A congressional TikTok smackdown

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an ...  Show more

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiri ...  Show more

On March 13th America’s House of Representatives passed a bill that could ban TikTok nationwide unless its Chinese owner, Bytedance, agrees to sell its stake.  Alice Su, The Economist’s senior China correspondent, and David Rennie, our Beijing bureau chief, look at China’s side o ...  Show more

TikTok's CEO took the stand in front of congress today and took a verbal beating from lawmakers that feared the social media app was being used by China for surveillance of U.S. citizens. Rep. Michael Burgess, a member of that committee, joined Last Call to discuss his concerns. 

TikTok’s CEO just tried to convince Congress that it’s all good, but our elected representatives seemed to disagree — so the question remains: Is TikTok too lit to prohibit? PetCo’s stock just fell to its lowest level ever because we may have hit Peak Puppy. And Block shares plum ...  Show more

Episode 24: Neal and Toby take a look at TikTok CEO's Shou Chew's testimony before Congress yesterday and why lawmakers still have major concerns over the app's security. Also, Hindenberg's report on Block and CashApp has sent the company into a tailspin. And why is Apple investi ...  Show more