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Now elsewhere, the US and China have

agreed on plans for a deal for the

ownership of America's of Tik Tok's

American operation. The US Treasury

Secretary said a framework agreement had

been reached as follows trade talks

between both countries in Madrid. Well,

the Chinese social media app was facing

a ban in the US unless it could find a

buyer for its operations in the country.

Well, the agreement is set to be

finalized in a phone call between

President Trump and President Xi on

Friday. A North America business

correspondent Michelle Flurry has the

latest now from New York.

>> This is where dance videos and

geopolitics collide. Now speaking after

the latest round of US China trade talks

in Madrid, US Treasury Secretary Scott

Bessant said President Donald Trump and

Chinese President Xiinping are expected

to finalize a deal over Tik Tok when

they speak together on Friday. Details

of the agreement, well, they remain

limited. Mr. Bessant uh wouldn't say who

the US buyer might be for the

Chinese-owned app that now boasts over

170 million American users, only that a

breakthrough had been made.

>> The framework is for it to switch to uh

US controlled ownership. But again, I'm

not going to get ahead of the leaders

call on Friday. We have a framework.

They'll have to confirm the deal.

Congress, backed by a Supreme Court

ruling, set a January deadline requiring

Bite Dance, Tik Tok's Chinese parent

company, to sell the platform or face a

nationwide ban. Now, Donald Trump has

extended that deadline three times. And

another extension is expected by

Wednesday or Americans could lose access

to the video sharing app. Since the saga

began, well, Microsoft has expressed

interest in acquiring Tik Tok, but that

fell apart. Walmart and Oracle also came

close to buying the video sharing

platform's US arm. If a deal does go

ahead, it will bring an end to this

longunning saga, but many national

security experts remain skeptical. They

question whether any deal at this point

would truly address the core concerns

that prompted congressional intervention

in the first place.

>> Michelle Flurry there in New York. Some

other stories we're following and

Japan's stock market has hit a fresh

high in early trade on Tuesday with the

NIK225 stock index breaking 45,000 for

the first time in its history. Tokyo

stocks have been rallying in the last

week by expectations of a interest rate

cut in the US this week. Markets were

closed on Monday in Japan for a holiday.

And China has accused the US chip maker

Nvidia of breaking anti- monopoly laws.

The news comes as China and the US are

locked in trade talks in Madrid with

chips high on the agenda. The Chinese

market regulator says it's initiated a

preliminary probe into Nvidia's business

practices. US Treasury Secretary Scott

Bessant called it poor timing.

More on all those stories for you.

BBC.com/business

is where you will find them. Of course,

we will keep a close eye on any further

announcements ahead of President Trump's

state visit to the UK. Uh but that is

your business today.