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☆ India banned TikTok overnight but 200 million people learned to live without it
▼ + stars: | 2024-03-14 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

On Wednesday, the US House of Representatives passed a bill that could lead to a nationwide TikTok ban. While the Chinese-owned app is not disappearing from Americans’ phones anytime soon, many of its 170 million users in the country are deeply rattled. “[Former] US Secretary of State Mike Pompeo had welcomed the ban, saying it ‘will boost India’s sovereignty.’”While India’s abrupt decision shocked the country’s 200 million TikTok users, in the four years since, many have found other suitable alternatives. Within a week of the ban, Meta-owned Instagram cashed in by launching its TikTok copycat, Instagram Reels, in India. According to Ray, Indian content creators swiftly moved all the old content they had shot for TikTok to Instagram Reels and YouTube Shorts.

Persons: TikTok, ”, Nikhil Pahwa, Mike Pompeo, TikTokkers, Saptarshi Ray, Instagram, Moj, Ray, Clyde Fernandes, Vivan Sharan, ” Sharan, “ Organizations: New, New Delhi CNN, India, Google, YouTube, Oxford, Advisory Locations: New Delhi, United States, India, China, Delhi, American, Bengaluru, Opraahfx, Beijing

☆ Banning TikTok could haunt Biden's reelection campaign
▼ + stars: | 2024-03-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. While Biden seems set to do just that — he said earlier in March that he'd sign the legislation — the move could easily backfire on his already-struggling 2024 reelection campaign. Lindsay DodgsonMembers of Congress reportedly said before the vote that TikTok's push backfired, making them more likely to vote in favor of it. Related storiesWhile Biden's been on board with the proposed TikTok bill for weeks, it's increasingly seeming like a political miscalculation with the November presidential election approaching. The closer the anti-TikTok bill gets to passing, the more easily he'll be able to convince young voters that Biden's behind the app shuttering, not him.

Persons: —, Joe Biden, Biden, Lindsay Dodgson, Biden's, it's, Donald Trump, Trump, Jeff Yass, gunning, Taylor Organizations: Service, Business, Republican, Biden, New York Times, Trump, White Locations: Yass

☆ CNBC Daily Open: U.S. retail sales in sharp focus
▼ + stars: | 2024-03-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks end mixedWall Street ended mixed Wednesday, dragged down by tech stocks as investors await key updates on retail sales and producer prices. "If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC. [PRO] China stocks worth the riskChinese stocks are a "risk worth taking," said Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Israel, Alex Karp, it's, Karp, Jason Hsu Organizations: CNBC, Nasdaq, Dow, House, U.S . House, Ford Motor, General Motors, Mercedes, Benz, Rayliant Global Advisors Locations: Israel, China

☆ Democrats cite AI gains and automation in Senate bill calling for 32-hour workweek
▼ + stars: | 2024-03-14 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday as they argued for a new bill that would mandate a 32-hour federal workweek. "The sad reality is Americans now work more hours than the people of any other wealthy nation," the Vermont independent later said. The bill introduced by the committee chair Sanders and Sen. Laphonza Butler, D-Calif., would gradually reduce the standard workweek from 40 hours to 32 hours over four years. Sanders and Democrats at Thursday's hearing said that reducing the workweek would allow people to spend more time with family and on hobbies. "This would be napalm upon the fire of inflation," said Sen. Bill Cassidy of Louisiana, and the ranking Republican on the Health, Education, Labor and Pensions Committee.

Persons: Bernie Sanders, Sen, Bill Cassidy, Sanders, Laphonza Butler, Mark Takano, Jamie Dimon, Bill Gates, Chris Murphy, Conn, Bill Cassidy of, Mike Braun, Juliet Schor, Schor, Jon Leland, Leland, Liberty Vittert, Vitter, Vittert, St . Louis, Cassidy, They're Organizations: Health, Education, Labor, Pensions, Employers, Representatives, JPMorgan, Microsoft, Republican, Boston College, Washington University Locations: Dirksen, Washington , DC, Vermont, D, Bill Cassidy of Louisiana, Indiana, St .

