Earlier this week, officials from the U.S. and China flew to Madrid for yet another round of trade negotiations.

For two days, the delegations hold up in a 17th century palace, discussing terms about everything from soybean imports to tariffs.

But one issue quickly emerged as a focal point, TikTok.

For months, TikTok's U.S. presence has been hanging on the edge of survival,

as the U.S. and China negotiated over the app's ownership.

And as the two sides met in Madrid, they faced a pressing deadline.

Unless they could agree on a way to sell TikTok to a U.S. owner by today, September 17th,

the app would go dark for its 170 million U.S. users.

It's a potentially make or break moment for TikTok.

Today was the day that the last Trump extension expired. So it would have forced

essentially the shutdown of the app. But at the last minute, they kind of emerge from these

meetings and said, we have a framework of a deal. That's our colleague Alex Leary, who covers

politics. Now, the key word there is framework.

That does not mean a deal.

It means a framework, sort of the outlines of a deal.

So one big caution here is that a lot of this is still being worked out.

What did it take to get to this framework that we're at?

A lot of private talks and background discussions, essentially high level.

This is high stakes.

So it's taken a lot of sort of behind the scenes wrangling among the Trump administration

and leading business figures and companies.

So what's in this proposed deal? And who comes out ahead? Music and leading business figures and companies.

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