Oil Tankers Exit Strait of Hormuz as Trump Signals Possible Iran Deal 
X Corp Loses Legal Battle Over Australia Child Safety Fine 
Marco Rubio Visits India to Rebuild U.S.-India Ties Amid Trade and Geopolitical Tensions 
Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services 
Dollar Eases as US-Iran Peace Deal Report Impacts Forex and Bond Markets 
SpaceX Eyes AI Computing Expansion Ahead of Historic IPO 
Stellantis CEO Antonio Filosa to Reveal Turnaround Strategy Focused on U.S. Sales and China Partnerships 
Samsung Shares Surge After Strike Deal Eases Labor Tensions 
Dollar Slips as Risk Appetite Grows Amid Nvidia Rally and Iran Peace Hopes 
SoftBank Shares Surge as OpenAI IPO Buzz and SB Energy Filing Boost AI Optimism 
Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
Spying, Southampton and economic pressure cooker of the ‘richest match in football’ 
Trump to Swear In Kevin Warsh as New Federal Reserve Chair Amid Inflation Concerns 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop 
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.
