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... McMahon, co-founder and former CEO of the professional wrestling franchise WWE, is the chair of the America First Policy Institute, an organization that has drafted some proposed policies for a possible second Trump administration.

McMahon served as the administrator of the Small Business Administration during most of Trump's 2017-2021 term. Lutnick has emerged as a key money-raising figure for Trump, hosting a $15-million fundraiser for the former president in the Hamptons earlier this month.

It is standard practice for presidential campaigns to assemble a transition effort in the months before an election. But it is not clear how much sway Trump's transition team will ultimately have should he defeat Vice President Kamala Harris, the Democratic candidate, in the Nov. 5 election. ...