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National Security

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ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump’s preliminary blessing of the deal.

So who will own TikTok now? Depends who you ask

China’s ByteDance was racing to avoid a crackdown on its popular short-...


AP News | Equities.com |

Adam Schiff was in the audience at the 2018 Aspen Security Forum when a Microsoft executive mentioned an attempted hacking of three politicians up for reelection. It was the first that Schiff, then the top Democrat on the House Intelligence Committee, had ever heard of it.

Schiff said he thought it was “odd” that Congress hadn’t been briefed. He got in touch with high-ranking officials in the intelligence agencies, and they ...


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A judge has approved a request from a group of U.S. WeChat users to delay looming federal government restrictions that could effectively make the popular app nearly impossible to use.

In a ruling dated Saturday, Magistrate Judge Laurel Beeler in California said the government’s actions would affect users’ First Amendment rights, as an effective ban on the app would remove their platform for communication.


Reuters | Equities.com |

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. ...


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The U.S. will ban the downloads of the Chinese apps TikTok and WeChat on Sunday, with a total ban on the use of the latter, citing national security and data privacy concerns.

A total ban on the use of TikTok will follow on Nov. 12, but Commerce Secretary Wilbur Ross said early Friday on Fox Business Network that access to that app may be possible if certain safeguards are put into place.

“At the President’s direction, we have ...


Reuters | Equities.com |

ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a U.S. ban while appeasing China's government, people familiar with the matter told Reuters.

The Beijing-based company had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after U.S. President Donald Trump ordered the sale last month an...


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Walmart Inc said it was joining Microsoft in a bid for social media company TikTok’s U.S. assets, revealing its plans hours after the social media company’s chief executive, Kevin Mayer, said he would step down.

Mayer is leaving just three months after joining, in the middle of negotiations to sell the Chinese-owned video app’s U.S. operations to Microsoft Corp or Oracle Corp.

Retailer Walmart lauded Ti...


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The United States is considering new restrictions on exports of semiconductor manufacturing equipment and associated software tools, lasers, sensors, and other technology to prevent them from falling into the hands of U.S. adversaries like China.

The U.S. Commerce Department said in a posting on a government website on Wednesday it was seeking public input on how to define new technologies as it determines “whether there are specific foundational technologies that warrant more restrictive controls” in the export process.


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Twitter Inc has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter’s ability to put together financing for a potential deal.

It is far from certain that Twitter would be able to outbid Microsoft Corp and complete such a transformative deal in the 45 days that U.S. President Donald Trump has given ByteDance to agree to a sale, the sources said on Saturday.


Reuters | Equities.com |

Chinese government-linked hackers have been targeting U.S. election infrastructure ahead of the 2020 presidential election, White House National Security Adviser Robert O’Brien said on Sunday, indicating a more active level of alleged Chinese interference.

O’Brien’s comments appeared to go beyond a statement released on Friday by the Office of the Director of National Intelligence which said China “has been expanding its influence efforts,” and that ...