President Donald Trump signed an executive order outlining plans to establish a government-run sovereign wealth fund. The fund would serve as an economic development account and might be used to partner with TikTok.
The popular social media app operates under a 75-day period during which its owner, ByteDance, is supposed to break away from its Chinese influence.
In addition to TikTok, the fund would be used to pay for infrastructure projects in the U.S., including at airports and highways.