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flag Scott Bessent, Trump's pick for Treasury Secretary, plans to divest his $700M assets to avoid conflicts.

flag Scott Bessent, a billionaire and Trump's pick for Treasury Secretary, plans to divest from his funds and investments to avoid conflicts of interest. flag Bessent, who previously worked for liberal investor George Soros and is now a key Trump adviser, has assets over $700 million. flag He will divest and shut down his investment firm before his Senate confirmation hearing to ensure he can focus on Trump's economic agenda without conflicts.

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