Monday

13-10-2025 Vol 19

Commerce Secretary Howard Lutnick voids ‘illegal’ $7.4B payment to Biden ally-staffed nonprofit for semiconductor research

“Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–Natcast–to administer taxpayer funds,” Lutnick wrote in an Aug. 25 letter to Natcast CEO Deirdre Hanford.

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