Reports say Trump administration could get billions for TikTok deal

Several news reports, citing sources like the Wall Street Journal, say the Trump administration is set to receive a fee—reported as $10 billion or $13 billion—for its role in brokering the deal to sell TikTok's U.S. assets. The deal involves the Chinese company ByteDance selling TikTok's American operations.

A lawsuit has been filed seeking to undo the deal's approval by Trump and former Florida Attorney General Pam Bondi, who is also named in the suit. Separately, a U.S. senator has asked the White House to clarify whether investors in TikTok will pay the reported fee to the U.S. Treasury.