There’s a new administration in the White House-and a new class of journalists will be covering it. President Donald Trump‘s press secretary Karoline Leavitt presided over the first press conference of the second Trump era on Tuesday and revealed that,

Under the deal being negotiated by the White House, TikTok’s China-based owner, ByteDance, would retain a stake in the company, but data collection and software updates would be overseen by Oracle, which already provides the foundation of TikTok’s Web infrastructure, one of the sources told Reuters.

U.S President Donald Trump on Monday said there is a lot of interest in TikTok, as his administration seeks to broker a sale of the popular app.