Although Froman and Malmström continue to work toward a comprehensive trade and investment agreement by the end of 2016, the prospects of such an outcome are very slim. Even if the parties were to reach a high-level solution to the most contentious issues that remain, the technical work necessary for TTIP’s regulatory pillar alone would take months to sort out. If a political agreement is not concluded during the Obama presidency, stakeholders should expect negotiations to stall in the first half of 2017 and face a high level of uncertainty in the second half of the year.