The U.S. Commerce Department is set to acquire a significant equity stake in a privately held start-up, marking an unusual financial move involving government investment. The company in question has secured financing from a relative of the president’s son-in-law, raising questions about potential conflicts of interest and the role of political connections in private-sector funding. Officials have not yet clarified the terms of the deal or the broader implications for regulatory oversight. The transaction highlights ongoing scrutiny over how business ventures tied to administration figures are evaluated by federal agencies.
Commerce department to take $175mn equity stake in start-up that is financed by brother of the president’s son-in-law
