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Axios
Axios

Exclusive: U.S. should take a chunk of universities' patent revenue, Lutnick says

After taking a stake in Intel and a cut of Nvidia's chip sales in China, the U.S. government may next target a share of the money generated by patents developed at major universities using federal funding, Commerce Secretary Howard Lutnick tells Mike Allen in the premiere episode of "The Axios Show."

Why it matters: The Trump administration, which has been pushing deeper into control over — and profit from — the private sector, now aims to do the same in academia, capturing potentially tens or hundreds of billions of dollars in future upside from the work of university scientists.

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