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☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ General Electric's 132-year journey from American manufacturing icon to fallen giant
▼ + stars: | 2024-04-04 | by ( Dominick Reuter | Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

General Electric was an icon of American innovation and manufacturing for most of its history. The company reached its peak in 2000, but had a rocky journey entering the 21st century. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of the 20th century, General Electric grew into a powerhouse — literally — of American industry. This story is available exclusively to Business Insider subscribers.

Persons: —, Thomas Edison Organizations: GE, Service, Electric, Business

☆ Ex-Google software engineer charged with stealing AI technology while working with Chinese companies
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

A former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China, the Justice Department said Wednesday. "The theft of innovative technology and trade secrets from American companies can cost jobs and have devastating economic and national security consequences." Within weeks of the theft starting, prosecutors say, Ding was offered the position of chief technology officer at an early-stage technology company in China that touted its use of AI technology. The indictment says Ding traveled to China and participated in investor meetings at the company and sought to raise capital for it. Three days later, Google officials learned that he had presented as CEO of one of the Chinese companies at an investor conference in Beijing.

Persons: Linwei Ding, Ding, General Merrick Garland, Christopher Wray, Lisa Monaco, Wray Organizations: Google, Justice Department, American Bar Association Conference, Department, Technology, Force, Northern District of, supercomputing, Prosecutors Locations: China, Newark , California, San Francisco, People's Republic of China, United States, Northern District, Northern District of California, Beijing

☆ Jared Kushner says he wouldn’t serve in a second Trump administration
▼ + stars: | 2024-02-14 | by ( Alison Main | ) edition.cnn.com time to read: +3 min

CNN —Donald Trump’s son-in-law Jared Kushner said Tuesday he does not plan on serving in a second Trump administration as he is committed to focusing on his business ventures. Kushner served as a senior adviser in his father-in-law’s administration. Kushner also headed up the White House Office of American Innovation, whose goal was to modernize government technology. Prior to working in the White House, Kushner had no political experience. He served as CEO of his family’s real estate development firm, Kushner Properties.

Persons: Donald Trump’s, Jared Kushner, Trump, that’s, ” Kushner, he’s, Kushner, Affinity Partners Kushner, Ivanka Trump, “, ”, Trump’s, Kaitlan Collins, Kate Bennett Organizations: CNN, White, Affinity Partners, Trump White House, Trump West Wing, Office, American Innovation, Kushner Properties Locations: Miami, China, Mexico, Canada, United States

☆ A City Built on Steel Tries to Reverse Its Decline
▼ + stars: | 2024-02-03 | by ( Santul Nerkar | Akilah Townsend | ) www.nytimes.com time to read: +1 min

The home of U.S. Steel’s largest mill, Gary churned out the product that built America’s bridges, tunnels and skyscrapers. The city reaped the rewards, with a prosperous downtown and vibrant neighborhoods. Gary’s smokestacks are still prominent along Lake Michigan’s sandy shore, starkly juxtaposed between the eroding dunes and Chicago’s towering silhouette to the northwest. More than 10,000 buildings sit abandoned, and the population of 180,000 in the 1960s has dropped by more than half. As U.S. Steel stands at a crossroads — a planned acquisition would put it under foreign control — so does the city that was named for the company’s founder and helped build its empire.

Persons: Gary, Gary ” Organizations: U.S, Steel Locations: Ind, U.S, Steel’s

☆ Inside the right-wing subculture of Zyn-obsessed nicotine fiends
▼ + stars: | 2024-01-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After Senate Majority Leader Chuck Schumer called for a federal probe into "Zyn" nicotine pouches last week, the GOP backlash was swift. "Unfortunately Chuck Schumer is more focused on Zyn Pouches than he is about Fentanyl pouring over our border," wrote Rep. Tim Burchett of Tennessee. A 'pro-society' drugA variety of factors drive the proliferation of nicotine among the younger right-wing crowd. Containers of "Zyn" nicotine pouches.

