Plus, Ken Leech charged, European gas premium, and the FT’s best books of 2024
Business and financial interests will be hard to disentangle from government in new administration, critics charge
Plus, Brookfield drops deal for Spanish healthcare group Grifols and Sequoia Capital’s spun-off China unit hunts for global deals
Donald Trump’s Treasury secretary pick shorted vulnerable assets in 2022 to capitalise on post-pandemic inflation
US bond yields drop as hedge fund manager nominated for top economic position
The next president’s choice as Treasury secretary may find a way to place Maga economic policy in a co-operative international framework
Scott Bessent prevailed after a fierce battle for influence inside the president-elect’s court
Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs
Nomination of hedge fund investor follows tumultuous fight for the top US economic post
Plus, Chinese ambassador to the US struggles to connect with president-elect’s inner circle
Wall Street factions fight for top economic post in president-elect’s cabinet
President-elect’s top economic appointment has kicked off fierce lobbying among loyalists
Tesla boss publicly lobbies Trump to choose Cantor Fitzgerald boss over Scott Bessent in key economic role
Top Trump fundraiser Scott Bessent canvasses for deputies
Potential Treasury secretary also insists former president’s threats of large tariffs are bargaining positions
Two Canadian pension funds are not divesting from their carbon-heavy investments
Scott Bessent’s Key Square backed with $2bn cheque from former employer
Billionaire investor makes $2bn allocation to Key Square Group
