Trump Initiates Creation of US Sovereign Wealth Fund
- President Donald Trump signed an executive order to create a U.S. Sovereign wealth fund that could potentially buy TikTok, aiming for it to be one of the largest in the world.
- Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are tasked with establishing the fund, which may take up to 12 months to open.
- Trump mentioned that the fund could invest in various sectors, including vaccine manufacturers, and could generate wealth for American citizens.
- The previous administration under Joe Biden had considered a sovereign wealth fund for national security but did not take any concrete actions before leaving office.
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Total News Sources0
Leaning Left38Leaning Right54Center93Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 21%
C 50%
R 29%
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