EconomyBessent says Treasury favored limits on Megaspeed

Treasury Secretary Scott Bessent said on Friday that his department had favored placing Singapore-based cloud computing firm Megaspeed on the U.S. entity list for months, while leaving action to the Commerce Department. He added that the FTC could potentially take other measures.

U.S. TreasuryMegaspeedentity listcloud computing

People in this report Scott Bessent

RReuters★★★☆☆2026-11-13 14:35Original