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0.000490677134445612 0.000490677134445612 -0.0039254170755642 0 -0.0122669283611384 -0.0137389597644749 -0.0176643768400392 -0.0189499509322865
Stock impact report

Democrat senators press Commerce Secretary Lutnick on conflict of interest concerns in USA Rare Earth deal [CNBC]

USA Rare Earth, Inc. (USAR) 
Company Research Source: CNBC
Cantor brokered a fundraising round that USA Rare Earth needed to secure funding from the Commerce Department. Commerce Secretary Howard Lutnick's sons now lead Cantor. Lutnick has divested himself from the firm. In this article U.S. Senator Elizabeth Warren (D-MA) speaks as U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on U.S. President Donald Trump's trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025. Kevin Mohatt | Reuters EMBARGOED UNTIL 6 AM ET Democratic senators flagged conflict of interest concerns over the involvement of Commerce Secretary Howard Lutnick's former firm Cantor Fitzgerald in a deal with critical minerals startup USA Rare Earth. Senators Elizabeth Warren of Massachusetts, Chris Van Hollen of Maryland, and Ron Wyden of Oregon, the top Democrat on the Finance Committee, said in a letter obtained by CNBC that the deal raises questions about whether Lutnick's immediate family members ma Show less Read more
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