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The Latest Breaking News from Commerce

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

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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

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.

Tom’s Hardware

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.

Euronews

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

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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.

Benzinga

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.

Tom’s Hardware

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.

Benzinga

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.

International Business Times

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.

Benzinga

WATCH: The premiere of The Axios Show featuring Howard Lutnick

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

Axios

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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.

TechRadar

Adobe patches 'most severe' flaw in Magento eCommerce platform

A bug named SessionReaper allows for full account takeover.

Benzinga

After Intel, Nvidia, Trump Administration Eyes Share In University Patents, Says Howard Lutnick: 'How Do We Not Get Our Money Back'

Howard Lutnick, the Commerce Secretary, suggested that the U.S. government might pursue a portion of the proceeds from patents created at leading universities with federal funding.

TechRadar

Commerce without clicks: the infrastructure behind visibility

AI commerce compresses customer journeys, demanding machine-readable brand infrastructure.

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Benzinga

Howard Lutnick Calls H-1B Visa A 'Scam,' Proposes Major Overhaul, Gold Card As Alternatives: 'Going To Change The Green Card'

Commerce Secretary Howard Lutnick has criticized the H-1B visa system that displaces American workers. Lutnick has suggested a new ‘Gold Card’ program as an alternative.

Tom’s Hardware

White House reveals nebulous plans to put government data on the blockchain — 'The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president'

The White House announced plans to put statistics on 'the blockchain' for... reasons.

Benzinga

Commerce Secretary Lutnick: US GDP Statistics To Be Published On Blockchain

U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product (GDP).

Top News

US Considering Equity Stakes In Defense Contractors And More

US government exploring equity stakes in private businesses, focusing on defense contractors and strategic investments. Implications on economy and nationa...

We Got This Covered

Even Marjorie thinks Trump has lost the plot as she breaks with him over his latest anti-MAGA plan

MTG just called out Trump on Chinese students... awkward.

Barchart

Will Trump Take a Stake in Palantir Stock Next?

The U.S. Commerce Secretary says the Trump administration is considering a stake in major defense contractors. Here’s why the government may acquire one in Palantir, and what it will mean for PLTR shares.

Tom’s Hardware

U.S. gov't seizes $7.4 billion semiconductor research fund created under Biden admin, calling it 'illegal' — Lutnick says fund 'served as a semiconductor slush fund that did nothing but line the pockets of Biden loyalists with American tax dollars'

The US Commerce Department of the Trump administration has pulled back billions of dollars in funding for a non-profit aimed at promoting US chip design and fabrication, suggesting that its appointment under the Biden administration somehow made it inappropriate for distributing taxpayer funds.

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