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Why Alibaba, Nio Could See Relief From Regulatory Overhang On Chinese Stocks
Friday, April 1, 2022 - 11:21am | 683After the steep drop seen in U.S.-listed Chinese stocks amid delisting fears, China has shown willingness to arrive at a resolution. A recent report suggests Chinese regulators are working overtime to sort out differences that would allow the continued listing of these companies. What...
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Zoom, Five9 $15B Deal Comes Under Justice Department Scrutiny
Wednesday, September 22, 2021 - 2:53am | 374Zoom Video Communications Inc’s (NASDAQ: ZM) deal to buy customer-service software company Five9 Inc (NASDAQ: FIVN) is being investigated by a U.S. Department of Justice-led panel over the former's ties with China, The Wall Street Journal reported on Tuesday, citing a Federal...
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Musk Says Tesla Would Be 'Shut Down' If Its Cars Were Used To Spy In China
Saturday, March 20, 2021 - 10:55am | 547Tesla CEO Elon Musk has responded to news reports that its vehicles have been banned from locations in China considered sensitive by the government. What Happened: Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Saturday that his company would be "shut down" if its car were involved in...
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US Allows Deadline On TikTok Deal To Lapse, Talks To Continue
Saturday, December 5, 2020 - 12:40pm | 497TikTok's future remains murky as the U.S. heads into a new presidential administration still with no final sale. What Happened: The Trump administration did not extend the Friday night deadline for the forced sale of TikTok's U.S. assets, following two previous extentions. But the Treasury...
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Delay TikTok Ban Or Defend By Friday, Judge Tells Trump Administration
Friday, September 25, 2020 - 1:29am | 475TikTok may have secured legal respite against the ban on its U.S. operations after U.S. District Judge Carl Nichols on Thursday asked President Donald Trump's administration to either file a response to TikTok's injunction by 2:30 p.m. ET Friday, or delay the ban that goes into effect...
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TikTok Parent Puts Ball In China's Court — Says Will Abide By Tech Export Rules
Thursday, September 24, 2020 - 1:15am | 490ByteDance has applied for an export license from China's regulator, as it moves ahead with a deal involving Oracle Corporation (NASDAQ: ORCL) and Walmart Inc (NYSE: WMT) taking 12.5% and 7.5% stake respectively in subsidiary TikTok Global's U.S. operations, reports CNBC. What Happened:...
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Ex-Google CEO Schmidt Weighs In On Trump-TikTok Battle
Tuesday, August 25, 2020 - 4:10pm | 456TikTok has until Sept. 15 to sell its popular social media app to an American buyer, according to an order from President Donald Trump — but there might be a simpler way to keep everyone happy, former Google CEO Eric Schmidt said on CNBC's "Squawk Box." What...
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John Bolton Out As Trump's National Security Advisor
Tuesday, September 10, 2019 - 12:40pm | 543Differences in outlook on how best to deal with adversarial countries led President Donald Trump on Tuesday to dismiss National Security Advisor John Bolton and will force the president to choose a fourth person for the job less than three years into his administration. Trump said on Twitter he...
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When Open Source Info On Fitbit, Twitter Jeopardize US Security
Saturday, February 3, 2018 - 12:21pm | 779The U.S. military, formerly an unabashed advocate of Fitbit Inc (NYSE: FIT) devices, is reviewing its policy on the use of fitness trackers at operational sites after a workout app inadvertently exposed the whereabouts of secret army bases. Since November, Strava, “the social network for...