Oracle stock rises as US, China agree to preliminary TikTok deal

Oracle (ORCL) stock edged up 1.5% on Tuesday after media outlets reported the software giant would be part of the US and China's preliminary TikTok deal. Treasury Secretary Scott Bessent said at a press conference Monday that the two countries agreed on a framework for a TikTok deal during high-stakes trade talks in Madrid. Trump and Chinese President Xi Jinping are set to speak on Friday to "complete" the agreement. A US buyer for TikTok has not been officially named. The Wall Street Journal said Tuesda ...