Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
apnews.com/article/tiktok-ban-congress-bill-1c48466df82f3684bd6eb21e61ebcb8d
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
In the face of bans, ByteDance tightens grip over US TikTok operations: Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership ...
ft.com/content/0e040c03-e979-4acd-a6aa-6298301dcc42
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Congress Speeds TikTok Ban Bill By Adding It To Ukraine, Israel, Taiwan Aid Package
forbes.com/sites/johannacostigan/2024/04/18/new-legislative-package-proposes-aid-for-ukraine-israel-taiwan-and-banning-tiktok/
COVID-19: How the search for the pandemic's origins turned poisonous: The Chinese government froze meaningful efforts to trace the origins of the coronavirus ...
apnews.com/article/china-covid-virus-origins-pandemic-lab-leak-bed5ab50dca8e318ab00f60b5911da0c
Addis Ababa Ethiopia Metro's Decline Shows China's Step Back From Africa
bloomberg.com/news/articles/2024-04-12/addis-ababa-ethiopia-metro-s-decline-shows-china-s-step-back-from-africa
Texas man accused of impersonating cop after reports say he tried to pull over deputies
usatoday.com/story/news/nation/2024/04/16/texas-police-impersonator/73347039007/
LNG Isn’t Helping My Community, No Matter What the GOP Says: When it comes to the voices most concerned with the health and financial well-being of American ...
commondreams.org/opinion/lng-isn-t-helping-my-community
A rising star in the Biden administration, Commerce Secretary Gina Raimondo is helping confront both the expanding Cold War with China and Russia’s aggression ... Show more www.cbsnews.com/60-minutes/
What's next for Tiktok?: Things are getting serious for Tiktok: A US law aimed at forcing a change of ownership for the short video app is now in force ...
freiepresse.de/nachrichten/welt/wie-geht-es-jetzt-mit-tiktok-weiter-artikel13344847
IEA lowers global oil demand forecasts on weak OECD consumption: China set to continue leading growth even as its share of the global increase slows ...
thenationalnews.com/business/energy/2024/04/12/iea-lowers-global-oil-demand-forecasts-on-weak-oecd-consumption/
Texas chemical plants face stringent EPA emissions rules: New rules would require chemical plants to monitor the air around their facilities for a host of ...
houstonchronicle.com/business/energy/article/epa-petrochemical-crackdown-air-pollution-19391731.php
Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature
sun-sentinel.com/2024/04/23/senate-passes-bill-forcing-tiktoks-parent-company-to-sell-or-face-ban-sends-to-biden-for-signature/
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
TikTok’s Ban Bill Nightmare Is Just Beginning: The White House says it wants a divestment of TikTok, not a ban, but the challenges of unbundling it from its ...
forbes.com/sites/alexandralevine/2024/04/25/tiktok-ban-bill-bytedance-divest-china-biden/
Biden and the Dems Are Slowing Big Oil’s LNG Gravy Train: Citizens like me are grateful that some of our elected leaders are finally standing up to Big Oil.
commondreams.org/opinion/biden-dems-lng
Tibetan political leader ‘optimistic’ about passage of US bill on Tibet: The Senate Foreign Relations Committee has approved the bill, advancing it to the Senate ...
rfa.org/english/news/tibet/sikyong-optimistic-04182024170318.html
South Texas groups sue state over SpaceX land swap: A coalition of groups in South Texas are suing the Texas Parks and Wildlife Department for authorizing a land ...
houstonchronicle.com/news/houston-texas/space/article/spacex-land-swap-lawsuit-19395734.php
Oracle to spend over $8bn to build more data centers in Japan: TOKYO -- Oracle will spend a total of more than $8 billion over 10 years, starting in 2024 ...
asia.nikkei.com/Business/Technology/Oracle-to-spend-over-8bn-to-build-more-data-centers-in-Japan
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TikTok's Project Texas: Former Employees Cast Doubt on Data Security Measures
techtimes.com/articles/303658/20240416/tiktoks-project-texas-former-employees-cast-doubt-data-security-measures.htm
Tibetan political leader ‘optimistic’ about passage of US bill on Tibet: The Senate Foreign Relations Committee has approved the bill, advancing it to the Senate ...
rfa.org/english/news/tibet/sikyong-optimistic-04182024170318.html
Report: ByteDance still has access to US users’ TikTok data despite Project Texas
theverge.com/2024/4/16/24132315/tiktok-bytedance-project-texas-china-silo
Biden Is Giving TSMC $11.6 Billion in Funding for More US Chip Factories: The US is awarding Taiwan Semiconductor Manufacturing Corporation $6 ...
pcmag.com/news/biden-giving-tsmc-funding-for-more-us-chip-factories
Quick Glance: Billion-Dollar Deal Strengthens US Semiconductor Production and National Security
- The world's largest chipmaker is planning cutting-edge facilities in Arizona with substantial subsidies.
