Summary

Commerce Secretary Howard Lutnick is under fire by critics asking whether his ties to Chinese companies and friendship with Nvidia's ousted CEO Jensen Huang contributed to the federal agency's lack of oversight over billions in Nvidia AI chip sales, CBS has learned. Before President Trump nominated Lutnick to lead the Commerce Department, Lutnick was the chairman and CEO of Cantor Fitzgerald, a New York investment bank which held about $1.2 billion in Nvidia stock at the time.

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