Skip to main content

TikTok's US fate reportedly rests on a brawl between two senior White House advisers

* The confused messages from the Trump administration about the fate of ByteDance-owned TikTok may stem from a disagreement between two senior White House advisers. * According to The Washington Post, trade adviser Peter Navarro pushed for an outright ban of TikTok, while Treasury Secretary Steve Mnuchin wanted a sale. * The pair ended up in a "shouting match" in front of President Donald Trump in the Oval Office in late July, according to the report. * President Trump has told TikTok, whose parent company is Chinese, that it must sell its US business to an American tech firm or investors, or face a ban from mid-September. * Visit Business Insider's homepage for more stories. Donald Trump's top advisers reportedly can't agree on what should happen to TikTok, whose fate in the US currently hangs in the balance. According to a Washington Post report, citing anonymous witnesses, Treasury Secretary Steven Mnuchin and trade adviser Peter Navarro had a "shouting match" in front of President Trump in the Oval Office in late July over the short video app's future. Navarro reportedly pushed for a full ban on TikTok, which is owned by Chinese startup ByteDance, and accused Mnuchin of being too gentle on China. Mnuchin wanted TikTok's business to be sold to Microsoft or another US bidder — he has already held talks with Microsoft, the report said. This "knockdown" brawl may partially explain some of the confused messages from the Trump administration on TikTok over the last month. The administration signaled in July that it might ban the app. However, news emerged at the beginning of August that Microsoft might buy parts of TikTok's business, sealing the app off from its Chinese owners. On the same day, Trump said that he would ban TikTok altogether. Microsoft then said it had held talks with Trump and would continue discussions with TikTok. Trump upped the pressure again, issuing an executive order on August 7 that banned US individuals or companies from doing business with TikTok's parent firm ByteDance. The order takes effect on September 20, effectively giving ByteDance a deadline to negotiate with Microsoft or other bidders. It isn't clear that Microsoft will successfully acquire TikTok's business. Other bidders reportedly interested include existing ByteDance backer Sequoia Capital and Twitter. TikTok, meanwhile, has threatened to sue the US over the executive order, saying the Trump administration had directly interfered with negotiations between private businesses. Join the conversation about this story » NOW WATCH: Why YETI coolers are so expensive
https://bit.ly/3ijvUnM

Popular posts from this blog

TikTok confirms it will sue the US government, alleging Trump failed to provide 'due process' before issuing ban

* TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump's executive orders targeting the popular app. * A company spokesperson said TikTok experienced "a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses." * TikTok, which has surged in popularity over the past year, was known as Musical.ly until it was purchased by the Chinese company ByteDance in 2017 and renamed. * The president on August 6 and August 14 signed executive orders targeting TikTok.  * Visit Business Insider's homepage for more stories. TikTok on Saturday announced it plans to sue the US government over President Donald Trump's executive orders pertaining to its ownership, arguing the company was deprived of its due process rights. The president, who began targeting TikTok in July, issued an executive order August 6 making it illegal for American compani...
Read more

A full breakdown of what channels you get with every Sling TV package, plus all the add-ons

  * Sling is one of the most affordable cord-cutting services on the market, offering two packages —  Orange and Blue — with 30+ channels starting at $30 a month or combined for $45 a month. * Orange offers the Disney Channel and ESPN, while Blue offers a slate of Fox channels, NBC, Bravo, and Discovery. Both Orange and Blue offer CNN, TBS, Food Network, and BBC America. * You can also add on multi-channel packages, like Sports Extras, Kids Extras, or News Extras, starting at $5 a month. Premium add-ons, like Showtime, Starz, and Epix, are also available for an additional monthly charge.  * If you're new to Sling TV, you can receive a free 14-day trial for a limited time. * Here's a complete breakdown of the channels offered on each Sling package.    If you're hoping to get the most bang for your buck once you cut the cord with your cable subscription, Sling is one of the most affordable live streaming services on the market.  The service has two packages with ...
Read more

The $136,000 Maserati Levante GTS is a drool-worthy preview of what Ferrari's SUV could be like (FCAU)

* I tested a 2020 Maserati Levante GTS SUV that with thousands in options stickered at approximately $136,000. * The Maserati Levante GTS has a 550-horsepower, twin-turbocharged V8 engine, plus a gorgeous red interior. * The Levante GTS is beautiful, powerful, and fast. That puts it near the top of the luxury, high-performance SUV segment. * But competition is coming — and the Levante is a great preview of what Ferrari may put on the road in the next few years. * Visit Business Insider's homepage for more stories. Let's say you want a Ferrari, but you hail from a strange region where nobody is taught the lore of Maranello sports cars. An SUV is just your style, you decide. So you swing by your friendly neighborhood prancing horse dealership one day and ask if you can look at a couple of utes.  The dealer would thank you for your interest and slip you the business card of a colleague who represents Maserati, which since 2016 has been selling the Ferrari of SUVS, right dow...
Read more