- From 2028, TSMC will produce its most advanced products in Arizona to boost US semiconductor production.
- The $65 billion investment in the US drives 2nm chip production and enhances national security.
- This move supports the goal of relocating 20% of global advanced semiconductor manufacturing onshore by 2030.
Oil Prices Rise Again. It’s Not Just About Middle East Tensions.: Markets are still anxiously awaiting Israel’s response to Iran’s attacks over the weekend ...
barrons.com/articles/oil-prices-iran-israel-china-6d66be22
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Supply Chain Latest: WTO Forecasts for Global Trade: Donald Trump was thousands of miles from the shores of Switzerland’s Lake Geneva on Wednesday but not out of ...
bloomberg.com/news/newsletters/2024-04-11/supply-chain-latest-wto-forecasts-for-global-trade
World first energy storage unit demonstrates zero degradation over 5 years: China's CATL – the world's largest EV battery producer – has launched TENER ...
newatlas.com/energy/catl-tener-energy-storage-system/
Tense: The Bloomberg Open, Europe Edition: Good morning. Oil prices gain as tensions mount in the Mideast. Susan Collins suggests fewer cuts at the Fed ...
bloomberg.com/news/newsletters/2024-04-12/tense-the-bloomberg-open-europe-edition
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Yen Watch: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-11/yen-watch-the-bloomberg-close-asia-edition
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East Houston grills TPC Group on urban chemical plant health, safety: The company, whose Port Neches petrochemical facility burned for a month in 2019 ...
houstonchronicle.com/business/energy/article/chemical-plant-tpc-environment-health-east-houston-19393523.php
Chip Materials Maker Soitec May Follow Client TSMC to the US: French chip materials company Soitec is considering building a factory in the US ...
bloomberg.com/news/articles/2024-04-11/chip-materials-maker-soitec-may-follow-client-tsmc-to-the-us
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Nio: 50 percent minus and now that too: Nio shares fell 50% in Q1; the entire electric car sector is weakening, including Tesla.
deraktionaer.de/artikel/deraktionaerplus/nio-50-prozent-minus-und-nun-auch-das-noch-20354608.html
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Five Key Charts to Watch in Global Commodity Markets This Week: Gold’s relentless surge to fresh record highs is proving to be a puzzle for many market observers ...
bloomberg.com/news/articles/2024-04-07/five-key-charts-to-watch-in-global-commodity-markets-this-week
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US crude output falls 6% in January due to severe cold, EIA says: U.S. crude oil production dropped in January to 12.5 million barrels per day (bpd) ...
reuters.com/markets/commodities/us-crude-oil-production-down-january-due-severe-weather-eia-says-2024-03-29/
‘It’s a dolphin!’: Researchers uncover unusual ancient fossil in the Amazon: This week, meet an ancient dolphin that was twice the size of a human ...
cnn.com/2024/03/30/world/amazon-dolphin-science-newsletter-wt-scn/
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GUAXIN Autumn/Winter 2024 collection show by Chunlin Yang, during China Fashion Week in Beijing
reuters.com/pictures/photos-of-the-day/pictures-day-march-29-2024-2024-03-29/5I7HC6BH5RIU7CG3RFOVDJZXNI/
Tesla on the decline: The little Tesla shouldn't come - and Musk rages: According to media reports, the small Tesla 2, a central model in the electric car ...
kleinezeitung.at/wirtschaft/18341033/der-kleine-tesla-soll-doch-nicht-kommen-und-musk-wuetet
TikTok ban: Creators warn of economic impact if app sees ban: TikTok creators across the country are expressing frustration over a bill passed by the U.S ...
apnews.com/article/tiktok-ban-reaction-influencers-4ae88afbc344630b2c1091a4a1784078
Quick Glance: TikTok Ban: Economic and Social Implications for Creators
- Creators in the U.S. express concern over a potential ban of TikTok, highlighting the impact it could have on their livelihoods.
