President Trump and Chinese leader Xi Jinping spoke about a TikTok deal Friday, but details on the social media platform's U.S. future remain unclear.

Why it matters: It's not 100% certain what the deal under discussion entails, though reports have suggested U.S. investors would control most of a new entity with a new app.

Driving the news: U.S. officials have said all week there was a framework deal in place, pending a call between the two leaders. Most observers assumed there would be more concrete confirmation Friday. • China's Xinhua news agency reported that the Chinese made their position on TikTok clear, and that businesses were free to conduct negotiations that complied with applicable laws. • China also hopes for a fair environment for its companies to invest in the U.S., Xi

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