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Rupert Murdoch And Larry Ellison Watch As Donald Trump Meets Press In Oval Office And Signs Executive Order To Create Sovereign Wealth Fund
Rupert Murdoch and David Ellison were on hand as Trump took questions from the press.
Donald Trump signed an executive order today to begin the process of creating a sovereign wealth fund, a move that he said may be used to help set up a purchase of TikTok. He said, “I think it’s about time that this country had a sovereign wealth fund.” He said that his treasury secretary, Scott Bessent, and Howard Lutnick, his nominee to lead the Commerce Department, would head up the fund. Last year, Congress overwhelmingly passed legislation to try to force China-based ByteDance to sell TikTok’s U.S. operations, or face a ban on app stores and other platforms.
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