In a significant development, President Trump announced that China has approved a preliminary deal allowing American ownership of TikTok following a two-hour phone call with China's leader. This news is crucial as it could pave the way for a resolution to the ongoing concerns about data security and ownership of the popular social media platform, potentially benefiting both American investors and TikTok users.

Former President Trump has announced that his discussions with China's President Xi have led to significant progress regarding the popular video app TikTok. With ongoing efforts to ensure TikTok remains operational in the U.S. without being shut down, this development is crucial as it highlights the importance of international negotiations in the tech industry and the potential implications for users and businesses alike.