Remember That TikTok Ban? This Week's Deadline Brings Talk of a Deal

The Trump administration is working on a deal with China to determine TikTok's fate, which could be finalized by the end of this week, according to reports citing Treasury Secretary Scott Bessent.

On Tuesday, the Wall Street Journal reported that US and Chinese teams this week discussed a plan in which TikTok's US operations would be controlled by an investor consortium that includes software giant Oracle. US users would move to a new app that TikTok is testing and that would recreate content-recommendation algorithms for the app. The Journal noted that details of the deal have yet to be finalized and could be subject to change.