Media moguls Rupert and Lachlan Murdoch and tech entrepreneur Michael Dell are expected to be among the U.S. investors who would be part of the potential deal for TikTok, President Trump claimed on Sunday.
Why it matters: The exact terms and timing remain unknown, but it's becoming clearer that the process to bring a version of TikTok under U.S. control is at least advancing.
More than half a million new apartment units are expected to be completed this year — down roughly 21% from last year's record.
Why it matters: That's still above the annual average this decade, according to a report by listing site RentCafe.
But the pipeline is slowing as higher building costs, higher interest rates and a surplus of supply in some markets make developers cautious to start new projects.
A new $100,000 fee for H-1B visas goes into effect Sunday, but it will not be applied to existing holders of valid visas re-entering the country, a White House official tells Axios.
Why it matters: President Trump's executive order, as written, gave some lawyers the impression the fee would kick in immediately for existing holders — prompting panicked advice to clients to get back to the U.S. Saturday, or else.
A deal to bring TikTok's U.S. platform under American ownership is done and should be signed soon, with domestic control of the app's crown-jewel algorithm, White House press secretary Karoline Leavitt said Saturday.
Why it matters: While the White House said Friday a deal was done, Chinese officials gave mixed messages, and the app's fate was left uncertain.
Soaring investment in artificial intelligence, and the infrastructure that makes it possible, is driving economic growth and a booming stock market — but not demand for human workers.
The big picture: The job market is teetering despite — and perhaps in part because of — the onset of advanced AI. A core political question for the coming years will be what, if anything, government ought to do about it.
