Howard Lutnick expected to become Trump's commerce secretary after Treasury bid

Howard Lutnick is expected to become Donald Trump's new commerce secretary, according to reports. Lutnick, a billionaire and long-time Trump supporter, had initially sought the position of Treasury secretary but faced competition from other candidates. Lutnick, who co-chaired Trump's transition team, was backed by notable figures like Elon Musk. He is the CEO of Cantor Fitzgerald and gained prominence after the 2001 World Trade Center attack, which claimed many of his employees. His appointment for commerce comes after Lutnick outpaced other contenders, including Robert Lighthizer and Linda McMahon. McMahon, who co-chaired the transition with Lutnick, was reportedly frustrated by the decision.