Donald Trump has appointed Howard Lutnick, the CEO of Cantor Fitzgerald and co-chair of his transition team, as the commerce secretary. Lutnick had previously been vying for the position of treasury secretary, but it now seems likely to go to Scott Bessent, the founder of Key Square Group, Mark Rowan, the CEO of Apollo Global Management, or Kevin Warsh, a former Federal Reserve governor, who are all top contenders.
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