TRUMP EXPECTED TO SIGN A TIKTOK DEAL THURSDAY

Summary from the TLDR newsletter

President Donald Trump is expected to sign a deal today to facilitate the sale of TikTok from ByteDance to a group of American investors. ByteDance will hold less than 20% of the stock in the new company. Data from users will be stored in the US and overseen by cloud computing company Oracle. Oracle's co-founder Larry Ellison, CEO of Dell Technologies Michael Dell, and the Murdoch family will play a role in the deal.