Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

July 21, 2025 Louise Matsakis, Zoë Schiffer

A subsidiary of Cantor Fitzgerald, which is run by the sons of US commerce secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court.

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EPA Employees Still in the Dark as Agency Dismantles Scientific Research Office
EPA Employees Still in the Dark as Agency Dismantles Scientific Research Office

As the EPA moves to shut down the Office of Research and Development, leadership is unable to answer questi...

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OpenAI's New CEO of Applications Strikes Hyper-Optimistic Tone in First Memo to Staff
OpenAI's New CEO of Applications Strikes Hyper-Optimistic Tone in First Memo to Staff

Soon-to-be former Instacart CEO Fidji Simo sent a memo to OpenAI staff Monday laying out her vision for how...