In a major development, the White House has revealed a new deal that aims to give American companies oversight of TikTok’s algorithm and establish US control over the app’s operations within the United States. According to Press Secretary Karoline Leavitt, a deal could be finalized in the coming days, although Beijing has yet to formally comment on the agreement. This development follows months of discussions and demands from the US government for Chinese parent company ByteDance to divest its US operations due to national security concerns. Previously, TikTok had been given an ultimatum: sell its US business or face a shutdown in the country. Despite previous delays, President Donald Trump has indicated his approval of the deal, which reportedly involves selling TikTok’s US business to a consortium of American investors. Tech giant Oracle, led by Donald Trump ally Larry Ellison, is set to manage data and privacy for the app’s US users, further cementing American control. The critical element of the deal centers on the algorithm, which dictates the content recommended to TikTok’s vast US user base of 170 million people, a key point of negotiation between the US and China.
U.S. Energy Secretary Pushes Venezuela for Deeper Economic Reforms to Attract Investment
U.S. Energy Secretary Chris Wright arrived in Venezuela on Wednesday, advocating for a significant transformation of the country's energy sector....