Reminder to Lutnick: Bayh-Dole benefits taxpayers
Commerce Secretary Howard Lutnick recently proposed that the federal government should claim half of university royalties from discoveries that come from federally funded research, no matter how small the grant is. This move is yet another example of what some view as the Trump administration’s confusing economic policies, raising quite a bit of concern. Lutnick […]
Trump will remember Musk’s ‘negativity,’ Lutnick states
The Secretary of the Commerce Bureau, Howard Lutnick, mentioned that President Trump likely won’t overlook the “negativity” associated with tech billionaire Elon Musk as he steps away from government. Lutnick referred to Musk as Trump’s “best friend” during his administration but noted that Musk’s departure left a lasting impression of negativity. “I think Elon Musk […]
Pentagon considering acquiring stakes in defense contractors: Lutnick
Commerce Secretary Howard Lutnick mentioned on Tuesday that the Trump administration is “considering” acquiring shares in defense contractors. During a segment on CNBC’s “Squallbox,” Andrew Ross Sorkin posed a question: “Why doesn’t the US government say, ‘We use Palantir Services, so we want a share in Palantir? We utilize Boeing Services. We want Boeing’?” Sorkin […]
Lutnick supports Trump’s bid for Intel shares: ‘This is not socialism’
Commerce Secretary Howard Lutnick has responded to Republican backlash over a recent agreement that allows the government to acquire a 10% stake in Intel, a significant player in the shipbuilding industry. This move has been labeled by some as a shift towards socialism and a departure from traditional conservative market principles. Lutnick specifically addressed remarks […]
Commerce Secretary Howard Lutnick cancels ‘unlawful’ $7.4B deal to fund semiconductor research for a nonprofit associated with Biden.
Commerce Secretary Cancels Funding Agreement for Semiconductor Research WASHINGTON – Commerce Secretary Howard Lutnick has terminated the Biden administration’s agreement to distribute substantial funding for semiconductor research via nonprofit organizations, as revealed in a letter obtained by the Post. The 2022 Chips and Science Act allocated $11 billion for semiconductor R&D, which was meant to […]
Commerce Secretary Lutnick states that Intel must provide a government share for CHIPS funding.
Commerce Secretary Confirms Plans for Chip Investment On Tuesday, Commerce Secretary Howard Lutnick announced the government’s intention to acquire 10% of Inter’s shares in exchange for $8 billion in chip law funds that the Biden administration has approved. Lutnick emphasized that this investment would benefit struggling chip manufacturers. “We need to get equity stakes for […]
Administration weighing investment in Intel, says Lutnick
The Trump administration is exploring the idea of acquiring shares in Intel to assist US chip manufacturers facing difficulties, according to Commerce Secretary Howard Lutnick. Lutnick noted that funding for this stock acquisition would come from previously designated funds from the Biden administration. Reports indicate the government might pursue a 10% ownership stake through grants […]
Howard Lutnick Discusses Recent Developments in TikTok Agreement
TikTok’s Future Uncertain Amid Negotiations Commerce Secretary Howard Lutnick appeared on Fox News recently to discuss the ongoing negotiations concerning TikTok and its standing with the US and China. If the sale isn’t approved by China, TikTok faces the possibility of being banned within the US. The deadline for this decision has been extended until […]
Possible extension of US-China tariff freeze anticipated, South Korea keen to finalize trade agreement, Commerce Secretary Howard Lutnick states
Commerce Secretary Howard Lutnick indicated on Monday that the Trump administration is likely to extend the suspension of tariffs on China as trade talks progress, but noted that South Korea is very eager to finalize a deal. In an interview with Brett Beyer on Fox News’ Special Report, Lutnick remarked that while discussions are ongoing, […]
Democrats criticize Lutnick for changing his stance on China and semiconductors
A coalition of House Democrats has criticized the Trump administration’s move to permit the sale of advanced Nvidia computer chips to China. In a letter sent to Lutnick on Sunday, Representatives Raja Krishnamoorthi (D-Ill.) and Gregory Meeks (D-N.Y.) expressed concerns that the administration is using export controls on semiconductors and advanced computing components as strategic […]