☆ Opinion: The dangers in leaving TikTok at Beijing’s disposal
▼ + stars: | 2024-03-14 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +8 min

CNN —For many of the 170 million TikTok users in the United States, Wednesday’s vote in the House of Representatives to effectively ban the social media platform is worrisome. That’s just one reason why it’s laughable to hear China’s foreign ministry claim that the TikTok bill would disrupt market operations and undermine investor confidence. Most of the world’s most popular social media apps, incidentally, are banned in China unless they — or their user data — are locally based and thus easily overseen by the government. She has had multiple meetings with legislators and has spoken with Trump about protecting TikTok, according to the Washington Post. The government needs to develop oversight rules for all social media.

Persons: Frida Ghitis, Donald Trump, TikTok, Shou Chew, “, Jack Ma —, Xiao Jianhua, National Intelligence Avril Haines, Trump, ” Trump, ”, Jeff Yass, Kellyanne Conway, Meta’s Mark Zuckerberg Organizations: CNN, Washington Post, Politics, ByteDance, Frida Ghitis CNN, Pew Research, Facebook, Oracle, National Intelligence, Rutgers University, Air Force One, Microsoft, Trump, Citizens United Locations: United States, Washington, Russia, TikTok, Beijing, That’s, China, Israel, Tibet, Hong Kong, USSR

Speaker Mike Johnson told Republican senators during their closed-door retreat Wednesday that he was committed to finding a path ahead for Ukraine aid in the House of Representatives, a sign GOP senators took to mean that aid to the embattled country isn’t yet dead in Congress. McCaul said Johnson will put such a House foreign aid bill on the floor after the appropriations process is done. McCaul dismissed the concept of sending Ukraine aid through a discharge petition, saying he is “worried” about that approach, highlighting instead the REPO Act and formatting aid as a loan. “You know, it feels like Speaker Johnson makes up his strategy one or two days at a time. “Speaker Johnson doesn’t need to make up a new plan.

Persons: Mike Johnson, Sen, Markwayne Mullin, Johnson, wouldn’t, Michael McCaul, Ukraine –, Donald Trump, McCaul, ” McCaul, “ I’ve, Republican Sen, Lindsey Graham, ”, Roger Wicker of, “, ” “, Joni Ernst of Iowa, Thom Tillis, we’ve, Mitch McConnell, ” McConnell, “ We’ve, Democratic Sen, Chris Murphy, Johnson doesn’t, that’s, CNN’s Morgan Rimmer Organizations: Republican, CNN, Republicans, House Foreign, Texas Republican, GOP, Senate Armed Services Committee, Kentucky Republican, Democratic, “, Senate, ” Republican Locations: Ukraine, Oklahoma, Texas, West Virginia, Roger Wicker of Mississippi, Israel, Taiwan, North Carolina, Russia, Connecticut, Arkansas

Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance's TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. "It's a great business and I'm going to put together a group to buy TikTok." There's no way that the Chinese would ever let a U.S. company own something like this in China," Mnuchin said. Last week, Mnuchin's Liberty Strategic Capital was a lead investor in a $1 billion capital raise to stabilize New York Community Bancorp. That administration also took an antagonistic stance toward TikTok, which ultimately resulted in ByteDance striking a data partnership with Oracle .

Persons: Steven Mnuchin, ByteDance's, ByteDance, Mnuchin, CNBC's, Masa, Joe Biden, Peter Thiel, Vinod Khosla, Keith Rabois, TikTok, Shou Zi Chew, Wang Wenbin, Bobby Kotick, Donald Trump, Trump Organizations: U.S, Liberty Strategic Capital, Vision Fund, Senate, Lawmakers, China Foreign Ministry, Financial Times, Street, Activision, Community Bancorp, Oracle Locations: Liberty, ByteDance, U.S, China, TikTok, New

☆ Premarket stocks: This investor predicted the dot-com bust. He thinks AI is a bubble that will ‘deflate’
▼ + stars: | 2024-03-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York (CNN) — Is the artificial intelligence boom on Wall Street a bubble primed to burst or the real deal? That’s the question investors have wrestled with since the Magnificent Seven tech stocks began turbocharging a powerful market rally last year. “A new bubble within a bubble like this, even one limited to a handful of stocks, is totally unprecedented,” he wrote in a Monday blog post. “The long-run prospects for the broad US stock market here look as poor as almost any other time in history,” he wrote. Still, the notorious market bear sees some areas of opportunity in the stock market.

