A bipartisan group of US lawmakers is demanding a federal investigation into consulting giant McKinsey & Company due to its alleged connections with the Chinese government. House Select Committee Chairman John Moolenaar (R-MI), along with Senators Marco Rubio (R-FL) and Joni Ernst (R-IA), expressed concerns about McKinsey’s operations in China and its eligibility for Department…
TikTok and a group of creators have enlisted two prominent U.S. Supreme Court lawyers to challenge a U.S. law that forces China-based ByteDance to divest TikTok’s U.S. assets or face a ban. Andrew Pincus from Mayer Brown will represent TikTok and ByteDance, while Jeffrey Fisher of Stanford Law School will advocate for content creators when…
RTX Corp (RTX.N) has agreed to pay a $200 million fine to settle allegations that it violated U.S. export laws by sharing data and products with prohibited countries, including China, according to U.S. State Department records dated Thursday. The fine is tied to the company’s failure to comply with the International Traffic in Arms Regulations…
In a bid to bolster the Department of Justice’s defense of a law aimed at forcing TikTok’s Chinese owner to divest its U.S. assets, a U.S. House committee has voted to release a transcript from a closed-door hearing in March. The law, signed by President Joe Biden in April, could result in a ban on…
In a significant move on Wednesday, the House of Representatives voted to pass bipartisan legislation aimed at compelling TikTok’s Chinese parent company, ByteDance, to sell the popular social media platform within six months or risk facing a ban in the United States. The bill received overwhelming support with a final vote count of 352-65, comfortably…
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