- The app, a vital income source for many, has also served as a platform for dialogue and community building.
- Some view TikTok as an opportunity for marginalized groups, while others fear the dangerous precedent a ban could set.
- TikTok's influence extends beyond financial aspects, with significant social implications that many consider essential and invaluable.
Texas companies race to develop hydrogen as a fuel: Supporters say developing hydrogen as a fuel is critical to slowing climate change. Critics are concerned ...
texastribune.org/2024/03/25/texas-energy-clean-hydrogen/
BREAKING: The House votes 352-65 to pass a bill that could ban TikTok in the U.S.
The legislation now heads to the Senate, where it faces an uncertain fate ... Show more www.nbcnews.com/politics/congress/tiktok-bans-fate-uncertain-senate-less-urgency-act-rcna143162
Quick Glance: TikTok Ban: Impact Beyond Gen Z Users
- A potential ban on TikTok would have far-reaching effects, given the diverse and evolving user base.
- TikTok users are politically polarized, with a predominant younger audience. Their views differ from the average American.
- The platform has a rapidly growing user base that is undergoing demographic changes, especially with an increase in users aged 30-49.
- The use of TikTok as a primary source of news and information influences user opinions, leading to political polarization, particularly among younger users.
It could be months before the Senate takes up a TikTok bill, despite warnings about China
nbcnews.com/politics/congress/months-senate-takes-tiktok-bill-warnings-china-rcna144301
Pair accused of stealing battery manufacturing secrets from Tesla and starting their own company
apnews.com/article/tesla-trade-secrets-stolen-criminal-charges-ca036b5f9a829435f281877f4610f653
Commentary: Potential US TikTok ban shows many still struggle with real concerns: Coming hot on the heels of the US Senate’s recent grilling of TikTok’s ...
channelnewsasia.com/commentary/tiktok-ban-us-china-bytedance-security-data-4205476
How Texas air quality monitoring fails Latino communities: Public data from a network of state air monitors around the Houston Ship Channel is hard to interpret ...
texastribune.org/2024/03/14/texas-air-monitoring-tceq-cloverleaf-houston-ship-channel/
TikTok users flood Congress with calls as House weighs potential ban: TikTok users inundated congressional offices with calls Thursday after the company urged ...
washingtonpost.com/technology/2024/03/07/tiktok-ban-congress-calls-us/
Quick Glance: Could TikTok Face a Ban in the US?
- TikTok once again finds itself in a precarious position due to a legislative proposal.
- A bill unanimously approved by the House would ban TikTok if it doesn't sever ties with ByteDance, its parent company in Beijing.
- Concerns exist that TikTok could share data with the Chinese government, raising national security worries.
- A nationwide ban could impact small businesses, influencers, and users who utilize the platform for marketing purposes.
Do Oklahomans care about banning TikTok? The ban isn’t wrong, but may be necessary.
oklahoman.com/story/opinion/columns/2024/03/29/are-oklahomans-concerned-about-banning-tiktok/73110501007/
Georgia bill that would limit land purchases by Chinese 'agents' passes state House
nbcnews.com/news/asian-america/georgia-bill-limit-land-purchases-chinese-agents-rcna144655
Poppies to Pig-Butchering: Inside the Golden Triangle’s Criminal Reboot: The rise of a multibillion dollar trafficking, drug, and scam industry marks a reboot ...
time.com/6899646/scams-trafficking-drugs-southeast-asia-golden-triangle/
How Ken Paxton’s impeachment may end Dade Phelan’s career: The May 28 runoff promises to be an expensive, high-profile contest that will help reshape the ...
texastribune.org/2024/03/07/dade-phelan-texas-speaker-david-covey-paxton/
SB4 ruling: Dade Phelan says Texas police must enforce migrant law: Texas House Speaker Dade Phelan criticized the Fort Worth Police Department for its reaction ...
houstonchronicle.com/politics/texas/article/sb4-migrant-law-house-speaker-19276825.php
MH370: Hope for survivors of plane crash victims: The fate of flight MH370 remains a mystery. To date the wreck has not been found. But after ten years ...
stern.de/panorama/mh370--hoffnung-fuer-hinterbliebene-von-opfer-des-flugzeugabsturzes-34520102.html
Quick Glance: MH370: A Decade of Aviation's Mystery
- A decade ago on March 8, a Malaysia Airlines flight vanished without a trace, becoming one of aviation's biggest mysteries.
