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National Security

Kimberly Redmond | Equities.com |

An ill-conceived plan for Oracle Corp and Walmart Inc to take over popular video app TikTok’s U.S. operations has been shelved indefinitely while the White House conducts a broader review of potential security risks posed by Chinese tech companies, The Wall Street Journal reported.

During a press briefing Wednesday, White House press secretary Jen Psaki said President Joe Biden’s administration has taken no “proactive” steps related to the proposal and that they are evaluating risks to U.S. data, including any involving TikTok.


AP News | Equities.com |

William Burns, a well-known figure in diplomatic circles around the world, is President-elect Joe Biden’s choice to lead the CIA, a selection likely to be embraced by the rank and file at the nation’s premier spy agency.

A former ambassador to Russia and Jordan, Burns, 64, had a 33-year career at the State Department under both Republican and Democratic presidents. He rose through the ranks of the diplomatic corps to become deputy secretary of state before retiring in 2014 to run the Carnegie Endowment of International Peace.

If confirmed, he would succeed Gina Haspel, the first female CIA director, who guided the agency under President Donald Trump. Trump expressed skepticism about intelligence and frequently disparaged the assessments of U.S. spy agencies, especially about Russia’s interference in the 2016 election to help his campaign.


Reuters | Equities.com |

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings.

The latest move, which is effective Jan. 11, marks the third time in less than a week the Big Board has ruled on the matter. The flip-flopping highlights the confusion over which firms were included in an executive order issued by President Donald Trump in November barring U.S. persons from investing in publicly traded companies Washington deems to be tied to the Chinese military.


Reuters | Equities.com |

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay, the White House said, escalating tensions with Beijing before President-elect Joe Biden takes office this month.

The order, first reported by Reuters, tasks the Commerce Department with defining which transactions will be banned under the directive and targets Tencent Holdings Ltd’s QQ Wallet and WeChat Pay as well.


Reuters | Equities.com |

China will take “necessary measures” to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties, the country’s commerce ministry said on Saturday.

The NYSE said on Thursday that it would delist China Mobile, China Unicom and China Telecom following President Donald Trump’s move in November to bar U.S. investment in 31 firms that Washington says...


Reuters | Equities.com |

The U.S. cybersecurity agency said on Wednesday that a sprawling cyber espionage campaign made public earlier this month is affecting state and local governments, although it released few additional details.

The hacking campaign, which used U.S. tech company SolarWinds as a springboard to penetrate federal government networks, was “impacting enterprise networks across federal, state, and local governments, as well as critical infrastructure entities and other private sector organizations,” the Cybersecurity and Infrastructure Security Agency (CISA) said in a statement posted to its website.