News Snapshot:
(Bloomberg) -- Chinese state media blasted Oracle Corp.’s proposed deal with the hit video app TikTok, calling the agreement hammered out under pressure from the Trump administration a “dirty and underhanded trick.†“What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company,†the state-run China Daily wrote in a Wednesday opinion piece. That came after the Communist Party-backed Global Times tabloid called the TikTok deal an “unpalatable gambit†and accused the U.S. of resorting to “extortion†in its efforts to compel the app’s owner,...
