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Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States.
ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock
The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its...
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Apr 1, 2026 / Tyler Durden
First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia
First Valero Refinery, Now Largest U.S. Gasoline Pipeline Damaged In Georgia
Colonial Pipeline's Line 1, the largest U.S. gasoline pipeline running from Houston toward the East Coast, has halted operations after a third-party work crew damaged a section of the line in Georgia.
Bloomberg reported that the line stopped shipping fuel after the damage occurred on Tuesday in Paulding County, Georgia.
"Line 1 is out of service while our team coordinates response and repair efforts," Colonial said in a statement cited by the outlet.
The outage hits a critical fuel artery that...
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Apr 23, 2026 / Tyler Durden
Trump Orders Navy 'Shoot & Kill' Iranian Boats, Says 'Doesn't Need A Deal' - While Iran Insists Could Build Nuke 'If We Wanted To'
Apr 11, 2026 / Tyler Durden
Three Supertankers Carrying Iraqi And Saudi Crude Sail Through The Strait Of Hormuz
Three Supertankers Carrying Iraqi And Saudi Crude Sail Through The Strait Of Hormuz
The wait is over: after the Persian Gulf side of the Hormuz Strait had turned into a bit of a parking lot late last week as tankers piled up hoping to use the ceasefire and make the crossing, two Chinese supertankers loaded with crude sailed through the Strait of Hormuz hours after a Greek vessel moved through the waterway, marking a significant uptick in oil shipping traffic. It represents the biggest day of oil exits through Hormuz since...
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