News Snapshot:
President Donald Trump has issued a ban on U.S. transactions with the Chinese parent companies of video-sharing app TikTok and messaging app WeChat, citing threats the two subsidiary firms present in harvesting the data of U.S. citizens. In two executive orders late Thursday, Trump said transactions to be identified by Commerce Secretary Wilbur Ross with ByteDance Ltd., the owner of TikTok, and Tencent Holdings Ltd., the owner of WeChat, will be prohibited within 45 days. “The spread in the United States of mobile applications developed and owned by companies in the People’s Republic of China (China) continues to threaten the...
