The news: The Trump administration stated Monday that a TikTok sale deal has finally been reached with China after months of uncertainty, allowing TikTok to remain operational in the US.

• US Treasury Secretary Scott Bessent claimed that an initial framework has been agreed on, calling it “fair for the Chinese and completely respect[ing] US national security concerns.” President Trump is set to speak with Chinese president Xi Jinping on Friday to cement the deal.
• While specific details have not been disclosed, Oracle’s Larry Ellison is likely to be among any buyers, long considered a frontrunner in the TikTok deal.