On the same day as his interview at the Cisco summit, Solomon participated in his company's earnings call, where he elaborated further on the potential impact of President-elect Trump's election and a shift back to Republican control in Washington. Solomon noted that these political changes are already starting to make a significant difference in the business world. He highlighted that there is a substantial backlog from sponsors and an overall increased appetite for dealmaking, thanks in part to a more favorable regulatory environment. Goldman Sachs' upbeat results contributed to a strong performance in the stock market, with the S&P 500 posting its biggest gain since November. Goldman Sachs' stock surged by 6% on Wednesday, further fueling the positive sentiment surrounding the bank's future performance. While the stock market has experienced a strong run over the past two years, with the S&P 500 and Nasdaq reaching record highs last month, IPOs have yet to see a substantial rebound.