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GOP Rep. Lawler opposes ‘permanent firings’ as Trump admin threatens mass layoffs
NBC News· 2025-09-25 22:30
TikTok & National Security - Congress aimed to force ByteDance to divest TikTok due to national security concerns regarding the algorithm's potential misuse by ByteDance and the CCP [2][3] - A US-led consortium controlling TikTok's algorithm is considered critical for national security [2] - The President's negotiation with President Xi regarding TikTok potentially meets Congress's intent to force ByteDance to divest [4] Government Shutdown & Continuing Resolution (CR) - A clean CR (Continuing Resolution) was passed in the House to keep the government open [6] - Democrats are urged to support the clean CR in the Senate to avoid a government shutdown [7] - The focus should be on final appropriations package negotiations, with the clean CR serving to maintain government funding [8] - Passing a clean CR is presented as a simple solution to avoid firing federal workers and other consequences of a government shutdown [10]
Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says
Fortune· 2025-09-25 22:19
Core Points - An executive order was signed by President Trump to facilitate a deal for TikTok to be operated by American entities, with significant involvement from billionaire allies [1][2] - The ownership structure is still being finalized, with Oracle and its co-founder Larry Ellison expected to play a major role in managing TikTok, as they have already stored much of its U.S. data [2][3] - Rupert Murdoch and Michael Dell are also involved in the deal, with Murdoch's stake potentially allowing access to younger audiences [3][4] - The agreement is said to give Americans control over TikTok's algorithm, which influences the content seen by over 170 million U.S. users, with a valuation of TikTok's U.S. assets pegged at $14 billion [5][6] - The deal is linked to Trump's broader trade agenda, with implications for national security and political discourse in the U.S. [6][7] - The upcoming APEC Summit in South Korea is expected to provide a platform for further discussions between Trump and Xi regarding the deal [7] Company Involvement - Oracle is positioned to manage TikTok due to its existing infrastructure for U.S. data storage [2] - Rupert Murdoch's involvement may help diversify his media empire's reach into digital platforms [4] - Michael Dell's participation indicates a strong interest from tech industry leaders in the deal [3] Industry Implications - The control over TikTok's algorithm raises questions about content moderation and political influence in social media [5][6] - The deal reflects a growing trend of U.S. companies seeking to gain control over foreign-owned tech platforms amid national security concerns [6][7] - The potential for TikTok to be operated by American entities could reshape the competitive landscape of social media in the U.S. [5][6]
How the new TikTok deal will impact national security and personal user data
NBC News· 2025-09-25 22:06
Do we know if this deal will address those concerns. We'll keep, for instance, our data and our our information safe. Here's what the administration has said at this point.A senior White House official has explained that the way that the algorithm is going to work is that they're saying that China has essentially agreed to export a copy. That's a big concession by the way on the Chinese part. If that comes to be what we see happen, that algorithm will be trained, retrained with US user data.An algorithm is ...
Trump approves TikTok deal through executive order, Vance says business valued at $14 billion
CNBC Television· 2025-09-25 21:35
John, the president just signed an executive order attesting that the new Tik Tok deal that's being contemplated here does comply with US law and satisfies national security concerns. But as he was discussing the deal, we got a couple of new details about what's envisioned here, including a new total valuation that the vice president gave in the Oval Office just a short time ago. Take a listen.>> Uh the company will be valued around $14 billion. We actually think this is a good deal for investors, but ultim ...
TikTok Deal Tracker: Trump Expected To Sign Deal Today—As Oracle Among Main Investors (Updating)
Forbes· 2025-09-25 19:00
ToplinePresident Donald Trump is expected to sign an executive order on Thursday to finalize a deal between the U.S. and TikTok’s Chinese leadership, according to multiple reports, likely placing the social media app in the hands of a trio or more of the world’s wealthiest—and all major Trump supporters. The White House has said a deal is expected to be signed with China “in the coming days,” as multiple Trump-supporting billionaires—Larry Ellison, Marc Andreessen, Lachlan Murdoch—may be involved.Anadolu vi ...
Russia Takes Risk of Jets Being Shot Down, Dutch PM Schoof Says
Bloomberg Television· 2025-09-25 15:33
I want to start by asking you about a topic that's really dominated the conversation here at the U.N., the recent violations of NATO's airspace. President Trump says that NATO's allies should shoot down Russian aircraft if it happens again. Do you agree with that assessment.Well, the Russians should be aware that there's a possibility. I mean, if they enter NATO's airspace, this affiliation, it's a it's a big violation. But, of course, we will take care in a way that we think is appropriate, like we did wit ...
President Trump expected to sign TikTok deal on Thursday
CNBC Television· 2025-09-24 20:51
I want to shift gears though because we're getting reports here in the US that President Trump could be signing a deal to facilitate the sale of Tik Tok as soon as tomorrow. What are you hearing on the China side. Well, on the China side, I think um I'd be curious to hear what the reaction is from the US national security uh community because it's very unclear to me as to whether or not bite dance or um the uh Chinese government would uh be completely out of this deal because unless bite dance is completely ...
Trump admin considers government stake in lithium mining company
Yahoo Finance· 2025-09-24 18:33
Core Viewpoint - Lithium Americas' stock experienced a significant increase following reports that the Trump administration is seeking a stake in the company, which is involved in industries critical to national security [1]. Group 1: Stake and Negotiations - Lithium Americas has agreed to allow the Trump administration to acquire a stake of less than 10% as part of renegotiations for a $2.26 billion Department of Energy (DOE) loan initiated during the Biden administration [2]. - General Motors (GM), which holds a 38% stake in Lithium Americas, is involved in ongoing negotiations regarding the U.S. government's potential share in the company [2][10]. Group 2: Project Development - The company is developing the Thacker Pass project in Humboldt County, Nevada, which is recognized as the largest known measured lithium resource and reserve globally [3]. - The Thacker Pass project aims to achieve a production goal of 40,000 tons per year of battery-quality lithium carbonate, essential for electric vehicle (EV) batteries [3]. Group 3: Loan Restructuring - Lithium Americas is negotiating with the DOE to restructure the existing loan, seeking to delay the first payments to later years while ensuring that the DOE's stake reflects the interests of American taxpayers [5]. - The company has communicated the status of these negotiations with both the DOE and GM, focusing on conditions related to the loan draw and potential amendments [7][8].
X @Bloomberg
Bloomberg· 2025-09-24 14:16
Suspected Chinese hackers are behind an ongoing cyber-espionage campaign against US technology companies and legal firms, stealing national security secrets often while remaining undetected, according to Google https://t.co/bVZrVgu0TH ...
MP Materials CEO on U.S. government deal: We can truly solve the rare earths magnetics crisis
CNBC Television· 2025-09-24 12:27
Shares of US rare earth producer MP Materials more than doubled since the company inked a deal with the US government back in July. You can take a look at this right now. As part of that agreement, the Department of Defense became the company's largest shareholder. Joining us now in an exclusive interview is MP Materials chairman and CEO Jim Latinski. It's good morning. Thank you, Andrew. Good morning. Um it's fascinating because you were actually one of the early examples of a situation where the governmen ...