President Donald Trump welcomed Rupert Murdoch to the Oval Office on Monday to witness him sign an executive order establishing a sovereign wealth fund. The president then proceeded to trash Murdoch’s Wall Street Journal while the right-wing media mogul looked on.
With Oracle founder and conservative megadonor Larry Ellison also on hand, the president declared that the executive order could help initiate the purchase of TikTok from the Chinese-based ByteDance. “I think it’s about time that this country had a sovereign wealth fund,” said Trump, who wants the U.S. to own a portion of the social media platform.
