In 1992, Bessent helped Soros pull off the firm’s greatest trade: shorting the British pound. The British government was part ...

President-elect Donald Trump’s pick for Treasury secretary operates a hedge fund that reaped a massive windfall two years ago ...

The Treasury and Labor officials will work with HHS officials on everything from drug costs to surprise billing.

They could affect the pharmacy benefit manager wars and patients' surprise bills, but their current focus is on other topics.

The president-elect’s market-friendly appointments to Treasury and other agencies brought relief to investors. The trade ...

Matt Gaetz has withdrawn from consideration as attorney general and was replaced by Pam Bondi, as Trump names RFK Jr., Pete ...

Bessent (pictured), who campaigned for Trump's election and was a donor to his campaign, has expertise on making the right ...

Taken together, these developments point to a hedge fund industry that is poised to wield unprecedented influence during Trump’s tenure. Whether through key appointments, campaign contributions, or ...

Donald Trump has nominated gay billionaire hedge fund executive Scott Bessent as his Secretary of the Treasury ...

Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...