Persons: Tucker Carlson, —, Chuck Schumer, Marjorie Taylor Greene, Schumer, Sen, Thom Tillis, Tim Burchett, Peter Thiel, JD Vance, Ohio, Vance, It's, Michael M, Carlson, Tucker Carlson's, that's, Saagar Enjeti, Greg Price, Andrew Huberman, Peter Attia, they're, There's, Enjeti, Tillis, Gregory Conley, Conley Organizations: Service, GOP, Rep, Fox News, Atlantic, Senate, Republican, State Freedom Caucus Network, Stanford University, Republicans, American Vapor Manufacturers Association, Capitol, Democrats Locations: North Carolina, Tennessee, mainstreaming Zyn, Swedish

☆ China and cybercriminals are targeting American AI companies, FBI Director Wray says
▼ + stars: | 2024-01-09 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

American companies like Google , Microsoft , and OpenAI are currently driving the cutting edge of generative artificial intelligence development across the globe. However two of U.S.'s top national security leaders said that AI lead is under attack from foreign cybercriminals and nation-states like China. "Eighteen of the 20 most successful AI companies in the world are American," FBI Director Christopher Wray told CNBC's Morgan Brennan during a CNBC CEO Council virtual roundtable on Tuesday. "Generative AI, in the world of cyberattacks, is what I would describe as taking kind of junior varsity athletes and making them varsity," Wray said. But while much of the discussion around AI in the cybersecurity space has centered on how AI is enhancing both attackers and defenders, Wray said the FBI is also focused on "defending American AI [research and development], American innovation in AI."

Persons: Christopher Wray, CNBC's Morgan Brennan, Wray, General Paul Nakasone, Nakasone Organizations: Google, Microsoft, CNBC, Cyber Command, National Security Agency, Central Security Service Locations: China, U.S

☆ Senators want faster FAA approval for commercial spaceflights
▼ + stars: | 2023-11-21 | by ( Kristin Fisher | ) edition.cnn.com time to read: +4 min

CNN —The top two lawmakers on the US Senate’s space and science subcommittee are pushing federal regulators to accelerate the approval of commercial space launches, arguing that the current pace could cost the United States its edge in the new space race. ‘Keeping pace with industry demand’The FAA’s Office of Commercial Space Transportation is responsible for protecting public safety while simultaneously greenlighting a growing number of commercial space launches, which have quadrupled in just four years. The FAA has already licensed 104 launches this year, compared to 26 launches in 2019. We cannot be our own worst enemy when it comes to beating China to the moon and Mars,” Schmitt told CNN. The senators are now asking Coleman to respond to several questions, including what additional resources he may need to accelerate the launch licensing process, by November 28.

Persons: Kyrsten Sinema, Eric Schmitt, Kelvin Coleman, ”, “, Coleman, Senators Kyrsten Sinema, Al Drago, Eva Marie Uzcategui, we’re, William Gerstenmaier, Sinema, Schmitt of Missouri, ” Schmitt Organizations: CNN, United, Federal Aviation, FAA, Transportation, Senators, Bloomberg, Getty, Elon, SpaceX, US Fish and Wildlife Service, Regulators, Republican, China Locations: United States, Arizona, China, Beijing

☆ In the Market: Inside a startup’s struggle in a higher-for-longer world
▼ + stars: | 2023-10-16 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

Marvel, a unit of Walt Disney (DIS.N), initially planned to use Tractiv's software in a post-production process, documents show. They provide rare, sometimes blow-by-blow insight into the hardship facing startups, key drivers of American innovation. In February 2021, Tractiv got a major break when it gave a demonstration of the software to venture capital firms. The next few months Tractiv had a series of conversations with major financial services companies, including banks such as JPMorgan Chase (JPM.N). Several showed interest in Tractiv's software but did not buy it.

Persons: Beresford Hodge, Walt Disney, Drew Orsinger, Tractiv's, they're, Mark Almeida, Tractiv, Orsinger, Hans Morris, Morris, JPMorgan Chase, Jan, Nyca, Nyca's Morris, Paritosh Bansal, Anna Driver Organizations: Walt Disney Studios, REUTERS, Tractiv, Marvel Studios, Marvel, Walt, Disney, Hollywood, Venture, Reuters, SpaceX, CME Group, Honeywell, Nyca Partners, JPMorgan, Thomson Locations: London, Britain, Tractiv, headwinds

☆ In the Market-Inside a startup’s struggle in a higher-for-longer world
▼ + stars: | 2023-10-16 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

