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Its the latest deal under Rich Fairbank, a rare founder-CEO of a major U.S. bank, who acquired rival card firm Discover Financial last year.
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TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years.
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It remains unclear whether the aircraft would get the full Air Force One security upgrades, which industry experts said could take up to two years to complete.
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