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ByteDance, TikTok request pause on US ban

ByteDance and TikTok seek appeal to pause U.S. divestiture law to avoid ban, pending Supreme Court review.

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ByteDance and TikTok have requested a temporary court order to block a U.S. law requiring ByteDance to divest TikTok by January 19.

They filed an emergency motion with the U.S. Court of Appeals for the District of Columbia.

The companies warned that the law would shut down TikTok, affecting over 170 million U.S. users.

Without this injunction, TikTok faces a possible ban in six weeks, significantly diminishing its value and hurting businesses reliant on the app.

A three-judge panel recently upheld the law, mandating the divestiture.

The companies argue the likelihood of a Supreme Court reversal justifies a pause for further deliberation.

Additional time

They also pointed to President-elect Donald Trump’s opposition to a ban, suggesting additional time could help resolve the issue without Supreme Court intervention.

The Justice Department has indicated the appeals court should deny the request promptly for a timely Supreme Court review.

TikTok requested a decision by December 16, noting that the next actions depend on President Biden, who could extend the deadline, and Trump, who assumes office on January 20.

The feasibility of ByteDance demonstrating significant progress on divestiture remains uncertain.

Trump’s incoming national security adviser expressed his commitment to protecting user access to TikTok while ensuring data security.

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Trump’s shock Iran strike sparks global oil fears

Trump’s unexpected strikes on Iran’s nuclear sites unleash global concerns over oil prices and Strait of Hormuz security.

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Trump’s unexpected strikes on Iran’s nuclear sites unleash global concerns over oil prices and Strait of Hormuz security.


President Trump’s surprise strikes on Iran’s nuclear sites are sending shockwaves across the globe, with leaders weighing the fallout.

From rising oil prices to fears Iran could shut the Strait of Hormuz, the world is bracing for what comes next.

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#Trump #Iran #NuclearStrike #MiddleEastCrisis #OilPrices #StraitOfHormuz #Geopolitics #USForeignPolicy

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Treasurer Jim Chalmers blasts red tape in push for productivity boost

Treasurer Jim Chalmers urges reduction of excessive regulations hindering housing reform and clean energy, calling for a productivity revival in Australia.

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Treasurer Jim Chalmers urges reduction of excessive regulations hindering housing reform and clean energy, calling for a productivity revival in Australia.


Treasurer Jim Chalmers says it’s time to stop progressive red tape from strangling good ideas like housing reform and clean energy.

He’s demanding regulators cut back on excessive rules slowing growth and innovation across the economy. Chalmers is calling it a “wake-up call” for the left — and launching a major push to revive Australia’s productivity from the supply side.

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#JimChalmers #RedTape #AustralianPolitics #CleanEnergy #HousingCrisis #EconomicGrowth #Productivity #RegulationReform

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Iran responds as oil shock looms for West

U.S. airstrikes on Iran escalate tensions in the Middle East, prompting fears of disruptions in global oil markets as diplomacy efforts continue.

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U.S. airstrikes on Iran escalate tensions in the Middle East, prompting fears of disruptions in global oil markets as diplomacy efforts continue.


The world is reacting to fresh U.S. airstrikes on Iran’s nuclear facilities, as tensions escalate across the Middle East. With fears Iran could block the Strait of Hormuz — a vital oil shipping route — global markets brace for major disruption.

Vice President JD Vance says Iran’s uranium remains untouched, as Washington calls for renewed diplomacy. Meanwhile, Israel claims progress in countering Iran’s missile and nuclear programs, as Tel Aviv shows public support for U.S. action.

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#Iran #USStrikes #MiddleEastCrisis #StraitOfHormuz #OilPrices #Trump #Israel #TickerNews

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