Persons: —, Jeremy Grantham, ”, Grantham, Granthan, “, Hanna Ziady, Abu, Adnoc, NewMed Energy’s, Gan, Marc Stewart, Wayne Chang, ByteDance, ” Wang Wenbin, Wang Organizations: CNN Business, Bell, CNN, ” Tech, Monster, Nvidia, Boston, Federal Reserve, ChatGPT, BP, UAE, United Arab Emirates, NewMed Energy, Energy, Starbucks, McDonald’s, KFC, CNN Wednesday Locations: New York, Grantham, Israel, Gaza, Tel Aviv, China, America, American, Beijing

☆ TikTok CEO doubles down and urges users to get loud and contact senators
▼ + stars: | 2024-03-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Hours after the US House of Representatives voted in favor of the bill by a wide margin, 352 to 65, Shou responded with a video on TikTok urging users to "make your voices heard." The rallying cry follows an earlier TikTok action that prompted users to input their ZIP code in order to identify and contact their representatives in Congress. Share them with your friends, share them with your family, share them with your senators. Over the past week, X users have responded in droves with their all-time favorite clips after @destroynectar asked, "What video is the reason they shouldn't ban TikTok?"

Persons: —, Shou Chew, Shou, TikTok's, Joe Biden, @destroynectar, ITYNCTnThf, Steven Mnuchin — Organizations: Service, Business, Big Tech

☆ CNBC Daily Open: U.S. consumer spending data looms
▼ + stars: | 2024-03-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia stocks mixedAsia markets were mixed Thursday as investors assessed Japan's spring wage negotiations. "If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC. [PRO] China stocks worth the riskChinese stocks are a "risk worth taking," said Jason Hsu, chairman and chief investment officer of Rayliant Global Advisors.

Persons: Topix, Israel, Alex Karp, it's, Karp, Jason Hsu Organizations: CNBC, Nikkei, Bank of Japan, Nasdaq, Dow, Ford Motor, General Motors, Mercedes, Benz, House, U.S . House, Rayliant Global Advisors Locations: Asia, Israel, China

☆ If the US bans TikTok, China will be getting a taste of its own medicine
▼ + stars: | 2024-03-14 | by ( Laura He | ) edition.cnn.com time to read: +7 min

But American apps have long been barred in China. “The TikTok bill appears likely to become law and China’s displeasure seems ironic, if not hypocritical, given its stance toward American social apps,” said Brock Silvers, managing director at Kaiyuan Capital. The Chinese government has said it strongly opposes a forced sale of TikTok, and it has the legal ability to do so. A man walks past the headquarters of ByteDance, the parent company of TikTok, in Beijing. “While China has completely banned [these] American apps, TikTok enjoys all the benefits of America’s free and open legal and political systems,” he said.

Persons: Hong Kong CNN — TikTok, ByteDance doesn’t, Wang Wenbin, ”, Brock Silvers, Wang, Joe Biden, TikTok, CNN Beijing’s, Trump, Greg Baker, “, Winston Ma, Silvers, Alex Capri, Craig Singleton, “ We’ve, ” Capri Organizations: Hong Kong CNN, US, Foreign Ministry, Google, Kaiyuan, Chinese Commerce Ministry, ByteDance, Trump, CNN, Commerce Ministry, Getty, New York University School of Law, Foundation, National University of Singapore Business School, Foundation for Defense of Democracies, Weibo, Twitter, Facebook Locations: China, Hong Kong, United States, Beijing, TikTok, ByteDance, AFP, Washington, Washington , DC

☆ TikTok employees feel 'numb' to latest political attacks in Washington
▼ + stars: | 2024-03-13 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

They, along with the other TikTok and ByteDance employees in this story, spoke on the condition of anonymity. Even if the House's "Protecting Americans from Foreign Adversary Controlled Applications Act" is signed into law, TikTok employees have good reason to believe it won't stick. For current TikTok and ByteDance employees, it's become increasingly difficult to understand which threats are real and which are political bluster. "For my team, we're so busy we don't really think about it," a third staffer told BI when asked about the House bill. "If they do ban TikTok, I can imagine Congress' approval rating dropping even more," they said.

