Trump orders creation of U.S. sovereign wealth fund that he says could profit off of TikTok

President Donald Trump speaks as Steve Witkoff, special envoy for the Middle East, from left, White House staff secretary Will Scharf, Treasury Secretary Scott Bessent and Commerce Secretary nominee Howard Lutnick listen as Trump signs executive orders in the Oval Office of the White House, on Feb. 3, 2025, in Washington.

Evan Vucci—AP