Business
business
Nia Warfield

Trump to extend TikTok sale deadline another 90 days

TikTok is getting another lifeline. President Trump is set to sign an executive order that would push the divest-or-ban deadline for the popular social media app back by another 90 days.

On Wednesday, White House Press Secretary Karoline Leavitt reinforced that the administration doesn’t want the app to go dark and will “ensure [a] deal is closed.”

This is the third time the date has been pushed back. In January, the app was offline in the US for just a day before coming back online and eventually being reinstated on the Google Play and Apple App store. The new deadline would push the current deadline, originally this Thursday, to around mid-September.

Trump to extend TikTok deadline for third time, pushing decision out another 90 days

TikTok/Trump

This is the third time the date has been pushed back. In January, the app was offline in the US for just a day before coming back online and eventually being reinstated on the Google Play and Apple App store. The new deadline would push the current deadline, originally this Thursday, to around mid-September.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Large fire reported again at Novelis aluminum plant in Oswego County

Large fire reported again at Novelis aluminum plant in Oswego County

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Max Knoblauch
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