Bill Ackman "Admits Mistake": Lutnick did not pursue his own interests

Hedge fund mogul Bill Ackman stated on social media: "My criticism of Lutnick was unfair. I don't think he is pursuing his own interests." Ackman had blasted Lutnick yesterday, claiming that the latter profited by shorting America. He said: "After our country and president have made great economic progress, what I consider to be a major policy mistake has occurred, and now we are facing risks due to tariffs, which makes me very frustrated." Previously, the director of the U.S. National Economic Council Hassett suggested that Ackman should soften his rhetoric on tariffs: "I urge everyone, especially Bill, to tone down their language a bit."