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Trump orders launch of sovereign wealth fund that may buy TikTok
short by Mansi Agarwal / on Tuesday, 4 February, 2025
US President Donald Trump has signed an executive order calling for the creation of a sovereign wealth fund. The order directed the US Treasury and Commerce Departments to deliver a plan within 90 days for the creation of the fund. Trump stated that the fund could potentially buy TikTok, which earlier received a temporary relief from a ban in US.
read more at Reuters