barcelona<u+2014> omnicom group inc. chief executive john wren said thursday that the recent u.s. election results will help his advertising holding company because american leaders appear on track to lower corporate tax rates. <u+201c>it<u+2019>ll benefit companies like omnicom,<u+201d> mr. wren said at a morgan stanley conference in barcelona thursday. the republican-controlled congress had been planning on lower corporate taxes , and president-elect donald trump <u+2019>s plan called for lowering the corporate-tax rate to 15%. mr. wren said the ascension of sen. chuck schumer, a new york democrat, as the u.s. senate<u+2019>s minority leader would also help progress on the plan because <u+201c>he<u+2019>s a deal maker.<u+201d> mr. wren said advertising revenue was lower than expected for a presidential-election year because mr. trump benefited from using twitter inc. as an essentially free advertising platform. he also said olympics advertising wasn't as robust as had been expected. write to stu woo at stu.woo@wsj.com
omnicom ceo says u.s. election result will help ad company - wsj
stu woo