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Senators Probe $1.6B Deal Amid Conflict Concerns

2/27/2026

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Story summary
  • Senators Elizabeth Warren, Ron Wyden, and Chris Van Hollen question a $1.6 billion deal between USA Rare Earth and Cantor Fitzgerald.
  • They cite potential benefits to Lutnick’s family, since his sons now lead Cantor Fitzgerald.
  • The senators asked Lutnick for more information to ensure investments are free from conflicts.
  • The deal is a significant investment by President Donald Trump’s administration in Oklahoma.