Oracle Stock Surges on Reported TikTok Deal Involvement

Anna Moneymaker / Getty Images Oracle co-founder Larry Ellison was briefly the richest person in the world after his company’s shares surged earlier this month KEY TAKEAWAYS Oracle shares are surging in premarket trading Tuesday on a report that the software firm is among a consortium of companies that would let Chinese-owned TikTok to continue operating in the U.S.—if a “framework deal" between Beijing and Washington is finalized. TikTok is facing a ban in the U.S. around its Chinese ownership. Acco ...