Trump Adds 100% China Tariff
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After more than a year of negotiations, the US and China are nearing an agreement to hive off the US operations of social media platform TikTok to a consortium that includes software giant Oracle Corp.
Technology company Oracle is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal is finalized, sources say.
ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States,
Kingston International College announced a new collaboration with Oracle (China) Software Systems Co., Ltd and key partners, aimed at developing a clear and effective program for nurturing AI professionals.
TikTok might not finalize its deal to sell its US operations for at least another month. Sources tell CNBC’s David Faber that the US and China might close on an agreement within the next 30 to 45 days, while Oracle will remain the app’s cloud partner, allowing it to continue routing US user data on American servers.
The question is whether the megadeal system is sustainable. When capital leads the revolution, corrections can be brutal—but also clear the field for the durable players.
A senior official in President Donald Trump’s administration says Oracle will receive a copy of TikTok's algorithm to operate for U.S. users
With Donald Trump expected to sign a deal that will keep TikTok operating in the U.S., many have speculated who might benefit the most if/when this takes place. Among the biggest potential winners is Oracle (ORCL),