“It is time to return to our roots and break up” big tech to “oxygenate the marketplace,” says NYU marketing professor Scott Galloway.

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Donald Trump is gearing up to issue an order requiring ByteDance to sell its ownership interest in TikTok, according to multiple reports — otherwise, he's threatened to ban the short-form video app in the U.S. over security concerns related to its ties to China. At the same time, Microsoft is currently in talks to buy […]

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According to the New York Times, Microsoft is reportedly in talks to buy TikTok. This comes after President Trump and the White House administration have been looking into shutting down the company in the United States. The Final Round panel discusses the details.

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Suzanne Judd, Ph.D., an Epidemiologist at the University of Alabama at Birmingham School of Public Health, joins Yahoo Finance’s Akiko Fujita to discuss the latest coronavirus developments, as Dr. Anthony Fauci testifies before the House Select Subcommittee on the coronavirus crisis.

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(Bloomberg) — Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a person familiar with the matter.TikTok, a video-sharing app, is owned by China-based ByteDance Ltd., which has been evaluating changes to its business structure because of the U.S. government’s national security concerns.President Donald Trump plans to announce a decision ordering Bytedance to divest its U.S. ownership of TikTok, according to people familiar with the matter. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app. Trump’sdecision could be announced as soon as Friday, said the people.Microsoft is in talks to purchase TikTok’s U.S. operations, according to the person who asked not to be identified because the discussions are private. A spokesman for Microsoft declined to comment.Read more: Trump to Order China’s ByteDance to Sell TikTok U.S. OperationsByteDance bought Musical.ly Inc. in 2017 and merged it with TikTok, creating a social-media hit in the U.S — the first Chinese app to make such inroads.As TikTok became more popular, U.S. officials grew concerned about the potential for the Chinese government to use the app to gain data on U.S. citizens. The Committee on Foreign Investment in the U.S., which investigates overseas acquisition of U.S. businesses, began a review of the purchase in the fall of 2019.Read more: TikTok Mulls Changes to Business to Distance Itself From ChinaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Apple announced July 30 that it would split its stock 4 to 1. But why would a company want to divide its shares up and what does it mean for shareholders?

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The United States has agreed to pay Sanofi and GSK $2.1 billion for 100 million doses of its COVID-19 vaccine. Yahoo Finance’s Anjalee Khemlani shares the details.

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The FCC approved Amazon’s Project Kuiper, allowing the tech company to operate a constellation of 3,236 satellites. Yahoo Finance’s Dan Howley shares the details.

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(Bloomberg) — President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter.The U.S. has been investigating potential national security risks due to the company’s control of the app, and Trump’s decision could be announced as soon as Friday.Spokespeople for the White House and Treasury Department didn’t immediately respond to requests for comment. A TikTok spokesperson couldn’t be reached for comment.Snap Inc., a TikTok competitor, gained on the report, reflecting speculation that it may benefit from any move that weakens TikTok. Shares of the Santa Monica, California-based company were up 2 percent to $22.87 in New York.Bytedance bought Musical.ly Inc. in 2017 and merged it with TikTok, creating a popular and fast-growing social media hit in the U.S — the first Chinese app to make such inroads.As TikTok grew more popular, U.S. officials grew more concerned about the potential for the Chinese government to use the app to gain data on U.S. citizens. The Committee on Foreign Investment in the U.S., which investigates overseas acquisition of U.S. businesses, began a review of the purchase in the fall of 2019, according to a person familiar with the investigation.Earlier: ByteDance Is Said to Weigh TikTok Stake Sale Over U.S. ConcernsTikTok has become a political pawn between the U.S. and China, and elected officials have criticized the app’s security and privacy practices, suggesting that user data collected through the app might be shared with the Chinese government. Trump said earlier this month he was considering banning TikTok as a way to retaliate against China for its handling of the coronavirus.TikTok critics and competitors have played up that fear, including Facebook Inc., which has criticized the app for alleged censorship.Trump’s threat to ban TikTok came just a few weeks after reports that many TikTok users had tried to sabotage a Trump campaign rally by requesting tickets they never planned to use and coordinated a push to flood Trump’s 2020 campaign app with negative reviews.TikTok has been looking for ways to distance itself from its Chinese ownership, seeking to reassure the public that no data is stored on servers in China and that the app operates independently. Bytedance even appointed a CEO formerly of Walt Disney Co, Kevin Mayer, to run its operations in America.(Updates with U.S. review starting in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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The U.S.’s troubled response to the coronavirus pandemic was on display Friday, as the Trump Administration’s top health officials testified before Congress, warning that the virus’ spread would “likely continue for some time.”

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