PANews reported on April 7 that Bill Ackman, a well-known hedge fund manager, posted on the X platform that U.S. Commerce Secretary (former Cantor Fitzgerald CEO) Howard Lutnick and his company held long positions in U.S. debt and were therefore "indifferent" to the market and economic decline because they could profit from it. Ackman criticized his nomination as Commerce Secretary as an "irreconcilable conflict of interest" and believed that his position might be driven by corporate interests.