Lutnick Suggests Looking at Defense Sector After Intel Deal

The US Commerce Secretary, Howard Lutnick, has suggested that the government is considering acquiring stakes in companies across various industries, including the defense sector, following the unorthodox deal where the US obtained a 10% share in the chipmaker Intel Corp. This announcement comes after the government's unusual move to take a stake in Intel, a leading technology company. The government's interest in acquiring stakes in companies, particularly in the defense sector, suggests a broader strategy to exert more influence and control over key industries deemed vital to national security and economic interests. The article does not provide additional details about the specific reasons or motivations behind the government's potential investments in the defense sector or other industries. However, the comments from the Commerce Secretary indicate a shift in the government's approach to shaping the business landscape and potentially exercising greater oversight over strategic industries.