Wall Street Breakfast
TikTok divestment bill on potential fast track
Apr 18, 2024
Anne Wojcicki, CEO of 23andMe, discusses taking her DNA-testing company private. The podcast also covers the TikTok divestment bill, Micron's grant funding, and current market insights on companies like Tesla, Oracle, and NVIDIA.
05:40
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Quick takeaways
- Potential fast-track TikTok divestment bill in Congress with bipartisan support
- Micron awarded $6.1B grant to boost U.S. chip manufacturing, aiming to reduce dependency on Asian companies
Deep dives
TikTok Facing Potential U.S. Ban
Proposed bill might fast-track a TikTok divestment from ByteDance, with President Biden's support. Snapchat sees positive stock movement anticipating this, with Meta and Google also impacted. Bipartisan support for the bill requiring TikTok to separate from ByteDance.
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