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U.S. Treasury Secretary frustrated by Commerce Department's inaction on Nvidia chips
U.S. Treasury Secretary Scott Bessent said Friday he was frustrated with the Commerce Department's delay in placing restrictions on Nvidia chip export...
Nov 13, 2026 · StaffOriginally on Wedgetail
Bessent knocks Lutnick on Megaspeed
Lutnick, who’d initially competed for Bessent’s job, agreed this week to testify before Congress following the news of former Nvidia CEO Jensen Huang’...
Nov 13, 2026 · StaffOriginally on Wedgetail
CFTC Chief Calls for Aluminum Pricing Reforms After Costs Soar
The Commodity Futures Trading Commission is examining how prices are set for aluminum, which surged to a record in the US this year and boosted costs ...
Nov 13, 2026 · StaffOriginally on Wedgetail
How Nvidia’s Jensen Huang – and Trump – jumped the guardrails
Inside the lobbying muscle that helped Nvidia shape US government’s export controls.
Nov 13, 2026 · StaffOriginally on Wedgetail
Bessent blames US Commerce Department for not restricting Nvidia chip exports to China
US Treasury Secretary Scott Bessent on Friday blamed the Commerce Department, led by Howard Lutnick, for delaying the blacklisting of Megaspeed, an Nv...
Nov 13, 2026 · StaffOriginally on Wedgetail
Jensen Huang was a ‘China salesman’ for Nvidia. His exit is weighing on Chinese tech stocks.
The former Nvidia CEO was an ‘influential voice’ for selling chips to Chinese companies, but now investors are preparing for more restrictions, expert...
Nov 13, 2026 · StaffOriginally on Wedgetail
Trump to rule on tariffs for Australian lamb after trade commissioners disagree
A US trade panel reviewing lamb imports is unable to agree on whether Australian meat imports have hurt the American industry, leaving Donald Trump to...
Nov 13, 2026 · StaffOriginally on Wedgetail
France seizes Ukrainian oligarch Zhevago's $40 million Paris mansion in embezzlement investigation
The property was seized on Nov. 9 as part of an investigation into the alleged embezzlement of $113 million from Ukraine's now-defunct Finance and Cre...
Nov 13, 2026 · StaffOriginally on Wedgetail
Nvidia scandal fallout widens as Trump's treasury secretary blames cabinet colleague
Scott Bessent suggests Howard Lutnick’s commerce department failed to ban exports of Nvidia's chips to a firm thought to have links with China.
Nov 13, 2026 · StaffOriginally on Wedgetail
Brookfield Consortium Progresses to Next Round of Uniper Sale
A consortium of Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board are among companies advancing to the second round of the sal...
Nov 13, 2026 · StaffOriginally on Wedgetail
What Jensen Huang’s Fall Means for U.S.-China Relations
The Nvidia scandal could upend a fragile consensus in Washington.
Nov 13, 2026 · StaffOriginally on Wedgetail
Washington’s efforts to block Beijing’s access to Nvidia chips could spark a ‘short-lived U.S.-China trade war’ that rattles markets
Meanwhile, top officials from Nvidia and the Commerce Department face a series of congressional hearings next month.
Nov 13, 2026 · StaffOriginally on Wedgetail