President Trump, who said Friday night that he'll ban TikTok, may allow Microsoft to buy the app's U.S. operations if there's "complete separation" from the original Beijing-based company, Republican sources tell Axios.
What's new: Conversations with Republicans over the weekend suggest a possible blueprint for making the proposed Microsoft deal palatable to the White House.
The high-profile Facebook ad boycotts that began in June and ramped up in July, pressuring the social network to act more forcefully against hate speech, have so far not put much of a dent in Facebook's top or bottom lines.
Driving the news: Facebook beat Wall Street revenue expectations for the second quarter, and it said that the growth of its ad business during the first three weeks in July was roughly the same as it was last year during the same timespan.
Multiple zoos and aquariums across the U.S. face budget shortfalls after the coronavirus pandemic forced closures at the start of the busiest season for most animal parks, AP reports.
Why it matters: Hundreds of zoos are resorting to layoffs and pay reductions to respond to the pandemic’s impact. Though some zoos and aquariums have reopened, they are seeing fewer visitors, leaving administrators to ask their communities for support.
New Yorkers are flooding sellers in places like Miami and Palm Beach "with offers, and the supply of available properties is plunging," Bloomberg reports.
What's happening: Florida’s tax laws have long been a draw for rich individuals, but the pandemic has increased the state's allure.
President Trump said Friday that he plans to ban Chinese video app TikTok as soon as Saturday, via either executive order or emergency economic powers, according to White House press pool comments.
Why it matters: TikTok has been caught in the crossfires of the United States' escalating tensions with China.
