A TikTok deal may finally be happening

The article discusses the ongoing negotiations between the United States and China regarding the ownership of the popular social media app TikTok. The US Treasury Secretary, Scott Bessent, has stated that a framework deal has been reached between the two parties, with the commercial terms agreed upon. The article highlights the history of the TikTok saga, including the Trump administration's attempts to ban the app in the US due to national security concerns over its Chinese ownership. The Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA) was later passed in 2024 by the US Congress, further complicating the situation. The article suggests that this potential deal could bring TikTok under some level of US control, as various companies, including Oracle and Microsoft, have expressed interest in acquiring the app. However, the final deal is yet to be signed, and the September 17 deadline may be pushed back to allow for further negotiations. Overall, the article provides a concise and unbiased summary of the key events and developments surrounding the TikTok ownership issue, which has been an ongoing source of tension between the US and China.