"Ex-Treasury Secretary Mnuchin Organizes Investor Group for TikTok Purchase Amid Ban Threats"

Former Treasury Secretary Steven Mnuchin announced plans to form an investor group to purchase TikTok amid concerns about its Chinese ownership and national security implications. The House passed a bill that would ban TikTok in the U.S. if its Chinese owner does not sell its stake, prompting Mnuchin's move. The bill now goes to the Senate, where its prospects are uncertain. Mnuchin emphasized the need for U.S. ownership of TikTok and suggested that big tech companies may face antitrust issues in acquiring the platform. The potential sale comes amid ongoing concerns about data security and U.S.-China relations.