President Trump orders creation of a US sovereign wealth fund, eyeing TikTok acquisition.

President Trump signed an executive order to create a US sovereign wealth fund, aimed at strategic investments and potentially acquiring TikTok. The fund, to be overseen by the Treasury and Commerce departments, could take up to a year to establish and would require congressional approval. It would manage assets like stocks and bonds to generate returns for the country, similar to funds in countries like Norway and Saudi Arabia.

2 months ago
338 Articles