- Malaysia's government may renew the hunt for MH370 following a proposal from an American marine robotics company.
- Theories about the disappearance range from hijacking to cabin oxygen loss, with no definitive answers yet.
- Despite previous unsuccessful searches for MH370, there are considerations to utilize new technology for a fresh search.
First privately owned spacecraft lands successfully on the Moon: The Nova-C Odysseus spacecraft landed on the Moon’s south pole region on Thursday ...
independent.co.uk/space/moon-landing-today-odysseus-nasa-b2501022.html
Quick Glance: Moon lander Odysseus tipped sideways on lunar surface
- Intuitive Machines confirms the moon lander Odysseus is 'alive and well' but resting sideways on the lunar surface.
- Although the landing was successful, engineers discovered the craft had tipped over during its final descent.
- Communication with the lander is ongoing, with expectations of obtaining the first images from the lunar surface.
- Most of the scientific payloads are accessible despite the sideways position, with some limitations in communication.
HongShan: Former Sequoia fund exploring European market, sources say: HongShan, a $9 billion tech fund formerly known as Sequoia China, has spent time engaging ...
businessinsider.com/hongshan-former-sequoia-china-fund-exploring-european-tech-market-sources-2024-3
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CDU, coker shut by leak at TotalEnergies Texas refinery, sources say: The coker and small crude distillation unit (CDU) were shut by a leak on the ...
reuters.com/business/energy/cdu-coker-shut-by-leak-totalenergies-texas-refinery-sources-say-2024-03-11/
US lawmakers call for release of Uyghur prisoners: The group said they welcomed the Biden administration’s pressure campaign so far, but that more is needed.
rfa.org/english/news/uyghur/prisoners-congress-letter-03082024151556.html
Bird Flu: Can Humans Get It? Risks of Avian Influenza, Explained: A strain of highly pathogenic avian influenza that’s been decimating wild and captive flocks of ...
bloomberg.com/news/articles/2024-04-02/bird-flu-can-humans-get-it-risks-of-avian-influenza-explained
Quick Glance: Bird Flu Detected in Dairy Worker in Texas
- A dairy worker in Texas is being treated for bird flu, marking the second human case in the US caused by a highly virulent virus that recently affected dairy cows in five states, officials confirmed.
- The case raises concerns among health experts about human-to-human transmission and the potential for the virus to evolve, emphasizing the need for proactive measures by US policymakers to prevent a possible pandemic.
- Experts are closely monitoring the situation as the virus spreads among cattle in multiple states, indicating possible cow-to-cow transmission.
- The CDC and other agencies are vigilant, with ongoing investigations and vaccine development efforts to address the evolving strain of bird flu that poses a risk to both human and animal health.
20-year-old shoots, kills man who was assaulting woman in Jefferson County: Police said one man was assaulting his romantic partner when another intervened and ...
stltoday.com/news/local/crime-courts/20-year-old-shoots-kills-man-who-was-assaulting-woman-in-jefferson-county/article_b1209206-d804-11ee-9c54-93cffb4abcfa.html
Trump, Abbott show who is boss in Texas GOP politics: The real sign of their power was down the ballot in races where their endorsed candidates pulled off major ...
houstonchronicle.com/politics/election/2024/article/trump-abbott-texas-gop-18707601.php
Paxton and allies target court of criminal appeals judges: The attorney general has tried to supplant eight Republican judges on the court after they rejected ...
texastribune.org/2024/02/19/court-of-criminal-appeals-republican-ken-paxton/
Oil Updates – crude gains on expectations of higher demand and Middle East concerns rise
arabnews.com/node/2486696/business-economy
ELLE Escapes: Dallas: Everything you need to know about traveling to "The Big D."
elle.com/culture/travel-food/a46651370/dallas-texas-best-restaurants-hotels-shopping-review/
Eyeing China, senior US lawmaker vows to back funding for Pacific islands: The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee ...