Persons: Trump, haven't, ByteDance, I've, TikTok, it's Organizations: Business, Foreign Locations: China, TikTok, Montana

☆ These 50 Democrats and 15 Republicans voted against a bill that could lead to a TikTok ban
▼ + stars: | 2024-03-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

The House overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned. 50 Democrats and 15 Republicans voted against it. AdvertisementThe House of Representatives overwhelmingly passed a bill on Wednesday that could lead to TikTok being banned in the United States. The "Protecting Americans from Foreign Adversary Controlled Applications Act" easily cleared the chamber by a lopsided 352-65 vote, with 50 Democrats and 15 Republicans voting against the bill. @RepMTG on TikTok bill: "I rise today as the only member of Congress that has ever been banned by social media...Twitter banned me..

Persons: Jasmine Crockett, —, ByteDance, Abigail Spanberger, Raja Krishnamoorthi, weren't, Alexandria Ocasio, Mark Pocan, Maxwell Frost of Florida, Frost, Krishnamoorthi, Donald Trump, backhandedly, Marjorie Taylor Greene, Mark Zuckerberg, Joe Biden's, Andy Biggs, Arizona Dan Bishop of, Carolina Warren Davidson of Ohio John Duarte, California Matt Gaetz, Florida Marjorie Taylor Greene, Georgia Clay Higgins, Nancy Mace, Carolina Thomas Massie, Tom McClintock, California Alex Mooney, West Virginia Barry Moore, Alabama Scott Perry, David Schweikert, Arizona Greg Steube Organizations: Democratic, Service, Foreign, Energy, Commerce, Facebook, Republican, Twitter Locations: United States, Texas, Virginia, Beijing, Illinois, Alexandria, Cortez, Wisconsin, Georgia, Carolina, California, Florida, West, Arizona

☆ The House Dealt TikTok a Blow
▼ + stars: | 2024-03-13 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

A huge bipartisan majority of the House of Representatives voted today to pass a bill that would force TikTok’s Chinese owner either to sell the popular video app or face a ban in the U.S. TikTok and its owner ByteDance have downplayed or denied they pose such a risk. If the House bill becomes law, ByteDance would have roughly six months to sell TikTok to non-Chinese owners. The app could still remain on American smartphones, but the restrictions would probably degrade users’ access to it. However, my colleague Sapna Maheshwari, who covers TikTok, told me that users can expect to have access to TikTok for a while longer.

Persons: ByteDance, Sapna Maheshwari, “, ” Organizations: U.S, Lawmakers Locations: Beijing

☆ House Votes to Force TikTok Parent to Sell App or Face Ban
▼ + stars: | 2024-03-13 | by ( Lilian Manansala | ) www.businessinsider.com time to read: 1 min

The House of Representatives voted overwhelmingly in favor of a bill that would force ByteDance, the Chinese parent company of TikTok, to sell the popular social media app — or face a potential ban. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: ByteDance Organizations: Business

☆ U.S. spy chief 'cannot rule out' that China would use TikTok to influence U.S. elections
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +1 min

China could use social media app TikTok to influence the 2024 U.S. elections, U.S. Director of National Intelligence Avril Haines told a House of Representatives intelligence committee hearing on Tuesday. China could use social media app TikTok to influence the 2024 U.S. elections, U.S. Director of National Intelligence Avril Haines told a House of Representatives intelligence committee hearing on Tuesday. Asked by Democratic Representative Raja Krishnamoorthi if China's ruling Communist Party, or CCP, would use TikTok to influence the elections, Haines said: "We cannot rule out that the CCP would use it." Krishnamoorthi is also the ranking Democrat on the House select committee on China. The House is due to vote on Wednesday under fast-track rules that require two-thirds of members to vote "yes" for the measure to win passage.

