According to @StockMKTNewz, citing Bloomberg, TikTok’s CEO told employees that parent company ByteDance has signed binding agreements to create a U.S. joint venture majority-owned by American investors including Oracle (ORCL), Silver Lake, and MGX, source: Bloomberg/@StockMKTNewz. ORCL shares rose about 4% in after-hours trading following the headline, source: @StockMKTNewz. For crypto traders, BTC’s correlation with U.S. equities has risen notably in recent years, increasing the relevance of major U.S. tech-policy headlines for market monitoring, source: IMF Global Financial Stability Report (Oct 2022).