Policy and Governance

The U.S. federal government has become one of the more active equity investors in strategic industry, and it has happened with remarkably little fanfare. Since January 2025, Washington has announced roughly $27.6bn across 37 deals involving equity or quasi-equity stakes in public and private companies. The stakes span semiconductors, critical minerals, quantum computing and energy, with the first two sectors alone accounting for more than 80% of total deal value.

Two Seas focuses on legal and regulatory catalysts that the market is either underpricing or mispricing.

We recently spoke with Dominic Lester and his colleague Lorna Shearin, Deputy Head of EMEA Investment Banking, to get their take on the state of European economies and the transaction environment. We also connected with Ed Keen, Head of Equities EMEA, and Alex Coffey, Head of EMEA Research, for additional perspective on why mid-sized companies are attracting so much investor interest.

How can one separate headlines from on-the-ground data and get a clear picture of global transition strategy in 2026?

Jefferies’ Sustainability & Transition Team set out to address that question in a new note, Energy Transition Download: Practical Tools to Track Macro, Sector & Companies.

On a recent Jefferies webinar, leaders from the firm’s Washington Policy & Sustainability, and Global Macro teams explored how U.S. policy and global macro trends are shaping investor behavior heading into the second half of the year.

Though uncertainty abounds in Washington a look at recent presidential transitions may offer clues into how these shifts influence issues like climate, energy transition, and human capital.

In this piece, we highlight six key reasons why energy storage will be at the center of the global transition, beyond the obvious intermittent issues of wind and solar.

To better understand Canada’s growth story, we asked John Manley – the new Chairman of Jefferies Canada and a former Deputy Prime Minister with a decorated career in law, business and public service – to share his thoughts.

The new universal proxy card (“UPC”) rules took effect last year, making the 2023 proxy season the first in which both company and dissident nominees were listed on the same ballot, allowing shareholders to choose among the different candidates in a contested election.