Trump transition live updates: Dr. Oz tapped to run Medicare, Medicaid office

[ad_1] Trump has introduced Howard Lutnick as his commerce secretary choose.

The appointment requires Senate affirmation.

CEO of funding financial institution Cantor Fitzgerald, Lutnick has been serving as co-chair of the Trump Transition staff alongside Trump's former Small Enterprise Administrator Linda McMahon, spending the previous two weeks on the Trump Transition Battle Room he has arrange at Mar-a-Lago recommending and vetting potential candidates for Trump's administration officers.

Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and Co-Chair of the Trump 2024 Transition Crew speaks at a rally for former President and Republican presidential candidate Donald Trump at Madison Sq. Backyard in New York, Oct. 27, 2024.

Angela Weiss/AFP by way of Getty Pictures

Lutnick has often joined Trump on the marketing campaign path and hosted quite a few fundraisers for Trump alongside a number of the main Republican donors like John Paulson, Duke Buchan and Woody Johnson.

The billionaire businessman was additionally vying for the job of treasury secretary, sources stated, competing in opposition to investor and hedge fund supervisor Scott Bessent, who has additionally been thought-about a high contender for the position.

Lutnick's aggressive push to be tapped as Trump's treasury secretary as he spent hours with the president-elect almost every single day as a co-head of the transition staff had annoyed some near Trump, sources stated.

Elon Musk has been a detailed ally of Lutnick, publicly endorsing him for the treasury spot not too long ago and sometimes seen collectively at occasions, together with on the AFPI gala final week.

He had donated $1 million to Trump's inaugural committee in 2017 and most not too long ago donated $5 million to pro-Trump tremendous PAC Make America Nice Once more Inc.

Lutnick has been a vocal advocate for cryptocurrency, talking on the annual Bitcoin Convention in Nashville earlier this yr the place Trump and RFK Jr. additionally spoke.