to technological disruption and the court decision to allow AT&T's acquisition of Time Warner. S&C partner Frank Aquila weighed in stating, “What I took away from that decision is that the courts aren’t going to allow U.S. antitrust enforcement to veer from the traditional path, and that they’ll take a 21st-century view of the competitive landscape." He also noted that even trade conflict could end up having a positive impact on M&A, saying, "When you talk about trade wars and tariffs, companies deal with that by having as much capability as possible in the markets they serve."