TRUMP APPROVES TIKTOK DEAL THROUGH EXECUTIVE ORDER, VANCE SAYS BUSINESS VALUED AT $14 BILLION

Summary from the TLDR newsletter

President Donald Trump signed an executive order yesterday approving a proposal that could keep TikTok alive in the US. The deal would involve creating a new joint-venture company that will oversee TikTok's US business. China has yet to approve the terms. No representatives from ByteDance were present at the signing, and the company has not acknowledged that a transaction is taking place. There is no indication that the Chinese government has made changes to laws that would be necessary for a deal to take place.