Here's what's happening right now with the US TikTok deal

1. Oracle is part of a consortium bidding for TikTok's U.S. operations. 2. The deal could increase TikTok's U.S. business valuation to $60 billion. 3. Oracle will ensure app security and manage user data under the new ownership. 4. ByteDance will not access U.S. user data or influence the algorithm. 5. Finalization may lead to the discontinuation of TikTok in the U.S.