President Donald Trump's nominee for secretary of Commerce, billionaire Howard Lutnick, said he will sell all of his business interests within 90 days if he is confirmed.

Scott Bessent will lead President Donald Trump's financial agenda as treasury secretary. Bessent, a billionaire hedge fund manager, was confirmed in a 68 to 29 U.S. Senate vote on Monday and sworn in on Tuesday.

Dan Loeb, who runs hedge fund Third Point, on Wednesday urged Soho House directors to run a “fair” sales process and consider other potential bidders after the hospitality group received a take-private offer late last year.

Dan Loeb and his activist hedge fund Third Point are questioning a bid backed by fellow billionaire Ron Burkle to take the club private.

Loeb and his hedge fund Third Point have challenged billionaire Ron Burkle over the future of members-only club chain Soho House & Co. by questioning a proposed $1.7 billion take-private plan. Third Point revealed in a filing Wednesday that it had taken a 9.