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  • 2 months ago
At a cabinet meeting in the White House on Tuesday, Secretary of Commerce Howard Lutnick discussed a patent letter he penned to Harvard University.

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00:00Patents. We have given tens if not hundreds of billions of dollars to universities for them to do research and they invent things.
00:10And you know who owns those patents? The universities.
00:14So we are going to make a deal with them all, which is if we give them the money, don't you think it's fair that the United States of America and the taxpayers who funded it get a piece of that?
00:27Right. So we wrote a letter to Harvard. So Linda and I working together. I mean, it's so much fun to work with everybody here.
00:34I mean, we just have a blast, you know, because Linda's hitting Harvard and she says, what can we do?
00:40And now we send them a patent letter and we'll hit them again. So we're having fun together.
00:46This is the greatest cabinet working for the greatest president. And I just want to say thank you.
00:52I'm having the time of my life working for you, Mr. President.
00:56Thank you. That was very well said. It was things people don't think of too much.
01:03Thank you very much. Great job. Pete.
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