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Yahoo BusinessSep 20, 2020
Oracle Boosts Cloud Ambitions With Help From TikTok and Trump
(Bloomberg) -- Oracle Corp.'s deal to attain a 12.5% stake in TikTok Global and provide computing services to the video-sharing app furthers the software maker's years-long plan to become a cloud computing heavyweight.Executive Chairman Larry Ellison leaned on his company's close ties to the Trump administration to land the partnership with the newly formed company, which will help fulfill an ambitious strategy outlined with fanfare half a decade ago to become a credible cloud rival to Inc. and Microsoft Corp.Retailer Walmart Inc. will buy as much as 7.5% of TikTok Global, which will be headquartered in the U.S. and pursue a public listing in less than a year, the companies announced Saturday in a statement.While other Silicon Valley giants have kept U.S. President Donald Trump at arm's length, Oracle has embraced him, which may have helped the company gain preliminary U.S. approval for the deal. Ellison spoke directly with the president Friday, two days after Trump said that he "conceptually" didn't like the TikTok proposal, which would leave computer code and ownership mostly in the hands of its Chinese parent Bytedance Ltd.There's little to indicate the investment structure of the deal has dramatically changed since then, but Trump nonetheless gave his blessing Saturday. The deal does call for the addition of 25,000 jobs, the creation of a $5 billion education fund, a mostly U.S. led board and several precautions aimed at safeguarding the data of American users.There are very few leader

Chicago Tribune Business NewsSep 20, 2020
Judge delays Trump administration's restrictions on messaging app WeChat
In a ruling dated Saturday, a judge in California said the government's actions would affect users' First Amendment rights as an effective ban on the app removes their platform for communication.

Google Business NewsSep 20, 2020
WeChat: Judge blocks US attempts to ban downloads of Chinese app - BBC News
WeChat: Judge blocks US attempts to ban downloads of Chinese app  BBC NewsTrump says he has approved a deal for purchase of TikTok  CNNJudge halts Trump administration order banning WeChat from Apple and Google app stores  CNBCTrump's TikTok Drama Was Just Another Empty Threat  BloombergTrump Wants to Cripple TikTok and WeChat. Why?  The New York Times

Wall Street Journal US BusinessSep 20, 2020
WeChat Ban Blocked by Federal Judge in Ruling Against Trump Administration
A federal judge temporarily blocked the Trump administration's executive order curbing Americans' use of WeChat, agreeing with free-speech arguments raised by users of the popular Chinese-owned messaging and e-commerce app.

Trump administration insists UN sanctions on Iran are restored. No, they're not, says United Nations - USA TODAY (Google Business News)
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