President Trump nominated Howard Lutnick, co-chair of his transition team and CEO of Cantor Fitzgerald, to be secretary of commerce. Mr. Lutnick had previously been in a strong race to become Treasury Secretary, but now he is competing with Key Square Group founder Scott Bessent, Apollo Global Management CEO Mark Rowan, and former CEO Mark Rowan. Federal Reserve Chairman Kevin Warsh and others appear to be the frontrunners.
