00:09 Speaker A
Well, the first thing you need to know is that the president signed an executive order last night declaring that his plan to sell Chinese-owned TikTok’s US operations to US and global investors has got the green light from both Washington and Beijing.
00:27 Speaker A
The new US company will be valued at around $14 billion. That’s well short of what many analysts had estimated. Some had said the value should be closer to $40 billion.
00:37 Speaker A
Now, the owners of the new group are thought to include Larry Ellison’s Oracle, Michael Dell, and Rupert Murdoch.
00:44 Speaker A
Now, the next thing you need to know and keep an eye on is defense stocks, especially in Europe.
00:50 Speaker A
Why? Well, European diplomats warned the Kremlin this week that NATO is ready to respond to further violations of its airspace with full force, including by shooting down Russian planes.
01:03 Speaker A
Now, remember, three MiG-31 fighter jets flew over Estonia according to officials. Russia denies this and says it’s not trying to test NATO.
01:12 Speaker A
All right, the third thing you need to know about is that Meta has had discussions with Google about the possibility of using its Gemini models to improve its ad business.
01:21 Speaker A
That’s according to a report in The Information.
01:25 Speaker A
Remember that Google and Meta directly compete in the online advertising market, and Meta has already been considering partnerships with Google and OpenAI to improve its AI features.