Donald Trump indicated that a deal involving TikTok is nearing completion, with multiple investors participating in the arrangement. He expressed optimism about the negotiations, which have been ongoing amid regulatory concerns regarding the app's ownership and data security.

Treasury Secretary Janet Yellen announced that former President Donald Trump and Chinese President Xi Jinping are set to finalize a deal regarding TikTok on Thursday. This agreement comes amid ongoing discussions about the app's operations in the United States and its implications for data privacy and national security.

A deal has been reached to keep TikTok operating in the US, with President Trump announcing that a consortium of American investors will control its US operations. The agreement, which includes tech company Oracle, aims to address national security concerns over data sharing with China, while allowing TikTok to continue using licensed algorithms from its parent company, ByteDance. The deadline for the sale has been extended to December 16.