The Tiny Magnet Maker that Attracted US$1.6 Billion From Lutnick
3 Articles
3 Articles
Bloomberg: Lutnick And Sons Did Shady Mining Deal
Bloomberg News reports: In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors. The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick an…
The tiny magnet maker that attracted US$1.6 billion from Lutnick
In late January, the week before U.S. Commerce Secretary Howard Lutnick announced a US$1.6 billion government commitment to fund a U.S. magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising US$1.5 billion more for the company from private investors.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
