President Donald Trump signed an executive order outlining plans to establish a government-run sovereign wealth fund. The fund would serve as an economic development account and might be used to partner with TikTok.
The popular social media app operates under a 75-day period during which its owner, ByteDance, is supposed to break away from its Chinese influence.
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In addition to TikTok, the fund would be used to pay for infrastructure projects in the U.S., including at airports and highways.
