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Trump says new US sovereign wealth fund could play role in TikTok rescue

News Snapshot:

Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban. The president had previously floated the idea of the US taking a 50% stake in the social media platform as part of any deal negotiated with TikTok's Chinese parent ByteDance, which has to divest itself of TikTok for it to escape a US ban. On his second day in office Trump told reporters that "what I’m thinking about saying to somebody is, buy it, and give half to the United States of America….

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