Icahn tapped as Trump's special adviser on regulatory issues

Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called "excessive regulation" on U.S. businesses, the president-elect's transition team announced on Wednesday. Icahn will serve as a special adviser, not a federal employee, and he will not have any specific duties, Trump's team said in a statement. Icahn has been helping the Trump team weigh candidates to be the next chairman of the Securities and Exchange Commission, people familiar with the issue said.