News Snapshot:
President Donald Trump on Monday said that Oracle and Walmart will have "total control" over TikTok Global, a company to be formed if a deal between Oracle, Walmart and TikTok's parent company, ByteDance, is approved. But the deal isn't structured that way: Instead, Americans will hold four of the five seats on TikTok Global's board, with ByteDance's CEO holding the fifth seat. People familiar with the deal said that they think TikTok Global will be 53% American-owned if you count the American investors that own 41% of ByteDance along with Oracle's and Walmart's stakes. Following the weekend's announcement that Oracle...
