TikTok finally cut a deal, but there's still plenty of uncertainty about what comes next

"We've finally got a TikTok deal. The specifics of it are another question. President Donald Trump signed an executive order blessing TikTok's sale for roughly $14 billion, writes BI's Dan Whateley. The deal ends the threat of the divest-or-ban law hanging over the app's head since the beginning of the year. TikTok's new US era doesn't mean the questions surrounding its future will stop. In fact, Trump's executive order led to many more questions."

"One big one is who exactly is getting TikTok. While it will be a consortium of investors, the exact makeup of the group wasn't disclosed. Trump said "four or five world-class investors" are involved, including Michael Dell, Rupert Murdoch, and Larry Ellison. Oracle will also audit TikTok's all-important algorithm, according to an earlier statement from White House spokesperson Karoline Leavitt. "What this deal ensures is that the American entity, the American investors, will actually control the algorithm," Vice President JD Vance said."

Golf tournament between the US and Europe begins on Long Island at Bethpage with Business Insider's Alice Tecotzky on site. Amazon reached a record $2.5 billion settlement with the FTC over Prime subscription practices. President Donald Trump approved a roughly $14 billion sale of TikTok to a consortium of mostly US investors, lifting the divest-or-ban threat. Named investors include Michael Dell, Rupert Murdoch, and Larry Ellison, and Oracle will audit TikTok's algorithm. Vice President JD Vance said the American entity and investors will control the algorithm. Users should not expect immediate significant changes, but many questions about future ownership, deal specifics, and long-term oversight remain.

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