The White House has announced that a deal involving TikTok is expected to be finalized soon, with notable Trump-supporting billionaires like Larry Ellison, Marc Andreessen, and Lachlan Murdoch potentially playing key roles. This development is significant as it could reshape the landscape of social media and U.S.-China relations, highlighting the ongoing negotiations and the influence of prominent figures in the tech industry.

Larry Ellison's Oracle is stepping up to lead the U.S. oversight of TikTok's algorithm, a move that comes as Trump prepares to issue an executive order addressing security concerns. This development is significant as it reflects the government's commitment to ensuring user safety and data protection while navigating the complexities of international tech relations.