"Ex-Treasury Secretary Mnuchin Organizes Investor Group to Purchase TikTok"

Former US Treasury Secretary Steve Mnuchin has revealed plans to gather investors to purchase TikTok, stating that the app "should be owned by US businesses." This comes after the House of Representatives passed a bill seeking to ban the app unless its Chinese parent company ByteDance divests from its US operations. Mnuchin's proposal follows previous attempts to transfer control of TikTok to US entities, with concerns over national security and user privacy driving the legislative actions. However, ByteDance has refuted these concerns, and the bill's prospects in the Senate remain uncertain.