The Senate on Monday evening confirmed Wilbur Ross as commerce secretary on a 72-27 vote. Ross has extensive business relationships around the world, and to comply with an ethics agreement he will divest from the private equity firm he founded in 2000, WL Ross & Co., and drop his position, though not his stake, in shipping company Diamond S. Shipping. Ross, worth about $2.9 billion, also vowed he will not act to benefit any company he has a financial interest in. The Senate has now confirmed 15 of Trump's 22 Cabinet-level picks. Next on the docket is Rep. Ryan Zinke (R-Mont.) for interior secretary.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Democrats seek 2026 inspiration from special election routsIN THE SPOTLIGHT High-profile wins are helping a party demoralized by Trump’s reelection regain momentum
-
Film reviews: ‘Bugonia,’ ‘The Mastermind,’ and ‘Nouvelle Vague’feature A kidnapped CEO might only appear to be human, an amateurish art heist goes sideways, and Jean-Luc Godard’s ‘Breathless’ gets a lively homage
-
‘Not all news is bad’Instant Opinion Opinion, comment and editorials of the day
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
