News Summary

• President Trump is expected to issue an executive order later this week that declares that the terms of the deal meet the security concerns laid out by the law.
• The proposal is aimed at resolving a long-running effort to wrest TikTok’s U.S. operations from its Beijing-based parent company, ByteDance.
• China still needs to sign off on the framework proposal, and any final deal would still require regulatory approval.
• For now, the two sides are progressing on a framework deal that calls for a consortium of investors, including Oracle and Silver Lake.