☆ US tackles climate-warming HFC industrial gases with new rules
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. The EPA also issued a proposal that aims to improve how HFCs are managed and reused, setting requirements for repairing leaky equipment, rules for using reclaimed HFCs and leak detection rules for large refrigeration equipment. The two regulatory actions come after the EPA issued a final rule in July phasing down the use of HFCs by 40% below historic levels from 2024 to 2028. The Senate voted 69-27 in September last year to ratify the global Kigali amendment to the Montreal Protocol that calls for the phase-down of HFCs. Reporting by Valerie Volcovici; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Ali Zaidi, Valerie Volcovici, Alexander Smith Organizations: United States Environmental Protection Agency, Washington , D.C, REUTERS, Rights, Environmental Protection Agency, EPA, Manufacturing, White, Thomson Locations: Washington ,, Kigali, Montreal, HFCs, U.S

☆ Opinion | The U.S. Is Pulling Back From China. How Far Is Too Far?
▼ + stars: | 2023-09-23 | by ( The Editorial Board | ) www.nytimes.com time to read: +3 min

Many Americans, even once-ardent proponents of globalization, have soured on trade with China. But there is a growing danger that as the United States tries to address its difficulties with China, it will pull back too far, severing economic ties that benefit American families and contribute to global peace and prosperity. Soybean farmers in the Upper Midwest sold a record $16.4 billion of their beans to China, mostly for pig feed. Hundreds of millions of Chinese have come out of poverty thanks to global trade, and have become consumers of U.S. goods and services. Amid the harsh talk, the dollar value of American trade with China — Americans buying Chinese products and the Chinese buying American products — rose to a record in 2022.

Persons: flagrantly, Ukraine —, Mike Gallagher, ”, Jon Mills, Alexandra Stevenson Organizations: United States, Wisconsin Republican, Strategic, Chinese Communist Party, The Washington Post, Intel, Cummins, China — Locations: China, United, United States, Ukraine, Washington, The, Upper Midwest, America, U.S, Indiana

☆ 'Learning period' for US commercial space regulations should be extended -US Sen. Cruz
▼ + stars: | 2023-09-13 | by ( Joey Roulette | ) www.reuters.com time to read: +3 min

REUTERS/Go Nakamura/File photo Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - A federal moratorium on commercial spaceflight safety regulations should be extended to support more innovation in the space sector, U.S. The fast-growing sector since 2004 has been shielded from federal safety regulations by what is widely called a "learning period." "Now is not the time to impose new regulations on commercial space," Cruz said, speaking on the sidelines of an industry conference in Washington. The moratorium, established by the Commercial Space Launch Amendments Act of 2004, was most recently extended in 2015. The law requires private space companies that send humans into space to have passengers sign "informed consent" documents acknowledging the absence of federal safety regulations.

Persons: Ted Cruz, Artemis, Go Nakamura, Cruz, Doug Ligor, Ligor, Kelvin Coleman, it'll, Elon, Jeff Bezos, Joey Roulette, Chris Reese, Leslie Adler, Daniel Wallis Organizations: NASA, REUTERS, Rights, Federal Aviation Administration, RAND Corporation, RAND, FAA, Spaceflight, Senate, SpaceX, Origin, Shepard, Virgin Galactic, Thomson Locations: Houston , Texas, U.S, Washington, American, Texas, Van Horn

☆ Webb telescope’s first anniversary image reveals the birth of sunlike stars
▼ + stars: | 2023-07-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The James Webb Space Telescope has captured a stunning new image of the closest star-forming region to Earth, located 390 light-years away. The release of the image marks the first anniversary since the space observatory began observing the universe. “Webb’s image of Rho Ophiuchi allows us to witness a very brief period in the stellar lifecycle with new clarity. The most powerful telescope ever sent to space, Webb launched on December 25, 2021, and NASA shared its first set of scintillating images on July 12, 2022. Both have served as the targets of other telescopes like the Hubble Space Telescope in the past.

