Trump Proposes US Sovereign Wealth Fund for TikTok Rescue

Reported about 8 hours ago

Donald Trump suggested that a new US sovereign wealth fund could aid in rescuing TikTok from a ban, proposing the US could take a 50% stake in the platform. He has previously discussed ways for TikTok's Chinese parent, ByteDance, to divest while exploring partnerships with wealthy investors. Trump emphasized the urgency in deciding TikTok's fate soon, amidst potential interest from figures like Elon Musk and Larry Ellison.

Source: YAHOO

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