Bessent puts pressure on Megaspeed on Lutnick: “Trading with the pen”
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Bessent puts pressure on Megaspeed on Lutnick: “Trading with the pen”

Eleon
By Eleon
November 13, 2026 1 Min Read
Comments Off on Bessent puts pressure on Megaspeed on Lutnick: “Trading with the pen”
  • The Singapore tech company was accused of illegally diverting U.S. chips to China, and former Nvidia CEO Jensen Huang admitted to having an affair with a company executive.

  • The United States identified the woman, Alice Huang, as a suspected Chinese intelligence agent.

Driving the news: “Treasury, War, USTR and State – they were in favor of putting Megaspeed on the Entity List for months, but Commerce has the pen,” Bessent said on CNBC Friday morning.

  • “You have to ask them about their internal processes,” he added.
  • The Commerce Department did not immediately respond to Axios’ request for comment.

Editor’s note: This is a breaking news story and will be updated.

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