Reported about 6 hours ago
Oracle's stock surged over 3% after the US and China reached a preliminary agreement concerning TikTok during trade discussions in Madrid. Treasury Secretary Scott Bessent announced a framework for the deal, which is set to be finalized in a conversation between Trump and Xi Jinping. Although no specific buyer was mentioned, Oracle has become a leading candidate to take over TikTok amidst a deadline for a US divestiture looming on September 17.
Source: YAHOO