Tagged: Export-Import Bank

Why would a billionaire energy trader-turned-philanthropist throw his foundation's dough behind a new think tank that wants to challenge scientific assumptions about obesity?

John Arnold, 38, whose move from Enron to a spectacularly successful hedge fund got him on the list of wealthiest Americans, isn't crazy about talking to the press. But certainly his decision with his wife Laura to back a newly launched operation called the Nutrition Science Initiative, or NuSI, is an intriguing one.

President Obama has signed bipartisan legislation that allows the bank to continue financing U.S. exports through 2014. Mr. Obama said the move will help thousands of businesses sell their products and services oversees and create jobs at home.