Congress Aims at Venture Capital: Curbing Chinese Competition 10/19/23

Co-founder of Silver Lake, co-chair of Brookings, and chairman of North Island Glenn Hutchins discusses the geopolitics at play in the Israel-Hamas War, including what’s at stake for global actors at the Saudi Arabia Investors Conference next week. He also shares his reasoning on why so far, the conflict has had little impact on the markets. The House Select Committee on the Chinese Communist Party has sent letters to American venture capital firms including Sequoia, asking them to list investments in groups developing AI, machine learning, chips and quantum that are based or have “significant operations” in China. Rep. Raja Krishnamoorthi (D-Il.) and Rep. Mike Gallagher (R-Wi.) discuss their efforts to curb competition from China, and they share their hopes of bipartisanship in the ongoing race for Speaker. Plus, Wall Street awaits commentary from Fed Chair Jay Powell. 

 

Mike Gallagher - 12:10

Raja Krishnamoorthi - 12:10

Glenn Hutchins - 20:29

 

In this episode:

Mike Gallagher, @RepGallagher

Raja Krishnamoorthi, @CongressmanRaja

Michael Santoli, @michaelsantoli

Steve Liesman, @steveliesman

Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie