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Rupert Murdoch Joins Trump in Oval Office for Sovereign Wealth Fund Signing

The media mogul attended as President Trump signed an executive order creating a U.S. sovereign wealth fund, while addressing criticism of his tariff policies.

Overview

  • Rupert Murdoch, founder of News Corp and former chairman of Fox Corp, was present as President Trump signed an executive order establishing a U.S. sovereign wealth fund.
  • The fund is proposed as a potential vehicle to acquire TikTok from its Chinese parent company, ByteDance.
  • Trump praised Murdoch and Oracle founder Larry Ellison, calling them 'legends in business' and 'among the most talented people in the world.'
  • Trump dismissed recent criticism from The Wall Street Journal's editorial board, owned by Murdoch, over his tariff policies, calling them effective due to America's economic strength.
  • Murdoch, who stepped back from his formal roles in 2023, continues to wield influence in media and politics, underscored by his presence at the White House event.