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Bank lending to high-quality U.S. companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday in early September, bankers said. No bridge loans were recorded by Thomson Reuters LPC in July, for the first time in any month since March 2017, as a more cautious tone set in over the summer after several acquisitions fell apart and U.S. trade wars escalated.Investment-grade lending is still 14.5 percent higher in 2018 so far at around $574 billion compared to a year earlier, but M&A activity has slowed after national security concerns sank deals over the summer and fears of trade wars intensified.Last month, chipmaker Qualcomm Inc. dropped its $44 billion bid to buy NXP Semiconductors after failing to secure approval from China, with the deal embroiled in a trade standoff between China and the United States.
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