In late January, the week before Commerce Secretary Howard Lutnick announced a $1. 6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1. 5 billion more for the company from private inves...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-09-25/the-tiny-magnet-maker-that-attracted-1-6b-from-lutnick-video)