World & BusinessCommerce Department and Cantor Fitzgerald reportedly bet on USA Rare Earth’s unproven assets
Bloomberg reports that Howard Lutnick’s Commerce Department and Cantor Fitzgerald, the firm he used to run, placed big bets on the magnet maker.
TLDR
Bloomberg reports that magnet maker USA Rare Earth attracted $1.6 billion from Howard Lutnick. The outlet says his Commerce Department and Cantor Fitzgerald, which he previously ran, placed big bets on the company’s unproven assets.
Commerce Department and Cantor Fitzgerald reportedly bet on USA Rare Earth’s unproven assets
Bloomberg reports that Howard Lutnick’s Commerce Department and Cantor Fitzgerald, the firm he used to run, placed big bets on the magnet maker.
TLDR
Bloomberg reports that magnet maker USA Rare Earth attracted $1.6 billion from Howard Lutnick. The outlet says his Commerce Department and Cantor Fitzgerald, which he previously ran, placed big bets on the company’s unproven assets.