Congress

TikTok looks to downplay its China ties

Illustration of someone cutting a tag off of TikTok
Illustration: Aïda Amer/Axios

As lawmakers and regulators zero in on issues around Chinese tech companies and U.S. tech companies' ties to China, the longstanding low U.S. profile of Chinese tech brands is beginning to change.

The big picture: Our devices are made in China but our software and services, for the most part, aren't. TikTok is a big exception — and now the video-sharing network is under fire amid concerns over its Chinese ownership and the potential for censorship or risks to user data.

How private equity could disrupt the 2020 election

Illustration of Congressional dome lifting to show a platter of money
Illustration: Sarah Grillo/Axios

All eyes today are on the House of Representatives, which this morning hosts a hearing that could significantly impact the 2020 presidential election.

Driving the news: No, not impeachment. I'm talking about the House Financial Services hearing on private equity, an industry that yesterday received two fresh lashings from Sen. Elizabeth Warren.