Trump advances TikTok deal with new executive order
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President Trump gave his formal blessing on Thursday to a deal for a consortium of mostly U.S. investors to take over the short video app TikTok, signing an executive order green-lighting the spinoff and saying it has "good controls" in terms of security and safety.
TikTok is owned by Beijing-based ByteDance, but a law passed last year requires the parent company to divest or the app will be banned in the United States over national security concerns.
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