reuters.com/world/eyeing-china-senior-us-lawmaker-vows-back-funding-pacific-islands-2024-02-16/
SEE IT: When bus driver Larry Farrish pulled up to Levi Carrier Jr.’s bus stop, he saw the first-grader was upset. When he found out it was because Levi didn’t ... Show more bit.ly/49CBvQJ
Hays school district releases dash cam video from fatal bus accident. www.expressnews.com/hill-country/article/hays-tom-green-bus-crash-video-19373418.php
Ken Paxton seeks to oust GOP judges on top criminal court: Texas Attorney General Ken Paxton has targeted incumbent judges on the Court of Criminal Appeals in ...
dallasnews.com/news/politics/2024/02/27/ag-ken-paxton-pushes-to-oust-3-gop-judges-who-joined-a-ruling-he-opposes/
Rahim Fortune’s New Book Is a Poetic Portrait of Black Southern Identity: Published by Loose Joints, Rahim Fortune’s latest photography book Hardtack is a ...
anothermag.com/art-photography/15549/rahim-fortune-photographer-interview-hardtack-book-loose-joints
Oil rises, markets await OPEC+ decision amid mixed demand drivers: Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited ...
reuters.com/business/energy/oil-prices-rise-gaza-deaths-complicate-ceasefire-talks-2024-03-01/
Oil Prices Hit New Peaks: A Global Perspective: Oil futures climbed to their highest since October on Monday, spurred by surprising industrial data from China ...
riotimesonline.com/oil-prices-hit-new-peaks-a-global-perspective/
Latest Oil Prices, Market News and Analysis for April 1: Oil steadied after capping a solid first-quarter gain as data from China added to signs of a recovery ...
bloomberg.com/news/articles/2024-03-31/latest-oil-market-news-and-analysis-for-april-1
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Proof of Work: This is why Bitcoin's high power consumption is important: Why is Proof of Work important for Bitcoin? Read the most important information about ...
handelsblatt.com/finanzen/anlagestrategie/trends/proof-of-work-darum-ist-der-hohe-stromverbrauch-von-bitcoin-wichtig/100027581.html
East Texas carbon storage eyed by Exxon, Oxy, more: Chevron, Exxon, Oxy, others converging in East Texas because of its favorable geology ...
houstonchronicle.com/business/energy/article/carbon-storage-east-texas-18676152.php
Pictures of the week: Ukraine in miniature: In Kiev, work is underway on a "mini-Ukraine", in China spooky-looking models are walking at Fashion Week and in ...
spiegel.de/panorama/bilder-der-woche-die-ukraine-ganz-klein-a-14914fd5-f45f-480f-ae57-5790a5a8fb58
Japan stuns China in FIBA Asia Cup Qualifiers to end 88-year skid: Japan claims its first men's basketball win over China since the 1936 Olympics in Berlin ...
rappler.com/sports/fiba/asia-cup-qualifiers-game-results-japan-china-february-25-2024/
TotalEnergies Texas refinery running at minimal rates, say sources: TotalEnergies' 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas ...
reuters.com/business/energy/totalenergies-texas-refinery-running-minimal-rates-say-sources-2024-02-21/
Scoop: Johnson taps Rep. John Moolenaar to lead Select Committee on China: Rep. John Moolenaar replaces outgoing committee head Rep. Mike Gallagher who plans to ...
axios.com/2024/03/25/john-moolenaar-china-select-committee-congress
A brief history of famous Moon landings.
Here's a look back at notable attempts -- both successful and unsuccessful -- at landing on Earth's cosmic companion ... Show more u.afp.com/5NHc
Pressure on UK to follow US in toughening stance on TikTok: London risks getting caught up in Washington’s burgeoning battle with China over the app.
politico.eu/article/uk-tiktok-follow-united-states-toughen-stance/
‘Historic breakthrough’: China’s installed wind turbine cost drops to one-fifth of the US in green energy race
scmp.com/news/china/science/article/3257036/historic-breakthrough-chinas-installed-wind-turbine-cost-drops-one-fifth-us-green-energy-race
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TikTok of alligator goes viral after it dines at East Texas beach: At Sea Rim State Park near Port Arthur, a gator munched on what looks like a turtle ...
expressnews.com/news/texas/article/gator-ham-fishing-sea-rim-park-texas-beach-video-19369431.php
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