- Trump issued an executive order Thursday evening prohibiting US companies from making "any transactions" with TikTok's parent company ByteDance.
- The order is set to go into effect in 45 days.
- Trump said he would ban the app from the US, citing national security concerns, though it's not clear he has the authority to do that.
- Microsoft has been in talks to acquire the app, and Trump expressed that he would be open to a deal between the companies earlier this week.
- This is a developing story; check back for updates.
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