Reported about 5 hours ago
President Donald Trump has signed an executive order to initiate the creation of a U.S. sovereign wealth fund, potentially allowing the government to acquire a 50% stake in TikTok amidst ongoing negotiations for an American buyer. This fund, aimed at generating profits from investments in assets like TikTok, seeks to emulate similar funds from other nations. The administration plans to develop the fund within a year, with Congressional approval needed.
Source: YAHOO