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A preliminary deal has been reached to allow TikTok to continue operating in the US. The agreement involves a US-based joint venture with a majority-American board, overseen by Oracle for security. The US government will not take an equity stake or a 'golden share'. President Trump will sign an executive order this week formalizing the deal and extending the deadline for a potential ban. The White House is confident China approves the deal and that no further regulatory hurdles are anticipated.

Prepared by Lauren Mitchell and reviewed by editorial team.