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Murdoch’s TikTok? Trump offers allies another lever of media control
Under the known terms of the deal with China, TikTok would get a new board, including Murdochs and Ellisons Donald Trump revealed last week the US and China are close to inking a deal to let TikTok continue operating in the US. Details are not final, but should the agreement go through as has been…
Murdoch, Ellison and China: what we know about the US’s TikTok deal
TikTok’s future in the US has been in limbo for over year, but the Trump administration has signaled a deal is coming For a week, the White House has signaled that a deal to transfer ownership of TikTok to a US company is forthcoming. Donald Trump is expected to sign an executive order this week…
Trump says Rupert and Lachlan Murdoch likely part of US TikTok deal
US president tells Fox News ‘a man named Lachlan is involved … that’s a very unusual name, Lachlan Murdoch’ Rupert Murdoch and his son Lachlan Murdoch will probably be involved in the effort to buy TikTok in the US, Donald Trump said in an interview on Sunday. The president was asked about the status of…
Nvidia to invest $5bn in Intel after Trump administration’s 10% stake
Deal gives Intel a lifeline as firms team up on AI datacenters and PC chips after Trump stake sparks market surge Nvidia, the world’s leading chipmaker, has announced plans to invest $5bn in Intel and collaborate with the struggling semiconductor company on products. A month after the Trump administration confirmed it had taken a 10%…
Trump celebrates TikTok deal as Beijing suggests US app would use China’s algorithm
Comments from Chinese official in Madrid have raised questions over who could control the algorithm that powers Tik Tok’s video feed Donald Trump has claimed his administration has reached a deal with China to keep TikTok operating in the US, amid uncertainty over what shape the final agreement will take, with suggestions from the Chinese…
Larry Ellison: Oracle co-founder who overtook Musk as world’s richest person
Tycoon who briefly surpassed Elon Musk is a friend of Trump, owner of Hawaii island and father of man who took over CBS Larry Ellison, the co-founder of software company Oracle, is having a good year. His friend Donald Trump is in the White House, his son David Ellison has taken over the storied media…
Trump fortune balloons by billions after family firm’s crypto token starts trading
World Liberty Financial’s digital token $WLFI fell in price on first day, a year after launch by Trump family and partners The Trump family’s cryptocurrency venture, World Liberty Financial, put its namesake digital tokens up for sale on Monday, adding some $5bn in paper value to Donald Trump’s family fortune. The token, known as $WLFI,…
Trump threatens tariffs on countries that ‘discriminate’ against US tech
President’s move could hit UK’s digital services tax and measures in EU states such as France, Italy and Spain Business live – latest updates Donald Trump has threatened to impose tariffs and export restrictions on countries whose taxes, legislation and regulations target US big tech companies such as Google, Meta, Amazon and Apple. In a…
Trump says Intel has agreed to give US government a 10% stake
Unprecedented deal comes after president demanded CEO Lip-Bu Tan to resign over his ties to Chinese firms The US government has taken an unprecedented 10% stake in Intel under a deal with the struggling chipmaker and is planning more such moves, according to Donald Trump and the commerce secretary, Howard Lutnick, the latest extraordinary intervention…