Walmart stock was rising on Monday on news that the discount retailer and Oracle are closing in on a deal to make TikTok a U.S.-based company.
Just before a Sunday deadline, the White House said it had approved a tentative deal that would have Walmart (ticker: WMT) and Oracle (ORCL) partner with ByteDance, the China-based owner of TikTok, to create a new company, TikTok Global, based in the U.S.
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