Oracle Corp.

Oracle won the bidding for TikTok’s U.S. operations, beating out Microsoft Corp., but more hurdles are ahead. President Trump said on Wednesday that he wasn’t prepared to sign off on a deal that could also award a stake to Walmart Inc. Administration officials still want American investors to hold a majority of the Chinese-owned app. Starting Sunday, the White House will also start banning use of TikTok due to national-security concerns. Oracle shares rose 4.3% Monday.

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