Tag

Us Law

All articles tagged with #us law

business26 days ago

Oracle Shares Rise as TikTok US Deal Nears Completion

TikTok has reportedly signed a deal to spin off its U.S. operations into a joint venture with Oracle, Silver Lake, and MGX to comply with 2024 U.S. law banning TikTok unless ByteDance divests ownership. Oracle's stock rose over 4% on the news, as the deal secures a key cloud partnership and addresses regulatory requirements. The deal is expected to close by January 22, 2024, and reflects ongoing efforts to navigate U.S. restrictions on TikTok.

technology1 year ago

TikTok Battles US Court Over Potential App Ban

TikTok has filed an emergency request to block a U.S. law that mandates its Chinese parent company, ByteDance, to divest its ownership or face a ban in the U.S. The request follows a federal court ruling that upheld the law's constitutionality, dismissing TikTok's claims of First Amendment violations. The law, part of a broader national security package, gives ByteDance until January 2025 to comply. TikTok argues the law is a de facto ban and plans to appeal to the Supreme Court. The situation remains uncertain, especially with the upcoming change in U.S. presidential administration.

technology1 year ago

US Court Upholds TikTok Ban Amid Legal Challenges

TikTok plans to appeal to the Supreme Court after a federal appeals court upheld a law that could ban the app in the U.S. unless it is sold by January 19. The court ruled that TikTok poses a national security threat, as Chinese authorities could potentially access American data. The decision has sparked a debate over digital free speech and the government's power to regulate foreign tech companies. TikTok argues the ban would silence millions of users, while potential buyers, including former Trump officials, are considering bids. The Supreme Court's decision could delay the ban.

technology1 year ago

TikTok Developing US-Only Algorithm Amid Regulatory Pressure

TikTok is developing a separate recommendation algorithm for its U.S. users to address political concerns and potential legal requirements for divestiture from its Chinese parent company, ByteDance. This complex task involves splitting millions of lines of code and could take over a year to complete. TikTok and ByteDance are also challenging a U.S. law that mandates a sale or ban of the app by January 19, arguing it is not feasible.

us-law1 year ago

"Supreme Court Grapples with Scope of Bribery Laws"

The Supreme Court is considering limiting the scope of a federal statute that criminalizes the acceptance of gifts and payments by state and local officials and institutions receiving federal money to influence or reward their actions. The case involves a former mayor charged with violating the law after receiving payment from a company following a manipulated bidding process. Justices seemed inclined to narrow the law's reach, debating whether it applies only to before-the-fact bribes or also to after-the-fact gratuities.

politics1 year ago

"Senators Call for Biden to Halt Arms Sales Amid Israel Aid Debate"

A group of U.S. senators, including Bernie Sanders, insists that under U.S. law, the Biden administration must halt military aid to Israel unless it stops impeding aid deliveries to Gaza. They argue that Israel's actions violate the Foreign Assistance Act and urge Biden to enforce consequences. Despite admitting Israeli obstruction, the Biden administration has approved over 100 weapons sales to Israel since October. The senators' letter comes after reports of Israel turning away humanitarian aid, and pressure is mounting for the U.S. to use its leverage to address the crisis in Gaza.

politics1 year ago

"Sanders Urges Biden to Condition Aid to Israel, Citing Violation of U.S. Law"

A group of Democratic senators, led by Senator Bernie Sanders, urged President Biden to halt the provision of offensive weapons to Israel until it lifts restrictions on U.S.-backed humanitarian aid entering Gaza. They argued that by continuing to arm Israel, Biden was violating the Foreign Assistance Act, which prohibits military support to any nation that restricts the delivery of humanitarian aid. The senators emphasized that failure to expand humanitarian access and facilitate safe aid deliveries throughout Gaza would lead to serious consequences as specified under existing U.S. law.