Persons: James Webb, another’s, ”, Klaus Pontoppidan, Webb, “, Bill Nelson, “ Webb, Nicola Fox, Eric Smith, “ Webb’s, Jane Rigby, NASA’s, “ We’ve, we’ve, — Organizations: CNN, Telescope, Telescope Science, NASA, Astrophysics Division, NASA Headquarters, Hubble, NASA’s Goddard Space Flight Locations: Baltimore , Maryland, Greenbelt , Maryland

☆ Analysis: U.S. crypto lobbyists court Democrats in fresh legislative push
▼ + stars: | 2023-07-10 | by ( Michelle Price | ) www.reuters.com time to read: +5 min

That effort escalated last month when the SEC sued crypto exchanges Coinbase and Binance for failing to register some crypto tokens. Most crypto companies dispute the SEC's jurisdiction. It would expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the SEC's jurisdiction. With Democrats' support, the bill could have a shot in the Senate. McHenry and Thompson are discussing the proposal with crypto companies, regulators and Democrats, and hope the committees will vote on it before the August recess, senior Republican policy staff said.

Persons: Cody Carbone, Patrick McHenry, Glenn Thompson, Brett Quick, McHenry, Thompson, Maxine Waters, David Scott, Scott, Vicente Gonzalez, Sylvia Garcia, Carbone, Spokespeople, Waters, Gonzalez, Garcia, Sam Bankman, Fried, Kristin Smith, Coinbase, spender, Kara Calvert, It's, Michelle Price, Hannah Lang, Douglas Gillison, Richard Chang Organizations: U.S . Securities, Exchange Commission, SEC, Capitol, Blockchain Association, Chamber of Digital Commerce, Crypto, Innovation, Coinbase, Financial Services, Agriculture, Trading, Republican, Thomson Locations: Washington, United States

☆ Reviving Congress Would Revive Democracy
▼ + stars: | 2023-06-10 | by ( Christopher Demuth | ) www.wsj.com time to read: 1 min

Wonder Land: The country is drifting right and opposition conservatives better not miss the turn. Images: AP/AFP/Getty Images/Zuma Press Composite: Mark KellyLast month’s debt-ceiling deal was a small assertion of the prerogatives of Congress—an institution that in recent decades has shirked its duties and diminished its own power. The representative legislature is a British-American innovation from the 17th and 18th centuries that proved a mighty engine of nationhood. It has become so thoroughly associated with legitimate government that even dictatorships such as China and Russia operate faux legislatures.

Persons: Mark Kelly Last Organizations: Getty Locations: British, China, Russia

☆ US House Republicans unveil broad package of tax cuts
▼ + stars: | 2023-06-09 | by ( Richard Cowan | ) www.reuters.com time to read: +3 min

Three related bills were introduced on Friday with the goal of moving the legislation through the House Ways and Means Committee next week. Democrats already were focusing on whether the tax legislation could add to the ballooning federal debt. Representative Richard Neal, the panel's senior Democrat, said Republicans were "laying the groundwork for even bigger cuts in 2025" when provisions of the 2017 tax law expire. Republicans, who control the House, introduced the proposals days after Biden, a Democrat, signed into law legislation Republicans sought to begin addressing the rapidly-growing debt with about $1.3 trillion in spending cuts. Other provisions include an expansion of tax benefits for small start-up enterprises to "S Corporations," while eliminating some "red tape" that small businesses experience related to contract workers.

Persons: Joe Biden's, Jason Smith, Richard Neal, Neal, Biden, Richard Cowan, Paul Simao, Diane Craft Organizations: U.S . House, Taxation, Big Oil, Republicans, Child Tax, Democratic, Thomson Locations: U.S, American

☆ Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
▼ + stars: | 2023-05-16 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

President Biden vetoed legislation on Tuesday that would have reinstated tariffs on solar panels from Chinese companies in Southeast Asia that had been found to be imported into the United States in violation of trade rules. The Senate narrowly passed the resolution this month, with several key Democrats supporting the measure, in a sharp rebuke to Mr. Biden. The president announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States. “Passage of this resolution bets against American innovation,” Mr. Biden said in a statement on Tuesday. Critics said the suspension on tariffs failed to defend American workers and solar manufacturers, who have pushed the administration to block the importing of cheap products.

A person who works with the group, American Edge Project, told CNBC that the $34 million was from Facebook. A Meta spokesman declined to comment and referred CNBC to American Edge instead. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook. American Edge launched a wave of TV and digital ads from late 2020 through 2021, taking on antitrust proposals. American Edge spent over $5 million between TV and digital ads in 2021, according to data from AdImpact.

