Trump orders creation of US sovereign wealth fund, says it could buy TikTok

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., January 31, 2025. REUTERS/Carlos Barria

U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.

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