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The Latest Breaking News from Commerce

IBM and U.S. Department of Commerce Announce America's First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

WASHINGTON and ARMONK, N.Y., May 21, 2026 /PRNewswire/ -- Today, IBM (NYSE: IBM) and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation's global quantum leadership and fueling the country's growing quantum ecosystem. The CHIPS incentive from…

AAP

Odisha CHSE 12th Toppers List 2026: Check Science, Commerce, Arts & Vocational toppers, pass percentage, best performing districts

Odisha CHSE 12th Toppers List 2026: Odisha Class 12 results are out today, with details on toppers and pass percentages announced at 12:30 PM. Students can check their performance across Science, Commerce, Arts, and Vocational streams on chseodisha.nic.in and results.odisha.gov.in. Last year's results saw girls outperforming boys, a trend that…

The Economic Times

Nippon Steel pledges long-term commitment to Thailand

Nippon Steel has reaffirmed its long-term commitment to Thailand, urging stronger government protection against an influx of substandard steel imports and expressing readiness to further expand investments in the country.

Bangkok Post

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‘Never would’ve dated her if I knew’: Tech mogul has many regrets about his relationship with Ghislaine Maxwell, including a $7.2M break-up bill

Ted Waitt, the billionaire co-founder of Gateway computers, just dropped some serious bombshells about his six-year relationship with Ghislaine Maxwell. In closed-door testimony, Waitt told lawmakers he never would’ve dated Maxwell if he’d known what we all know now. He also admitted to paying her a whopping $7.2 million after…

The Mary Sue

India, UK working on British steel issue to operationalise trade pact: Commerce Secy

India and the United Kingdom are nearing the operationalization of their trade pact. Both nations are collaborating on a unique solution to address recent UK steel safeguard measures. These measures had created a hurdle for the Comprehensive Economic and Trade Agreement. The pact aims to boost bilateral trade significantly by…

The Economic Times

Lutnick Testifies About Relationship With Epstein, Recalls 'Gross' Comment While Touring His Home

Commerce Secretary Howard Lutnick recounted in congressional testimony how a coffee with Jeffrey Epstein ended after a "gross and inappropriate" comment.

International Business Times

When Businesspeople Run Government, the Government Doesn't Become a Business

Central planning from Commerce Secretary Howard Lutnick, President Donald Trump, and others reflects a fundamental misunderstanding of what makes private markets work.

Reason

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US Commerce Secy Howard Lutnick backs away from his Epstein 'blackmail' claim in interview with House committee

Commerce Secretary Howard Lutnick faced questioning from House lawmakers regarding his past interactions with Jeffrey Epstein. Lutnick revised earlier statements about Epstein engaging in blackmail, calling it mere speculation. He downplayed several meetings with Epstein, including a 2005 visit that initially disturbed him and his wife. Democrats criticized Lutnick's testimony…

The Economic Times

Howard Lutnick says he couldn’t remember when he learned Epstein was a sex offender, deposition transcripts show

Trump’s commerce secretary could not recall his decision-making process behind visiting Epstein’s private island in 2012

The Independent UK

Planing 500 delegations, outreach to 1,600 industry chambers to boost FTA utilisation: Piyush Goyal

India is launching ambitious plans to boost its use of free trade agreements. The commerce ministry will send 500 delegations abroad and train 1,000 people. This initiative aims to help Indian businesses increase exports and attract investments. The government is committed to supporting industry growth and achieving export targets.

The Economic Times

Howard Lutnick swore he cut ties with Epstein after one creepy tour. Then files revealed he took his family to the predator’s island

Commerce Secretary Howard Lutnick admitted to visiting Jeffrey Epstein’s private island with his family in 2012, despite previously claiming he cut all ties with the convicted sex offender after a creepy encounter years earlier. The revelation came during a closed-door congressional hearing this week, where Lutnick called the lunch invitation…

The Mary Sue

Trump Cabinet Member Howard Lutnick Confronted on 2012 Epstein Island Lunch and 2015 Fundraiser

Commerce Secretary Howard Lutnick questioned over past interactions with Jeffrey Epstein, including a 2012 island lunch and 2015 fundraiser invitation

International Business Times UK

Trump Would Fire Howard Lutnick If He Saw Epstein Testimony, Democrats Say

Democrats on the House Oversight Committee accused the Commerce Secretary of giving an "embarrassing" and evasive closed-door interview Wednesday about his past contacts with Jeffrey Epstein, with one lawmaker saying President Donald Trump would fire him if he had seen the testimony on video.

Latin Times

Democrats Say Trump 'Would Fire' Howard Lutnick If He Saw His 'Evasive' Testimony Over Epstein Ties

Democrats on the House Oversight Committee accused Commerce Secretary Howard Lutnick of giving an "embarrassing" and "evasive" closed-door interview about his past contacts with Jeffrey Epstein.

International Business Times

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The Independent UK

Trump would fire Howard Lutnick if he watched his Epstein testimony, Democrats say

House Oversight Committee members demand Commerce Secretary’s resignation after ‘evasive’ answers during closed-door interview

The Independent UK

Commerce Secretary Lutnick appears before a House panel to answer for his changing story on Epstein

Commerce Secretary Howard Lutnick is appearing before a House committee investigating sex offender Jeffrey Epstein

The Independent UK

Trump’s commerce secretary Howard Lutnick to be grilled in Congress over connections to Epstein

Official to take questions from House Oversight Committee as it continues wide-ranging investigation into pedophile financier who died in jail in 2019

The Guardian - US

Trump would fire Howard Lutnick if he saw video of his Epstein testimony, say House oversight committee Democrats – as it happened

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International Business Times UK

Lutnick Exposed for Falsely Claiming 70K People Bought Residency Cards for $5M As Nicki Minaj Is Revealed as Sole Buyer

US Commerce Secretary Howard Lutnick admitted under oath to selling only one 'Gold Card' visa, contradicting earlier claims of mass sales

Axios

Trump's missed AI deadlines

Key deadlines set out in President Trump's executive order have passed, with agencies failing to deliver on major steps that were due more than a month ago.

Roll Call

Lutnick urges boost for trade enforcement at BIS

The Commerce Department says it needs additional funds in fiscal 2027 to enforce export controls and prevent the diversion of semiconductors to China and other foreign adversaries. Testifying Thursday before the House Commerce-Justice-Science Appropriations Subcommittee, Commerce Secretary Howard Lutnick said investment in new law enforcement agents at the Bureau of…

Axios

Scoop: GOP called Howard Lutnick to reverse crypto PAC's Texas move

"This was not a smart move."

Reason

Globalization Made Howard Lutnick a Billionaire. Now He's Railing Against It as Trump's Commerce Chief.

Globalization helped make everyone else much richer, too.

Fortune

How Spirit Airlines’ business model collapsed

COVID, a failed merger, and now a spike in jet fuel prices have conspired to make Spirit's finances unworkable.

Roll Call

House satellites licensing bill leaves out Senate compromise

A satellite permitting bill unveiled this week in the House does not include provisions included in a Senate version regarding federal spectrum or a limit on the size of satellite constellations that would automatically win federal approval after expiration of a review deadline. The House Energy and Commerce Subcommittee on Communications…

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