Trump says Oracle 'very close' to TikTok deal

Trump says Oracle 'very close' to TikTok deal”

The White House, claiming that TikTok's owner poses a security threat because Chinese tech companies can't be trusted not to spy on Americans, issued an executive order threatening to "ban" the app by September 30 unless ByteDance gives up the goods to a USA firm.

"There's also a commitment to create TikTok Global as a US -headquartered company with 20,000 new jobs", Treasury Secretary Steven Mnuchin said on Monday in an interview with CNBC, adding that Oracle will be the trusted technology partner.

The US government is now evaluating a proposal from ByteDance and Oracle created to resolve the Trump administration's national security concerns about TikTok.

'They are willing to make a big payment to the government and we are not allowed to take their money?

Trump said he was stunned to learn that the Treasury could not receive any payment in exchange for the U.S. signing off on the deal.

Trump also said last month that proceeds from the deal should go to the USA government for making the deal possible.

Some CFIUS experts said the deal's approval would signal a major departure from the traditional national security reviews of deals driven by US civil servants. "They're giving me studies on the deal". That hasn't been told to me yet. He also praised Oracle CEO Larry Ellison, saying holds "high respect" for him and adding, "He's somebody I know, he's been really a terrific guy for a long time". It could be accurate reporting for a change.

More news: Ori and the Will of the Wisps Out on Nintendo Switch Today

While details of the agreement between Oracle and China's ByteDance Ltd. remain under wraps, Kushner expressed optimism that it would clear the administration's key hurdles. "Assuming that ByteDance is China which I think it probably is", Trump said. In order to allay USA concerns about "national security", TikTok's US data will be stored in the US, and Oracle will serve as the data service provider, the sources said. Treasury Secretary Steven Mnuchin said on Monday that ByteDance has also offered to create 20,000 with TikTok.

A report this week from the Financial Times suggested that the proposal could see ByteDance retaining a majority stake in the embattled social media app.

It is unclear whether Trump will approve ByteDance's proposal, the sources said, requesting anonymity because the deliberations are confidential. Thom Tillis (R-NC), Roger Wicker (R-MS), Dan Sullivan (R-AK), John Cornyn (R-TX), and fellow Florida Republican Rick Scott.

However, Trump may not want to alienate 100 million-odd American TikTok users weeks before a hotly-contested presidential election.

Trump has also said he is a fan of Oracle's co-founder and Chairman Larry Ellison, one of few tech executives to openly support him. Trump told reporters at the White House that before approving the deal, he would like to ensure that there is no compromise on national security and that the US Treasury gets a large chunk of the business transactions. ByteDance's proposal, however, does not envision paying any such fee.

China also got involved in the process last month, updating its export control rules to give it a say over the transfer of technology, such as TikTok's recommendation algorithm, to a foreign buyer.

Like this



18 September 2020
Dillian Whyte vs Alexander Povetkin 2 Goes Down On November 21st
He tweeted: "fight news drops tomorrow walking straight back into the fire I want all the smoke let's go baby". I will be ready to enter the ring on November 21. "He was able to use his experience against me".

18 September 2020
Minnesota Sees Jump in COVID-19 Cases, 932 New Cases Reported
The county also reported 325 new cases of the virus on Wednesday, bringing the total there to 30,046. According to a press release, there are 46 confirmed active cases and two current hospitalizations.

18 September 2020
WNBA's Maya Moore Marries Man She Helped Free From Wrongful Conviction
At the time , he was serving a 50-year sentence after being convicted of burglary and assault as a teenager in 1998. A judge ruled in March that prosecutors suppressed critical fingerprint evidence that strengthened Irons' defence.

18 September 2020
Netflix Review: Enola Holmes
The disappearance of their mother prompts Enola to escape from her boarding school, and embark on a solo adventure to find her. The lead character will not be caught in the original Sir Arthur Conan Doyle's series of Sherlock Holmes .

18 September 2020
Taylor Swift Is Finally Making A Comeback To The Country Stage
Lambert's vocals seemed to fill up the space in the tiny songwriters' club surrounded by tables and chairs, but no fans. Taylor Swift attends the 55th Academy of Country Music Awards at the Grand Ole Opry in Nashville, Tennessee.

18 September 2020
Most Vikings WEREN’T blond after all: New Danish research debunks popular myth
A female skeleton, "Kata", found at a Viking burial site in Sweden. "Being a Viking was a culture that different people embraced". Early Viking Age raiding parties were an activity for locals and included close family members.

18 September 2020
Sony Teased God Of War Sequel
With the PS5 Showcase underway, director Cory Barlog and Sony Santa Monica have something to say; Ragnarok is coming. There hasn't been an official title yet, such as God of War: Ragnarok or something similar.

18 September 2020
COVID-19 vaccine for U.S. public likely available in 2021
Other experts say a scientifically credible vaccine will not be available until early 2021. Trump, who is trailing in pre-election polling, has mocked Biden for wearing a mask.

18 September 2020
High court rules in favour of policyholders in insurance test case
You can see the full details of the judgement here and below is a statement from the FCA. It is possible that the judgment will be appealed.

18 September 2020
Biggie's crown sells for $595,000 at hip-hop auction
The auction house has said it was the first auction staged by an global house anywhere devoted entirely to hip-hop. On Tuesday, Sotheby's ended up conducting its first-ever auction dedicated to coveted hip-hop items.