Billionaire financier Howard Lutnick, President Donald Trump's choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days. “I will divest, I will sell all of my interests,

Howard Lutnick, chairman and CEO of investment firms Cantor Fitzgerald and BGC Group, told the U.S. Senate Committee on Commerce, Science and Transportation that he would divest “all of my interests, my business interests, all of my assets, everything.”

The Commerce Secretary nominee called the law “necessary and important,” but stopped short of committing to honor the billions of dollars in finalized grant contracts.

Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

This is a collection of photos chosen by AP photo editors.

Howard William Lutnick, nominated by President Trump as commerce secretary, stated that there is no link between tariffs and inflation, citing India and China as examples. He emphasized the need for fair treatment of the US in global trade,

The billionaire Wall Street CEO fielded questions about tariffs, China's AI progress, broadband access, allegiance to Trump and the revival of American mining and semiconductor production.

Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.

Finance Minister Dominic LeBlanc sent a video of Canada's border security efforts to the man U.S. President Donald Trump has chosen to oversee his tariff agenda — part of Canada's pitch to avoid devastating duties that could come as soon as Saturday.

Mexico's president on Wednesday said her nation is in dialogue with the White House and was confident that the 25% tariff isn't imminent.

A massive cyberattack targeting China’s AI start-up DeepSeek originated from US IP addresses, according to a report.