Donald Trump says US buyers ready to buy TikTok, hints deadline extension

President Trump indicated potential American buyers for TikTok and a possible extension for ByteDance to sell its US assets, dismissing privacy/security concerns. Simultaneously, TikTok plans to lay off hundreds of content moderators in the UK and Asia, shifting towards AI-driven moderation. This decision faces criticism from unions, who are raising concerns about the safety implications…

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Treasury’s No 2 out: Michael Faulkender quits in 5 months; second top exit in a month

Michael Faulkender is stepping down as US Treasury Department’s deputy secretary after less than five months in the role. Treasury Secretary Scott Bessent praised Faulkender’s contributions to the “One Big Beautiful Bill” and the “GENIUS Act,” as well as his work on sanctions. His departure follows that of IRS chief Billy Long, marking recent leadership…

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