Perpetua Resources Corp., backed by John Paulson, has partnered with Sunshine Silver Mining & Refining Co. to explore antimony processing opportunities in the U.S. This collaboration aims to address the critical mineral's supply challenges amid China's export ban, potentially fulfilling up to 40% of annual U.S. demand.
Billionaire investor John Paulson, a leading candidate for U.S. Treasury Secretary under President-elect Donald Trump, announced that his "complex financial obligations" will prevent him from accepting a position in the new administration.
Donald Trump plans to narrow his shortlist for Treasury Secretary this week, favoring candidates with Wall Street experience. Potential nominees include Howard Lutnick, CEO of Cantor Fitzgerald, hedge-fund billionaire John Paulson, former Soros manager Scott Bessent, and Virginia Governor Glenn Youngkin, a former Carlyle Group executive.
Prominent investors Scott Bessent and John Paulson are emerging as the top candidates for the position of U.S. Treasury Secretary following Donald Trump's election victory. This information comes from a donor and two individuals close to the president-elect.
Donald Trump has informally discussed the possibility of appointing billionaire hedge fund manager John Paulson as Treasury Secretary if he wins the presidency again in 2024, according to Bloomberg. Paulson, whose net worth is estimated at $3.8 billion, previously served as a top economic adviser during Trump's 2016 campaign. No official decisions regarding the cabinet have been made yet.
Elon Musk and hedge fund manager John Paulson advocate for significant U.S. budget cuts, proposing a $2 trillion reduction if Trump is re-elected. However, historical precedents of "shock therapy" in other nations show that such drastic measures often lead to economic turmoil and social unrest. A more measured approach, like the Simpson-Bowles plan, could provide thoughtful solutions to address the nation's budget deficits and entitlement program funding.
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