Oracle Shares Climb as US-China TikTok Negotiations Progress
The cloud infrastructure department at the Oracle Corp. office in Seattle, Washington.
Photographer: Chona Kasinger/BloombergOracle Corp. shares rose on news that negotiations over the future of TikTok are progressing, relieving some uncertainty around one of the software company’s key customers.
TikTok has been in limbo since the US decided to ban the app unless its Chinese owner divested it. President Donald Trump is scheduled to speak with Chinese President Xi Jinping on Friday after leaders from the two countries said a framework to keep the US app running was reached.