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The Latest Breaking News from Commerce

Can Congress find a path on government 'jawboning' limits? - Roll Call

Both parties say they want to rein in federal pressure on social platforms, but writing a new law could prove difficult to achieve.

Roll Call

According to Donald Trump’s math, Big Pharma will soon be paying you to take their meds

Donald Trump is back on his favorite hobby of making outrageous claims. This week, he announced he’s slashing prescription drug prices by “400, 500, and even 600 percent.” That basically means pharmacies will hand you pills for free and Venmo you $20 for your trouble.

The Mary Sue

Secretary of Commerce gets schooled on basic maths after Donald Trump’s impossible claim about drug prices

Donald Trump and his cabinet really are that dumb.

We Got This Covered

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read the most diverse news in one place.

Senators press FCC's Carr in wake of Kimmel controversy - Roll Call

Senate Commerce Committee Democrats pushed Carr over comments that appeared to threaten local TV affiliates' licenses.

Roll Call

France sues AliExpress and Joom over illegal child-like sex dolls

France will take online marketplaces AliExpress and Joom to court for selling child-like sex dolls, Commerce Minister Serge Papin announced on Wednesday. The move comes as Shein faces separate legal action for offering similar products.

Radio France Internationale

US Commerce Department Pushes Q3 GDP Estimate To Just Before Christmas, Stirring Political Jabs

The U.S. Department of Commerce has delayed the release of the initial third-quarter gross domestic product (GDP) estimate to just before Christmas, as federal agencies race to clear a backlog of critical economic reports created by the recent government shutdown.

Benzinga

Aficionados fret as Trump moves to make pasta great again

The U.S. Commerce Department has launched an antidumping review targeting Italian pasta, claiming it’s sold below market prices

The Independent UK

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Trump administration and private investors sign off on $1.4 billion deal with rare earth startups

The Trump administration and private investors are partnering with two rare earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that is crucial for producing an array of high-tech goods and military equipment

The Independent UK

This Company Makes 65 Percent of the Wi-Fi Routers in U.S. Homes. The Government Wants To Ban Them.

Just like with TikTok, lawmakers may soon ban a popular consumer product over fears of what it could potentially be used for.

Reason

TP-Link routers face potential U.S. ban over alleged China-related national security concerns — company "vigorously disputes" Department of Commerce's findings

Already under intense scrutiny for alleged ties to China, TP-Link, a now-U.S.-based and operated company is on the verge of being banned. In a new proposal concocted by the Department of Commerce, and backed by the Department of Justice, Defense and Homeland Security, TP-Link routers might no longer be allowed…

Tom’s Hardware

Tech execs give qualified backing to 'jawboning' legislation - Roll Call

Google, Meta officials said they for now support Senate Commerce Chair Ted Cruz's plan for a bill that would target social media censorship.

Roll Call

Democrats blast Trump’s decision to export US-made guns, saying they can wind up in hands of terrorists

Opposition slams administration for removing restrictions on firearms exports, calling move ‘a gift to violent cartels and drug traffickers’

The Independent UK

China, US 'Can Find Ways To Resolve Concerns' As Negotiators Set To Meet

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

International Business Times

Hundreds of Adobe Magento stores hit after critical security flaw found - here's what we know

Adobe patches a deserialization vulnerability in Magento and Commerce.

TechRadar

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Tom’s Hardware

Trump administration to follow up Intel stake with investment in quantum computing, report claims — tens of millions of CHIPS Act dollars could be paid out to leading companies in exchange for equity

The U.S. government is in talks to take equity stakes in major quantum computing startups in exchange for at least $10 million each in funding from the Commerce Department.

Euronews

European Commission calls for no escalation with China over rare earths

In a tense context for European companies, European Commissioner for Trade Maroš Šefčovič held a phone call on Tuesday with his Chinese counterpart Commerce Minister Wang Wentao over rare earth export restrictions.

Benzinga

Nvidia CEO Jensen Huang Reportedly Frustrated As Trump's Commerce Secretary Slows UAE Chips Deal Over China Link

A multibillion-dollar deal for Nvidia Corporation (NASDAQ:NVDA) to supply advanced AI chips to the UAE has been stalled for months, reportedly frustrating CEO Jensen Huang as U.S. Commerce Secretary Howard Lutnick pushes Abu Dhabi to finalize investments before shipments proceed.

Benzinga

Trump And Lutnick Demand: Half Of America's Chips Must Be Made At Home—Or Else

President Donald Trump and Commerce Secretary Howard Lutnick have placed a bold demand on the global semiconductor industry: half of all chips used in America must be manufactured in America.

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Tom’s Hardware

US Commerce head notes China 'isn't even shy' about its goal to 'take' Taiwan, says US-Taiwan tariff deal coming soon — goal is to have 40% of chips made in America

Commerce Secretary Howard Lutnick said Saturday that a major semiconductor deal with Taiwan was coming “pretty soon,” signaling a potential breakthrough in U.S. efforts to shore up domestic chip production.

Benzinga

Trump Halts US Steel Plant Closure Using 'Golden Share' Authority: Report

President Donald Trump has exercised his administration’s “golden share” authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois.

International Business Times

White House Says $100,000 H-1B Visa Fee To Be One-time Payment

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

Benzinga

Howard Lutnick Says Elon Musk Got DOGE 'Backward,' Focused On Firing Instead Of Cutting Government Waste

On Friday, Commerce Secretary Howard Lutnick criticized Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's leadership of the Department of Government Efficiency or DOGE, saying the billionaire prioritized firing workers over slashing waste, fraud and abuse, undermining the initiative's original mission.

Benzinga

US, Japan To Share Profits From $550 Billion Tariff Deal Until Investment Is Recovered, Says Lutnick

Howard Lutnick, the Commerce Secretary, has announced that the U.S. will share the profits from projects funded by Japan through the new tariff deal.

Axios

WATCH: The premiere of The Axios Show featuring Howard Lutnick

Commerce Secretary Howard Lutnick joins Axios for the first episode of The Axios Show.

We Got This Covered

‘You know what we get? Zero’: Trump wants half the profits from university patents funded by taxpayers

Trump wants a cut of university patents... because apparently taxpayers own science now.

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