Get out of the headlines and into real conversations happening inside global organizations

with the Executive Insights podcast, brought to by AWS. Listen in on the Executive Insights

podcast, available on all major podcast platforms. Here's your afternoon TNB Tech Minute for Friday,

September 19th. I'm Julie Chang for the Wall Street Journal.

We have a TikTok deal. President Trump announced today that he and Chinese leader, Xi Jinping,

approved a preliminary deal under which a group of American investors would take control of the video sharing app's U.S. operations.

The new entity would operate algorithms using technology licensed from TikTok parent bite dance.

A bite dance spokesperson said it'll work in accordance with applicable laws.

Details of the deal haven't been publicly released, and White House officials, as well as people

familiar with the discussion, say many of its finer

points and legal issues still need to be worked out before it's finalized.

Trump said he and she agreed to meet at a summit this fall.

Plus, Porsche has cut its guidance for the year again.

The German premium car maker has been reeling from a slow electric vehicle market, fierce

competition from China, and President Trump's tariffs.

Porsche said it had to conduct a review of its product portfolio and is delaying the launch of some

new EV models.

Instead, those vehicles will be offered as combustion engines and plug-in hybrids.

Finally, Chinese robotaxy firm P Pony AI, is set to hit

a major profit target by early 2026. That's according to the company's CFO, he said Pony AI is on

track to reach single-unit economics break-even, meaning they book a profit every time they add a car to their fleets,

and after breaking even, the company can more aggressively increase its fleet size.

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