Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

Category: Politics

President Trump signed an executive order to create a U.S. sovereign wealth fund that could potentially invest in TikTok, aiming for a 50% stake in the platform. The fund is expected to be operational within a year and could also invest in other assets, including vaccine manufacturers. The initiative follows previous attempts to ban TikTok and is part of a broader strategy to enhance U.S. investment capabilities.

Keywords: Trump, Sovereign Wealth Fund, TikTok

Source: ABC7 Los Angeles

Update At: 2/4/2025

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