Axios reports Bessent confronted Lutnick over Megaspeed; Commerce reportedly denies it

Treasury Secretary Scott Bessent challenged Commerce Secretary Howard Lutnick in the Situation Room over why Nvidia customer Megaspeed hadn't been blacklisted, sources told Axios. The outlet says Megaspeed is accused of illegally diverting U.S. chips to China and reports that Lutnick said he'd “look into it.” Techmeme's summary says Commerce denies the confrontation.