Trump Signs Executive Action to Create Sovereign Wealth Fund

Bloomberg News

Summary

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Trump made the announcement in an Oval Office executive-order signing ceremony.
NBC News
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President Donald Trump signed an executive order that outlines plans to for a government-run sovereign wealth fund to serve as an economic development tool and perhaps be used to buy TikTok.
CNBC
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Staff Secretary Will Scharf described the order as acting to 'begin a process that will hopefully result in the creation of an American sovereign wealth fund' – indicting it is short of fruition.
Daily Mail
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The fund is expected to be created in the next 12 months by the U.S. Treasury and Commerce Departments, though it’s not immediately clear how.
TechCrunch

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