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Oracle Shares Rise on Preliminary TikTok Deal Between US and China

Oracle's stock price surged following news of a tentative agreement between the United States and China concerning TikTok operations.

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Terms & Concepts
  • Preliminary Deal: An initial agreement between parties outlining basic terms before a final, binding contract is reached.
  • TikTok: A popular short-form video-sharing app owned by Chinese company ByteDance.
  • $ORCL: The ticker symbol for Oracle Corporation, a leading American multinational technology company.