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TikTok could become a standalone company under Oracle deal

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

The video app TikTok could become a standalone company under a deal with Oracle to retain its access to the US market. The US government is currently considering the proposal, which would see TikTok's current Chinese owners ByteDance remain a majority shareholder in the new enterprise, while Oracle would take a minority stake. President Donald Trump has set a deadline of this Sunday to resolve the issue. Also today, why Washington isn't worried about censure from the World Trade Organization over its China tariffs.