Trump Establishes U.S. Sovereign Wealth Fund with Potential TikTok Acquisition in Mind
In a significant move, Donald Trump has signed an executive order to create the first-ever U.S. sovereign wealth fund, which he claims could play a crucial role in the potential acquisition of TikTok. The fund may prioritize investments in key technology sectors and could include purchasing stakes in TikTok amid growing concerns over its ownership. Trump confirmed that Microsoft is currently in negotiations to buy TikTok, and he expressed hopes for a competitive bidding process involving other potential buyers, including Oracle. This initiative has garnered attention as Trump positions the fund as a strategy to safeguard American interests in popular digital platforms.
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