tiktok on the clock
A federal judge in Washington, D.C., on Sunday blocked the Trump administration from banning U.S. downloads of TikTok, which is owned by China's ByteDance. The ruling by U.S. District Judge Carl Nichols came hours before the policy was due to take effect. The decision gives ByteDance more time to get the U.S. and China to approve its deal to partner with Oracle and Walmart to form a new company called TikTok Global that would run the short-video app's U.S. operations.
President Trump has preliminarily accepted the arrangement, but it still must get formal approval from the U.S. Committee on Foreign Investment and from the Chinese government. China has sent mixed signals on the deal, with the editor of an influential Communist Party tabloid praising it while Chinese state media called it "dirty and unfair."