☆ State leaders targeting climate investing have quiet stakes in the fossil fuel industry
▼ + stars: | 2023-04-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Fitzpatrick is among a group of powerful Republican state leaders who have waged similar fights against environmentally conscious investing as they held personal investments in, or saw political support from, the fossil fuel industry. Some of the state officials have received campaign donations from fossil fuel companies or their executives. "He has never 'had private briefings tied back to the fossil fuel industry' nor does he personally direct or execute trades himself. Hegar co-signed an open letter in 2021 with other state financial officers that was addressed to the U.S. banking industry and defended the fossil fuel industry. He also co-signed the 2022 letter to Biden from a slate of other state financial officers defending the fossil fuel industry.

☆ Op-ed: Crypto and blockchain need a trellis, not just a weed killer, says Scaramucci
▼ + stars: | 2023-03-21 | by ( Anthony Scaramucci | ) www.cnbc.com time to read: +4 min

You might not know this, but Goldilocks and the Three Bears is actually a story about the debate currently surrounding regulation of the blockchain and crypto industries. The agency nearly doubled the size of its crypto assets enforcement unit last May. Many in the crypto industry want this "regulation by enforcement" to stop. It's as much of a trellis for good plants as it is a weed killer. Scaramucci is the founder and managing partner of SkyBridge Capital, an alternative asset manager and SEC-registered investment adviser.

Reps. Jim Jordan, R-Ohio, and Ken Buck, R-Colo., are seen during a House Judiciary Committee markup in Rayburn Building on Wednesday, May 8, 2019. The GOP also doesn't want to give the Biden administration more power and resources, House Judiciary Chairman Rep. Jim Jordan, R-Ohio, told CNBC in a separate interview. "We just felt that Thomas Massie was a good fit with how we were structuring the Judiciary committee. While the tech companies may be spared costly new regulations that threatened to break them apart — for now — the industry may not be totally safe from scrutiny on Capitol Hill. Though it passed through the Senate Judiciary Committee and similar legislation advanced out of the House Judiciary Committee, it didn't get to the floor of either chamber for a vote.

☆ House, Senate to renew fight pitting child tax credit vs. corporate cash
▼ + stars: | 2023-02-15 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

The fate of that corporate tax policy, supported by many Democrats, had been linked to the Democratic Party's desire for a deal on the child tax credit . But House and Senate members are getting ready to reintroduce legislation on the R&D tax credit. Indexing the child tax credit to inflation would also be a matter of tax policy that both parties might agree on as a way to enshrine future increases in law. But there's still the divide on the corporate tax priorities and child tax credit, and at a basic level, getting a bipartisan tax bill through the House and Senate and to the White House is always challenging. Many companies were surprised that the R&D tax credit did not get extended in the late year legislative package because it had so much bipartisan support.

☆ Biden vows "to protect" country in State of the Union speech, refers to China balloon
▼ + stars: | 2023-02-08 | by ( Patricia Zengerle | ) www.reuters.com time to read: +3 min

"I'm committed to work with China where we can advance American interests and benefit the world," Biden said. "But make no mistake about it: as we made clear last week, if China threatens our sovereignty, we will act to protect our country. Investing in American innovation, in industries that will define the future, that China intends to be dominating," Biden said. Democrats have joined Republicans in demanding more information about the balloon and the Biden administration's policy toward the government in Beijing. We built a global coalition," Biden said, vowing to stand with Ukraine "as long as it takes."

☆ Washington moved fast to crack down on TikTok but has made little progress with Big Tech
▼ + stars: | 2022-12-22 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

But in fast-tracking the bill, Congress can’t help but draw attention to its notable lack of progress on regulating American tech giants more broadly — despite years of reports, hearings and proposed legislation. Washington finds a different tech villainThe tech industry’s largest players have faced a kitchen sink of allegations in recent years. The central allegation against TikTok is that the company poses a potential national security risk. But earlier this year, it acknowledged that China-based employees can access TikTok user data and declined to commit to cutting off those data flows in general. “We’re disappointed that Congress has moved to ban TikTok on government devices—a political gesture that will do nothing to advance national security interests—rather than encouraging the Administration to conclude its national security review,” said Brooke Oberwetter, a TikTok spokesperson.

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