Top stories today:

1. TikTok deal likely to be signed by Trump Thu.
2. Intel said to seek Apple investment in turnaround push
3. White House tells agencies to prepare for job cuts in shutdown
4. Oracle raises $18B in year’s 2nd-biggest bond sale
5. Microsoft integrates Anthropic’s Claude into Copilot
6. Longevity quest nears $3B milestone but awaits breakthrough

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. TikTok deal likely to be signed by Trump Thu.

• TikTok’s U.S. operations would be run by a new joint-venture company.

• ByteDance would hold <20% of the stock of the new company.

• Oracle would oversee the U.S. user data.

• Meanwhile, Australians are debating whether to use the Trump-backed TikTok or the Chinese-owned version.

2. Intel said to seek Apple investment in turnaround push

Intel shares +6% on Wed.:

• Apple and Intel have reportedly discussed working more closely together.

• Apple’s deal would further validate Intel’s turnaround bid.

• Apple isn’t likely to switch back to Intel chips for its devices, though.

• Apple shares -1% on Wed.

• Talks come days after NVIDIA’s $5B Intel investment for chip development.

• We’d love to see Intel come back,” Apple CEO Tim Cook recently said.

4. White House tells agencies to prepare for job cuts in shutdown

Markets are pricing a 76% chance of a U.S. government shutdown in 2025: