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The Latest Breaking News from Howard Lutnick

Elon Musk's Two-Word Response, Trump Administration's Patent Share, Palantir CEO's China Warning And More: This Week In Politics

It’s been an eventful week, with some of the most influential figures in the business world making headlines. Here’s a quick recap of the top political stories you might have missed.

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

Exclusive: Musk got DOGE's mission "backward," Lutnick says

DOGE's savings are a fraction of what was promised, and many dispute even those numbers.

Axios

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Tether launches U.S. stablecoin, appoints former Trump crypto guru Bo Hines as CEO of American expansion

Tether tapped crypto bank Anchorage Digital and its longtime partner Cantor Fitzgerald to issue the token.

Fortune

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

Exclusive: Lutnick says Trump will force drugmakers to lower prices

Trump's efforts include reshaping drug prices through threats and public shaming.

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.

Axios

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Lutnick Hints At Fannie Mae, Freddie Mac IPO In 2025 To Show The 'Mark To Market' Worth To American Taxpayers—'Largest IPO In History'

Commerce Secretary Howard Lutnick suggested that the U.S. government is considering a public offering for Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) “sooner” than people think.

Benzinga

Exclusive: Lutnick moves goalposts on Trump's ownership of economy: "end of this year"

As the numbers have gotten worse, Trump officials have pointed to later windows to "own" the economy.

Axios

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

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).

Benzinga

‘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.

We Got This Covered

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

The administration wants to capture potentially tens or hundreds of billions of dollars in future upside from the work of scientists.

Axios

Donald Trump’s top favorites – trusted to safeguard U.S.’ future – are bickering 4th graders throwing punches and lame comebacks

The adults are definitely in charge when your top officials are screaming "I'll punch your face" over appetizers.

We Got This Covered

There’s no more denying it – Trump risks a recession on his watch

ANALYSIS: Trump returned to the White House promising a better economy. But every sector has taken a huge beating as Americans feel the effect of his tariffs, Eric Garcia writes

The Independent UK

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The Guardian - US

Revisions and rising unemployment: what to know about the US jobs report

August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned

Benzinga

US-Japan On Brink Of A Deal To Slash Trump Tariffs On Automakers: Report

The United States and Japan are reportedly nearing a deal to reduce tariffs on Japanese car imports. The agreement is expected to be formalized within two weeks of a U.S. presidential executive order.

The Independent UK

What next for Trump’s tariffs after president warned US would be ‘destroyed’ if they don’t go ahead

Donald Trump furious after U.S. Court of Appeals agrees that justification for levy on imports, his signature trade policy, amounts to executive overreach

Barchart

As Trump Zeroes In on Defense Stocks, Here’s 1 Top Company to Watch

After Intel, the Trump administration is turning its head towards defense stocks for ownership stakes, and this company remains a prime candidate.

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Al Jazeera

How Trump’s newfound love for Chinese students is drawing MAGA backlash

Trump said he would allow Chinese students into US universities, months after administration announced visa revocations.

Benzinga

Cynthia Lummis Says Publishing US GDP Data On Blockchain Is A 'Historic Move' — Thanks Trump, Lutnick For Leadership

Cryptocurrency supporters hailed on Thursday the U.S. government's move to post GDP numbers on several blockchain platforms.

Fortune

Nvidia’s China-based rival posts 4,300% revenue jump as chipmaker’s earnings reported no H20 chip sales to the country

The sales surge reflects Beijing’s push for local players amid geopolitical tensions.

Reason

Federal Funding for Universities Comes With Strings. Now Trump Is Pulling Them.

The potential nationalization and forced revenue sharing of university patents makes a strong case for the separation of economy and state.

International Business Times UK

Ron DeSantis Blasts H-1B as a 'Scam,' Accuses Big Firms of Dumping Americans for Cheaper Foreign Labour

Florida Gov. Ron DeSantis has called the H-1B visa program a 'total scam', alleging that companies use it to replace American workers with cheaper foreign labor. His comments come amid a broader discussion on US immigration and workforce policies.

Benzinga

Lockheed Martin Faces Investor Class Action Over $3.3 Billion Losses As Securities Fraud Probe Heats Up Ahead Of Deadline

Law firm Faruqi Faruqi LLP is investigating potential claims against Lockheed Martin Corp. (NYSE:LMT) as investors face a September 26 deadline to seek lead plaintiff status in a federal securities class action.

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.

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