{
  "id": 19858472,
  "title": "Scott Bessent says Treasury wanted to blacklist Megaspeed ‘for months,’ blaming Howard Lutnick as Nvidia fallout widens: ‘Commerce has the pen’",
  "url": "https://urgent.news/2026/11/13/scott-bessent-says-treasury-wanted-to-blacklist-megaspeed-for-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T19:42:32.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/11/13/scott-bessent-treasury-blacklist-megaspeed-howard-lutnick-nvidia-jensen-huang/"
  },
  "original_language": "en",
  "account": "Treasury Secretary Scott Bessent revealed that Commerce placed the blame on Howard Lutnick for not blacklisting Megaspeed, the cloud computing company implicated in Nvidia CEO Jensen Huang's alleged affair with a suspected Chinese spy. Bessent stated that Treasury, War, USTR, and State were all in favor of placing Megaspeed on the entity list, but ultimately, it was Commerce's decision. Megaspeed is currently under investigation by the Justice Department for alleged export control violations, with the company shipping $7.5 billion worth of Nvidia chips to China over two years. Lutnick is facing intense scrutiny for allegedly reversing efforts to hold Megaspeed accountable for potential violations. Bessent confronted Lutnick in the Situation Room following the midterm elections over the decision not to blacklist Megaspeed. Republican and Democratic lawmakers are pushing for Lutnick to answer for his actions in front of Congress.",
  "summary": "Bessent said the Treasury, Defense, and State Departments were all in favor of placing trade restrictions on Megaspeed, but only Commerce had the power to do so.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}