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Benzinga
Benzinga
Business
Mohd Haider

Howard Lutnick's Push For Government Ownership In Intel, Defense Giants Sparks Wall Street Concern

Howard Lutnick INTC Intel Corporation Lockheed Martin Lockheed Martin Corp
Washington,,January,29,2025:,Howard,Lutnick,,Nominee,For,Secretary

Commerce Secretary Howard Lutnick is creating an “investment accelerator” within his department, targeting major corporations, including Intel Corp. (NASDAQ:INTC) and Lockheed Martin Corp. (NYSE:LMT).

According to The New York Times report, the fund, led by former Morgan Stanley (NYSE:MS) banker Michael Grimes, aims to secure government equity stakes in exchange for federal support.

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