Persons: National Intelligence Avril Haines, Raja Krishnamoorthi, Haines, Mike Gallagher, ByteDance, Joe Biden Organizations: National Intelligence, Democratic, Communist Party, CCP, Republican, Senate Locations: China

☆ Energy, materials lead the way — plus, what we want to hear from DuPont and Estee Lauder
▼ + stars: | 2024-03-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Leading the way were the energy and materials sectors while the technology and health-care groups lagged. Cyclical sectors like energy and materials have been strong performers over the past month or so, amid a broadening market rally . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we've, it's, –, Estee lauder, Estee Lauder, We'll, Jim Cramer's, Jim, pumpjack Organizations: CNBC, Texas, Coterra Energy, Tech, Nvidia, Club, GE Healthcare, Electric, Estee, DuPont, Senate, Dollar, DICK's Sporting Goods, Commerce, Jim Cramer's Charitable, Citizens, UCG, Getty Locations: Freeport, McMoRan, DuPont, China, U.S, Bakersfield, Kern County , California, USA

☆ Should China Own TikTok?
▼ + stars: | 2024-03-13 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

After Hamas’s Oct. 7 terrorist attack, TikTok flooded users with videos expressing extreme positions from both sides of the Israeli-Palestinian conflict, tilted toward the Palestinian side, a Wall Street Journal analysis found. On Monday, the top U.S. intelligence official released a report saying that the Chinese government had used TikTok to promote its propaganda to Americans and to influence the 2022 midterm elections. TikTok is also owned by a company, ByteDance, that’s based in a country that is America’s biggest rival for global power: China. ByteDance executives say that they operate separately from China’s government and that they regularly remove misleading content from TikTok. The most likely scenario, experts say, is that officials aligned with the Chinese government shape TikTok’s algorithm to influence what content Americans see.

Persons: Jeanna Smialek, Jim Tankersley, “, Sapna Maheshwari, China’s, Xi Jinping, Xi Organizations: Rutgers University, Rutgers, Communist Party, Soviet NBC Locations: U.S, Tibet, Hong Kong, United States, China, Soviet

☆ I’m addicted to TikTok. What do I do now that the House has effectively voted to ban it?
▼ + stars: | 2024-03-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

The bill would prohibit TikTok from US app stores unless the social media platform is quickly spun off from ByteDance. Some TikTok users posted videos ahead of Wednesday’s vote showing them calling their representatives and threatening to vote for alternate candidates if they voted to pass the bill. “This process was secret and the bill was jammed through for one reason: it’s a ban,” a TikTok spokesperson said in a statement following the Wednesday House vote. That may be even more true after Biden’s likely opponent in November, former President Donald Trump, said he opposed a TikTok ban, a reversal from his stance as president. App stores that violate the legislation could be fined based on the number of users of a banned app.

Persons: …, Princess, Wales, TikTokkers, ByteDance, Chuck Schumer, “, ”, Dick Durbin, Joe Biden, ” Durbin, Donald Trump, TikTok, Dan Ives Organizations: New, New York CNN, Foreign, House Energy, Commerce, Senate, Apple, Google Locations: New York, ByteDance, It’s, Montana, United States

Hong Kong/Beijing CNN —China has described a potential TikTok ban as “an act of bullying” that would backfire on America. Cybersecurity experts say that the national security concerns surrounding TikTok remain a hypothetical — albeit troubling — scenario. US officials have not publicly presented evidence that the Chinese government has accessed the user data of US TikTok users, an outcome that lawmakers say their bill is intended to prevent. In recent comments to reporters, Wisconsin Republican Rep. Mike Gallagher, who chairs a House select committee on China, rejected characterizations of the bill as a TikTok ban. “It puts the choice squarely in the hands of TikTok to sever their relationship with the Chinese Communist Party.

Persons: ByteDance, ” Wang Wenbin, Wang, ”, Mike Gallagher, “ It’s, TikTok, “, Tiktok Organizations: Beijing CNN, CNN Wednesday, Senate, Wisconsin Republican, Chinese Communist Party, Weibo Locations: Hong Kong, Beijing, China, America, American, tatters

☆ A TikTok ban just got one step closer
▼ + stars: | 2024-03-13 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

The House of Representatives just passed a bipartisan-introduced bill "banning" TikTok. Though commonly referred to as a TikTok "ban," the legislation doesn't entirely outlaw the app from being available in the country. Several senators — Republicans and Democrats alike — have voiced concerns in recent weeks because the bill mentions TikTok and ByteDance by name. According to Bloomberg, TikTok CEO Shou Chew personally lobbied against the legislation during a visit to the Capitol on Tuesday. "This legislation has a predetermined outcome: a total ban of TikTok in the United States," a spokesperson for the company said.

