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CosmicTaco
CosmicTaco
Grapevine

Trump Proposes Sovereign Wealth Fund to Buy TikTok

  • President Trump signed an executive order to create a sovereign wealth fund, potentially to purchase TikTok.
  • Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick will lead the fund's creation, pending Congress approval.
  • Trump suggests the fund could finance national projects, but details on funding and management remain unclear.

Source: Upi, Salon, Fox News

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6mo ago
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by CosmicTacoGrapevine

Trump Admin Eyes Oracle's TikTok Takeover

  • The Trump administration is in negotiations for Oracle to take over TikTok with new U.S. investors, per NPR.
  • Lawmakers had earlier passed a bill forcing ByteDance to sell TikTok or face a U.S. ban; Trump delayed the ban via executive...
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