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TikTok has found a partner. It's not a done deal yet

September 14, 2020. Summarized by summa-bot.

CULVER CITY, CALIFORNIA - AUGUST 27: The TikTok logo is displayed outside a TikTok office on August 27, 2020 in Culver City, California. The Chinese-owned company is reportedly set to announce the sale of U.S. operations of its popular social media app in the coming weeks following threats of a shutdown by the Trump administration. (Photo by Mario Tama/Getty Images)

In a world where control of technology is a growing geopolitical concern, two big deals are causing a stir.

Watch this space: Experts have warned that a recent rule change in China could force ByteDance to obtain government permission before selling TikTok to a foreign company.

"Despite the sharp sell-off in the past week, we remain optimistic about the path of the US equity market in coming months," strategists including David Kostin said late Friday.

Demand for oil may have peaked last year, according to BP, which warned on Monday that the global market for oil might never recover from the coronavirus pandemic, my CNN Business colleague Hanna Ziady reports.

What's new: BP (BP) laid out three scenarios for energy demand in a new report, all of which forecast a decline in demand for oil over the next 30 years.

If government policies and social preferences evolve in the same way as in the recent past, oil demand ticks up slightly in the years to come before starting to decline after 2030.

Last year, BP expected growth in oil demand to plateau in the 2030s.

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