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Trump says he doesn't like what he's heard of TikTok deal

6 days ago   |   By Fortune

President Donald Trump said he's not happy with what he's heard about the terms of Oracle's bid for the Chinese-owned video app TikTok but added he won't be briefed on details until Thursday morning.
“Just conceptually, I can tell you I don't like that,” he said after a reporter told him that TikTok's Chinese owner, Bytedance, would retain a majority of the company's assets, with Oracle acquiring a minority stake.
“I'm not prepared to sign off on anything,” Trump said, adding that he needs to hear more details of the proposal.
Top Trump administration officials have raised concern that...
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Salesforce, its partners, and its customers will all feel the absence of its massive, in-person extravaganza this year, experts say: 'The Dreamforce void will hurt'

Salesforce, its partners, and its customers will all feel the absence of its massive, in-person extravaganza this year, experts say: 'The Dreamforce void will hurt'

6 days ago   |   By Business Insider

Summary List Placement
Salesforce's flashy, star-studded annual Dreamforce conference is usually one of the most anticipated tech conferences each year. Thousands of attendees pour into downtown San Francisco each fall to hear from Salesforce executives, partners, and customers alongside high profile speakers and performers. However, this year things will be quite different.
In April, Salesforce cancelled all in-person events for the rest of 2020 and said it would "reimagine" them in "in new and virtual ways." Salesforce has yet to announce any new information about what a virtual...
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Experts say that Microsoft's failed bid to acquire TikTok could be a blessing in disguise, as the $1.6 trillion tech titan looks for its next big thing

Experts say that Microsoft's failed bid to acquire TikTok could be a blessing in disguise, as the $1.6 trillion tech titan looks for its next big thing

6 days ago   |   By Business Insider

Summary List Placement
Microsoft lost its bid to acquire TikTok's US operations after parent company ByteDance stuck a deal to make Oracle its "trusted technology provider" in the US, bringing a months-long battle with the Trump administration closer to a conclusion.
Oracle has submitted a proposal to the US Treasury Department for approval, and details of the deal are still coming into focus. While the unpredictable nature of the TikTok deal - and the need for any bid to overcome lawmakers' national security concerns around the app - makes it difficult to rule out any outcome, it appears...
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Payments startup SpotOn Transact raised its second 2020 funding round, $60...

Payments startup SpotOn Transact raised its second 2020 funding round, $60 million from DST Global, without a pitch deck

Summary List Placement San Francisco-based payments startup SpotOn Transact has raised $60 million from Twitter backer DST Global during the coronavirus without a formal pitch... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets... Read more ...

The world's biggest wealth manager says hopes for a vaccine may make the Fed...

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Summary List Placement Mark Haefele, chief investment officer at UBS Global Wealth Management, told Business Insider the worst of the recent weakness in the stock market is... Read more ...

Investors send markets higher even as COVID concerns grow

Investors send markets higher even as COVID concerns grow

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A former Apple worker just launched a new app to help motorists manage their...

A former Apple worker just launched a new app to help motorists manage their vehicles. Check out the pitch deck he used to win $2 million in funding

Summary List Placement A new app designed to help motorists to deal with their vehicle admin, including everything from tax to parking tickets, has just launched in the... Read more ...

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Summary List Placement Tesla lost around $50 billion of its value after founder Elon Musk said it would take until 2022 for Tuesday's "Battery Day" announcements to reach... Read more ...

Blizzard cofounder Mike Morhaime launches new gaming endeavor Dreamhaven

Blizzard cofounder Mike Morhaime launches new gaming endeavor Dreamhaven

Mike Morhaime, cofounder of Blizzard Entertainment, has launched a new game company called Dreamhaven, with two new game studios. Read more ...

Gold and silver get hit by hawkish Fed boost to dollar - which has reached...

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Summary List Placement Gold, silver, and other commodities tumbled after the dollar got a lift from Chicago Fed President Charles Evans, who said the central bank could raise... Read more ...

TuSimple expands self-driving trucks to Europe with Traton partnership

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Self-driving truck startup TuSimple inked an agreement with Traton that will give the VW subsidiary a minority stake in the startup. Read more ...

Asian shares take breather after Wall Street gains

Asian shares take breather after Wall Street gains

Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Read more ...