Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Trump Claims Oil Tankers Heading to U.S. Amid Iran War and Strait of Hormuz Crisis 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Britain Courts Anthropic Amid US Defense Department Dispute 
Australia's Social Media Ban for Under-16s Sparks Global Movement 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Chinese Cars in Europe: Consumer Trust Is Shifting Fast 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
TikTok CEO Shou Zi Chew has reportedly consulted Elon Musk for insights on navigating potential U.S. tech policy shifts under the Trump administration, according to the Wall Street Journal. ByteDance executives remain cautiously optimistic about securing TikTok's future in the United States.
TikTok CEO Seeks Elon Musk's Advice Amid U.S. Challenges
According to a report published by the Wall Street Journal on Saturday, which cited individuals familiar with the situation, Shou Zi Chew, the Chief Executive Officer of TikTok, which is owned by ByteDance, has reportedly sought Elon Musk's advice on matters pertaining to the United States. Musk is a close adviser to President-elect Donald Trump.
In recent weeks, Chew has been the one to initiate messages with the CEO of Tesla, asking for his thoughts on a variety of topics, including the incoming government and prospective policies regarding technology, according to the article.
Reuters' requests for comments were not immediately met by a response from Elon Musk, TikTok, ByteDance, or the administration of Donald Trump.
ByteDance Leadership Remains Optimistic Amid Uncertainty
Chew has kept ByteDance's senior leadership informed of the conversations, and executives are cautiously optimistic about finding a way forward. The Journal said that both executives have not discussed concrete methods to keep TikTok operational in the United States. Chew kept ByteDance's senior leadership informed of the talks.
In addition, the article stated that executives from ByteDance had been actively hedging their bets prior to the election in the United States by meeting with individuals who were close to both Trump and Kamala Harris, the Democratic contender for president.
Trump's Stance Could Influence TikTok's Future in the U.S.
Trump, who attempted to get TikTok banned in 2020 but was unsuccessful, has stated that he would not let TikTok to be banned if he were to be elected president in November.