Persons: Biden, —, Joe Biden's, Joe Biden, Donald Trump, Trump, Jeff Yass, it's, Shou Chew Organizations: Service, Susquehanna International Group, — Republicans, Democrats, Bloomberg, Capitol Locations: Florida, United States

☆ U.S. to Send $300 Million in Weapons to Ukraine Under Makeshift Plan
▼ + stars: | 2024-03-12 | by ( Helene Cooper | More About Helene Cooper | ) www.nytimes.com time to read: +1 min

The Senate passed an emergency aid bill including $60.1 billion for Ukraine. But the measure faces an uncertain fate in the House of Representatives, where Republican leaders have refused to put the measure to a vote. The American political paralysis has led, Pentagon officials said, to critical shortages on the battlefields of Ukraine. Since Russia’s February 2022 invasion of Ukraine, the Biden administration has sent more than $75 billion in cash and equipment to the country for its defense. Most of the aid has gone to Ukraine’s military operations, keeping its government running and addressing its humanitarian needs.

Persons: Mike Johnson, Biden Organizations: Representatives, Republican, Republican Party, Pentagon Locations: Ukraine, Louisiana

☆ The TikTok ban is headed to a vote in the House. Here's what to know.
▼ + stars: | 2024-03-12 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

A bipartisan group of representatives introduced a bill on March 5 to effectively ban TikTok. The House is set to vote on the legislation on Wednesday, where it's expected to pass. The bill has faced criticism from advocacy groups, TikTok fans, and former President Donald Trump. AdvertisementThe House of Representatives is set to vote Wednesday on a bipartisan-supported bill that could decide the future of TikTok. If this bill or a similar one passes through Congress, President Joe Biden has already said he'll sign it into law.

Persons: Donald Trump, —, Mike Gallagher, Raja, " Gallagher, we've, Zuckerschmuck, ByteDance, Jeff Yass, GOP Sen, Todd Young, Joe Biden Organizations: Service, Facebook, Susquehanna International Group, Trump, New York Times, Republican, Democratic, GOP, Center for Democracy & Technology, American Civil Liberties Union, Electronic Frontier Foundation Locations: United States, TikTok, Yass, Congress

☆ TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban gains steam
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

A new bill would make Chinese-owned ByteDance sell TikTok to a US company or face a nationwide ban. Those who want the app banned argue that TikTok may be forced into giving over user data to the Chinese government. The whole TikTok ban is clearly a tactic to control the narrative." AdvertisementA ban would be "devastating" for her, she said, because years of her work would be "deleted forever." A TikTok spokesperson told Business Insider the legislation has a "predetermined outcome," which is a total ban of TikTok in the US.

Persons: —, TikTok, Shira, aren't, She's, Ben Stanley, hasn't, Tahrea Sherman, Sherman, Catalina Goanta, Goldman Sachs, Goanta Organizations: Service, Energy, Commerce, Google, Utrecht University Locations: Congress, TikTok, Netherlands, Statista

☆ Republican Rep. Ken Buck is exiting Congress early, further eroding GOP majority
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +2 min

Rep. Ken Buck, R-Colo., who announced last fall he would not seek re-election, said Tuesday he will resign from Congress at the end of next week, further shrinking the GOP's already razor-thin majority. "Today I am announcing that I will depart Congress at the end of next week," Buck said in a statement. His departure will cut the House Republican margin to 218-213; Speaker Mike Johnson, R-La., will still have two votes to spare before needing Democrats to govern. Speaking to reporters shortly after the news broke, Johnson suggested he did not get a heads-up from Buck. Most recently, Buck broke with his party and was one of three Republicans who voted against the impeachment of Homeland Security Alejandro Mayorkas.

Persons: Ken Buck, Alejandro Mayorkas, Buck, Mike Johnson, Johnson, Pat Fallon, Donald Trump's, Joe Biden Organizations: Rep, Chamber, Representatives, Homeland, U.S, Capitol, Washington , DC, Republican, GOP, Caucus Locations: Washington ,, Colorado, Texas, Washington

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