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Gov. Gina Raimondo. Photo: Paul Morigi/Getty Images for Fortune/Time Inc.

Rhode Island Gov. Gina Raimondo has emerged as a leading candidate to be President-elect Joe Biden's commerce secretary, according to people familiar with the matter.

Why it matters: Raimondo, a Rhodes scholar who co-founded a venture capital firm in Rhode Island earlier in her career, has prioritized good relationships with the business community, the target audience of commerce.

  • Nonetheless, Raimondo has also clashed with unions as she worked to reform Rhode Island’s public employee pension plans.
  • She also served as a national co-chair for Mike Bloomberg’s presidential campaign, endorsing Biden only after the former New York mayor dropped out.
  • A Biden transition official declined to comment.

The big picture: Biden had been considering a prominent CEO or a Republican to lead the Commerce Department.

  • In considering Raimondo, he appears to be moving to a more traditional choice.
  • Raimondo, 49, and former chair of the Democratic Governor’s Association, is seen as a rising star in her party.

The intrigue: Raimondo also was under consideration to serve as secretary of health and human services, a job that eventually went to California Attorney General Xavier Becerra.

  • In early December, she appeared to take herself out of the running by saying during a press conference, “I am not going to be President-elect Biden’s nominee for HHS secretary.”

Go deeper

Jan 19, 2021 - Health

Biden's pick for key health role could be first transgender official confirmed by Senate

Photo: Bonnie Jo Mount/The Washington Post via Getty Images

President-elect Joe Biden has nominated Pennsylvania Health Secretary Rachel Levine to serve as assistant secretary for health at the Department of Health and Human Services, the transition team announced Tuesday.

Why it matters: Levine would make history as the first openly transgender federal official to be confirmed by the U.S. Senate. Biden has pledged to assemble the most diverse Cabinet in U.S. history in order to reflect the country's demographics.

3 mins ago - Technology

Facebook refers Trump ban to independent Oversight Board for review

Photo: Alex Edelman/AFP via Getty Images

Facebook is referring its decision to indefinitely suspend former President Trump to its independent Oversight Board.

Why it matters: While Trump critics largely praised the company's decision to remove the then-president's account for potential incitement of violence, many world leaders and free speech advocates pushed back on the decision, arguing it sets a dangerous precedent for free speech moving forward.

Biden plans to keep Christopher Wray as FBI director

FBI Director Christopher Wray at a virtual DOJ news briefing on Oct. 28. Photo: Sarah Silbiger/pool/AFP via Getty Images

President Biden plans to keep Christopher Wray as director of the FBI, CNN first reported and an administration official confirmed to Axios.

The big picture: Wray, who was nominated by former President Trump in 2017 after he fired former FBI Director James Comey, came under heavy criticism from Trump and his allies over the past year.