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Trump to sign executive order to keep TikTok operating for 75 days, working with China to 'close the deal' [Yahoo! Finance]

Amazon.com, Inc. (AMZN) More Company Research Source: Yahoo! Finance

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In a post on his social media platform Truth Social, Trump said, "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days." Trump's announcement comes amid a flurry of reports that potential buyers ranging from Andreessen Horowitz and Amazon ( AMZN ) to Walmart WMT ) and others are circling as they seek to snatch up the app and its 170 million US users. "We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!)," Trump said. "This proves that Tariffs are the most powerful Economic tool, and very important to our National Security! We do not want TikTok to 'go dark.' We look forward to working with TikTok and China to close th [Read more]

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