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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. A new US entity is being created to

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Speaker 1: acquire TikTok's operations in the States. We are told this

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Speaker 1: is the result of a framework deal between the US

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Speaker 1: and China. Now. The entity would be controlled by an

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Speaker 1: investor consortium that would include Oracle and Dreesen Hurwitz and

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Speaker 1: the private equity firm Silver Lake, and under the deal,

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Speaker 1: China's Bytdance would see its stake in TikTok reduced to

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Speaker 1: below twenty percent to satisfy a US national security law,

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Speaker 1: and the deal also calls for Oracle to continue providing

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Speaker 1: cloud services for TikTok in the US. However, the fate

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Speaker 1: of TikTok's lucrative software, which steers videos to users based

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Speaker 1: on their viewing preferences, well, that remains unclear. Earlier today,

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Speaker 1: President Trump extended the deadline for the sale until December

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Speaker 1: sixteenth to allow time for the transaction to be completed.

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Speaker 1: US Trade Rep. Jamison Greer says the deal means America's

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Speaker 1: user data won't be flowing back to China.

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Speaker 2: There is a deal out there between the private parties

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Speaker 2: who are making the transaction and it does account for

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Speaker 2: this specific issue on US user data, so it doesn't

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Speaker 2: go back to Beijing.

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Speaker 1: That is US Trade Rep. Jamison Greer, speaking earlier to

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Speaker 1: Fox Business. We go to Utah next, where Tyler Robinson,

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Speaker 1: the suspect in the assassination of conservative activist Charlie Kirk,

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Speaker 1: has been charged with first degree aggravated murder and the

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Speaker 1: Utah County's Attorney's Office is intending to pursue the death penalty.

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Speaker 1: Robinson made his first appearance in court virtually before Judge

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Speaker 1: Tony Graff.

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Speaker 2: We count one aggravated murder, a capital felony and violation

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Speaker 2: of Utah Code annotated seventy six Dash five Dash two

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Speaker 2: two in that on September tenth, twenty twenty five, in

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Speaker 2: Utah County, the defendant, Tyler James Robinson, intentionally or knownly

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Speaker 2: caused the death of Charlie Kirk.

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Speaker 1: That was Judge Tony Graff. Now Robinson is also facing

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Speaker 1: obstruction and win witness tampering charges. He will remain in

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Speaker 1: custody without bail. President Trump has arrived in London for

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Speaker 1: his second stage visit to the UK. Here is Bloomberg's

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Speaker 1: Lizzie Burden.

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Speaker 3: We're expecting we hear from US officials that Donald Trump

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Speaker 3: is going to announce ten billion dollars worth of economic

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Speaker 3: deals with the UK that will include a tech defense

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Speaker 3: cooperation agreement and nuclear partnership. We already have the news

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Speaker 3: that Google is going to invest five billion pounds in

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Speaker 3: the UK when it comes to AI.

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Speaker 1: That is Bloomberg's Lizzie Burden. Meantime, the UK government has

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Speaker 1: put on whold talks with the US aimed at eliminating

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Speaker 1: tariffs on British steel. We are told Prime Minister Kuir

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Speaker 1: Starmer accepted commitments from the Trump administration that tariffs on

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Speaker 1: British steel will remain at twenty five percent. Now that

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Speaker 1: is less than the fifty percent tariffs the US has

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Speaker 1: slapped on other countries exported steel. Nonetheless, it's a blow

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Speaker 1: to the UK steel industry, which has been waiting for

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Speaker 1: months for removal of this level. Now, officials from the

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Speaker 1: US and the UK will keep negotiating, but we are

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Speaker 1: told there will be no major breakthrough on medals during

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Speaker 1: this visit. We go to Minnesota next and the results

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Speaker 1: of a special election. The Associated Press is reporting Democrat

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Speaker 1: x P Lee has won a special election to replace

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Speaker 1: former House Speaker Melissa Hortman. Hortman was assassinated. Back in June,

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Speaker 1: Lee defeated Republican Ruth Bittner, and Lee's win restores a

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Speaker 1: sixty seven sixty seven tie in the Minnesota House. We

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Speaker 1: moved to company news next. The CEO of United Airlines,

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Speaker 1: Scott Kirby, says demand for air travel is getting better.

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Speaker 1: We have more from Bloomberg's Charlie Pellett.

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Speaker 4: Kirby says demand has improved across the board and he

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Speaker 4: sees pricing going up consistent with inflation. And in a

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Speaker 4: Bloomberg interview, he also said there has been progress in

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Speaker 4: resolving air traffic control issues.

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Speaker 2: We're on a path to finally getting I've fought this

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Speaker 2: battle for twenty years. We're on a path to finally

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Speaker 2: getting the FAA fixed in a way that all the

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Speaker 2: Americans deserve.

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Speaker 4: Kirby says recent FAA changes led to considerable improvements this

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Speaker 4: summer in on time arrivals at Newark Airport in New York.

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Speaker 4: Charlie Pellett Bloomberg Radio, and.

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Speaker 1: We're told the stub Hub IPO has been priced at

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Speaker 1: twenty three dollars fifty cents. The IPO of the online

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Speaker 1: ticketing platform has been delayed twice, and a twenty three

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Speaker 1: point fifty stub Hub would have a value of eight

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Speaker 1: point six billion dollars. That is news when you want

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Speaker 1: it with Bloomberg News Now. I'm Doug Krisner, and this

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Speaker 1: is Bloomberg