[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
Donald Trump said Saturday (September 19) he supported a deal in principle that would allow popular video sharing app TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest.
ByteDance was racing to avoid a crackdown on TikTok after the U.S. Commerce Department said on Friday (September 18) it would block new downloads and updates to the app from Sunday (September 20).
U.S. officials had expressed concern that the personal data of as many as 100 million American users were being passed on to the Chinese government.
Trump signed an executive order last month giving ByteDance 90 days to sell TikTok.
The deal announced on Saturday, however, is structured as a partnership rather than a divestment.
"So, everybody will be happy.
It's a severance.
It'll continue to be named TikTok as it was all along.
And that's it.
So, I can say that I have given the deal my blessing.
If they get it done, that's great.
If they don't, that's OK, too.
But, it's a great deal for America and uh - very interesting." Trump said TikTok will be owned by a new company, TikTok Global, and will be headquartered in the United States.
Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data on its cloud to comply with national security requirements.
Retail giant Walmart said it would take a 7.5% stake.
President Donald Trump has dangled a promise to get a weary nation “back tonormal” as he looked to campaign past the political damage of the devastatingcoronavirus pandemic. It was a rose-tinted pitch in sharp contrast toDemocratic rival Joe Biden, who pledged to level with America about the toughdays still ahead after Tuesday’s election.
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[NFA] With four days remaining in the U.S. presidential campaign, more than 9 million people have cast ballots in Texas, eclipsing total turnout from 2016, the Texas secretary of state's office said on Friday. This report produced by Jillian Kitchener.
A grandmother has started a TikTok dance craze to encourage young people topractise social distancing. Margaret Hansard, 78, is staging what she calls a"nantervention" by trying to spread the message that young people who do notfollow the guidelines could be at risk of passing the coronavirus on to theirgrandparents. In the video, posted on her granddaughter Lucy's TikTok account,Mrs Hansard is seen performing actions to the song Supalonely by Benee, whilecaptions read: "I'm staging a Nantervention to get Hertfordshire's grandkidsto socialise safely... And protect your nans!"
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President Donald Trump said on Tuesday he had heard Oracle was very close to a deal over ByteDance's TikTok, even as sources say the Chinese company is seeking to keep majority ownership of the popular video app. Gloria Tso reports
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KFC KFC announced Monday that it's bringing back its fried chicken-scented fireplace log for the third year in a row. Customers can purchase a log for $15.88 on Walmart's website and at select store locations. KFC is known for its wacky marketing tactics and unusual products. With the holiday season fast approaching, KFC is bringing back its chicken-scented firelog for the third year running.
Walmart said it filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions. Conway G. Gittens has more.