Core Points - Oracle will recreate and secure a new version of TikTok's algorithm, with US owners leasing a copy from Bytedance, while Oracle will monitor and operate the algorithm [1] - The deal aims to address national security concerns, but it remains uncertain if it will satisfy the national security law passed by Congress [2] - Bytedance is expected to retain less than a 20% stake in the new TikTok structure, with US investors, including Oracle, holding a majority [3] - Six out of seven board seats will be held by Americans, with the final seat occupied by Bytedance [3] - The deal is part of ongoing trade negotiations with Beijing, potentially facilitating a meeting between President Trump and Chinese President Xi Jinping [4]

Trade Negotiations - South Korea's trade negotiations with the U.S. regarding auto tariffs are ongoing, particularly in light of the recent ICE raid at Hyundai's battery plant in Georgia [1] - A 15% tariff agreement is reportedly in place, but there are differing views on the execution of a $350 billion investment package, which is a key component of the negotiations [3] Visa Issues - South Korea's top trade negotiator emphasized the need for a quick resolution to visa issues affecting South Korean nationals [2] Immigration and Corporate Compliance - Following the ICE raids, South Korean nationals were deported back to South Korea, highlighting the importance of compliance with U.S. immigration laws for foreign companies [4] - President Trump urged foreign companies to respect immigration laws and indicated support for those wishing to bring skilled workers into the U.S. [5] Partnerships and Future Models - General Motors announced a partnership with Hyundai to introduce over five new models, with the first expected to launch in 2028, targeting an annual production of 800,000 units [6] - GM is also collaborating with LG Energy Solutions to produce LFP batteries for the Chevrolet Bolt EV starting in 2027 [7]

Trade Negotiations - The US President signed an executive order to extend China trade negotiations for another 90 days [1] - The extension decision followed negotiations in Sweden between the US Treasury Secretary and Chinese counterparts [2] - A tariff snapback would have occurred if the deadline wasn't extended [3] Potential Commitments - The President was pushing for increased soybean purchases from China [3] - Details regarding commitments, including soybean purchases, are expected to be released shortly [3]

Trade Negotiations - Japan's chief trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick [1] - An Aug 1 deadline for higher tariffs looms [1]