1. The United States and China have agreed on a deal for TikTok, as stated by Treasury Secretary Scott Bessent on CBS’ Face the Nation. This is expected to be finalized on Thursday in Korea between the two leaders.
2. Under this deal, TikTok's U.S. operations will be under a new board of directors, with Oracle taking responsibility for security operations. Other investors in this joint venture include Fox Corp (Fox News), Andreessen Horowitz, and Silver Lake Management.
3. In addition to the TikTok deal, American and Chinese trade negotiators have also reached a framework for an agreement over tariffs and other trade issues. Discussions included topics such as rare earth minerals, which are critical for semiconductor and tech product manufacturing.