Deals
Icahn Quits White House Role After Conflict-of-Interest Questions
- Billionaire disputes ‘insinuations’ from critics over his role
- Trump had designated him as special adviser on regulation
Carl Icahn announced that he has ceased to act as a special advisor to President Donald Trump on issues relating to regulatory reform. Bloomberg's Craig Gordon reports on 'Bloomberg Technology.' (Source: Bloomberg)
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Carl Icahn’s role as a special regulatory adviser to President Donald Trump has ended after questions were raised by Democratic lawmakers about potential conflicts of interest with his business dealings in oil refining and insurance.
In a letter to Trump addressing his departure that was posted Friday on Icahn’s website, the billionaire investor denied profiting from his advice-giving role -- a possibility raised by critics who had asked administration officials to investigate his work.