Trump signs ‘Saving TikTok’ order to start resolving its big ban problem

Here is a 188-word summary of the news article: President Donald Trump has signed an executive order recognizing a deal between ByteDance and the US that would address the TikTok divest-or-ban law. The deal values TikTok's US operations at $14 billion and puts it under the control of US-based companies. Under the agreement, TikTok's US business will be majority-owned and controlled by American firms, including Oracle, Silver Lake, and MGX. The new owners will have to follow rules to protect US data and national security. TikTok's recommendation algorithm, code, and content moderation system in the US will also come under the control of the new owners. Trump said he spoke with Chinese President Xi Jinping about the deal, who gave his approval. The president added that while he would like the content to be 100% "MAGA", all groups and philosophies will be treated fairly. The Trump administration has repeatedly delayed the TikTok ban deadline as negotiations progressed. Treasury Secretary Bessent said a "framework" deal has been reached, and Trump is confident a final agreement will be completed. While critics wanted a full TikTok sale, Trump's stance softened, partly due to his own popularity on the app and concerns about a potential backlash from young voters.