TikTok app reinstated in U.S.

Squawk Box Europe Express

TikTok is reinstated Stateside following assurances from President-elect Trump who declares the social media giant’s operation as key to U.S. businesses and jobs. Ahead of his inauguration later today, Trump has pledged to sign close to 100 executive orders in his first few hours in office. In the Middle East, Hamas returns 3 October 7th hostages in return for 90 Palestinian prisoners as the Gaza ceasefire deal comes into effect. We hear from TSMC CFO Wendell Huang who says he expects funding from the Chips Act to continue under Trump’s leadership. He reveals that the Taiwanese chip giant has already received $1.5bn in government support.

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