Oracle stock rose 1.5% on reports of involvement in US-China preliminary TikTok deal. Treasury Secretary confirmed framework for agreement. Oracle, Silver Lake, and Andreessen Horowitz may control 80% of TikTok’s US business. Trump and Xi Jinping to finalize deal. TikTok faces US ban if not divested by Dec. 16 to a US or allied country. Oracle in talks to handle TikTok user data on Texas servers. Oracle and Trump administration collaborated on AI development. Oracle a leading contender to acquire TikTok, other interested suitors include Microsoft and Frank McCourt Jr.

Read more at Yahoo Finance: Oracle stock rises as US, China agree to preliminary TikTok deal