High stakes drive a two-track trend as we pass the year's midpoint. With overall deal value soaring even as volume dips, dealmakers are betting big on the era-defining assets. 

Deal Drivers: Americas HY 2025 explores the forces driving this divergence. Even as Q2 deal volume sank below the 3,000 waterline, H1 values overall hit US$1.2tn - up 17.1% year-on-year. It's large-scale deals that prevail as big bidders chase pharma, energy infrastructure, and AI. Private equity too is tightening its focus onto fewer, higher-value plays, notably in consumer, healthcare, and industrial.

Explore this shifting landscape in our full report, produced in partnership with Mergermarket. See analysis of key sector activity across the Americas, including:

• Consumer
• Energy, mining & utilities
• Financial services
• Industrials & chemicals
• Pharma, medical & biotech
• Real estate
• Telecoms, media & technology

Though geopolitical uncertainties remain, they are to some extent also driving opportunities. The likely winners will be the disruptors in a market that, far from cooling, is consolidating power. Read the full story now.