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Atlas Merchant Capital CEO Bob Diamond describes US middle-market businesses as strong and says his firms see no capital squeeze. He expects rates to remain somewhat higher for much longer than previously anticipated, citing economic growth, tariffs, immigration-related labour constraints, energy prices and borrowing demand. He also describes ongoing Gulf business opportunities despite conflict-related delays. Interviewers challenge his assessment of regional normality, citing disrupted events and international activity. The supplied transcript contains no specific trade proposal or earlier-trade update.