In response to the possibility that the U.S. Supreme Court upholds a law requiring the Chinese company ByteDance divest from TikTok or face a complete ban, the Chinese government is considering a move to sell the social media platform to Elon Musk, says a report that broke Monday. The Chinese government, which holds a significant number of shares in parent company ByteDance, would prefer that TikTok remain in its hands. But, considering that the country faces an incoming Trump administration largely hostile to Chinese interests, a sale of TikTok to Trump’s ally Elon Musk might be a productive way to lower tensions. The cost, however, would be high; TikTok is valued at $40–50 billion, and Musk is still repaying debts from his purchase of Twitter. The most likely alternative, should such a deal not go through, would be for ByteDance to simply shutter operations in the U.S. entirely. All depends on the ruling of the Supreme Court. ByteDance has argued that the law requiring it to divest or face a ban violates the First Amendment, while the U.S. government argues that the ban is permissible for national security purposes, given the level of control the Chinese government has over the platform. A ruling is expected as soon as Wednesday. The post Report: China Could Sell TikTok to Musk appeared first on The American Conservative.

The Biden administration has spent roughly 93% of the funding appropriated by the Democrat-passed Inflation Reduction Act for clean energy projects, making it difficult for President-elect Donald Trump to keep his promises to halt the flow of money. The Environmental Protection Agency announced today that it has awarded nearly all $69 billion from the 2022 IRA and from the 2021 Bipartisan Infrastructure Law. 

On paper, few US presidents could boast the foreign policy bona fides of Joe Biden, a veteran statesman with nearly a half-century of experience before he even stepped into office. But as his term comes to an end, critics have said that the president will leave a legacy of cautious and underpowered diplomacy, as even allies have conceded that the administration is still grasping for a cornerstone foreign policy success. That hasn’t stopped the Biden administration from declaring...

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