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New York Post
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Trump signs TikTok deal that gives American investors majority control after ‘very good talk' with President Xi

1. Trump authorizes TikTok's control shift to U.S. investors. 2. Larry Ellison from Oracle is highlighted as a key investor. 3. Trump claims good communication with President Xi regarding the deal. 4. Officials express optimism about U.S.-China business relations.

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FAQ

Why Bullish?

Larry Ellison's involvement increases market confidence in Oracle. Historically, political clarity can boost stock prices.

How important is it?

Ellison's mention signifies Oracle's potential role in major deals, which may boost its image.

Why Short Term?

The immediate political decision can enhance investor sentiment. Last week's downturn might reverse due to this news.

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