Trump’s executive order creates a sovereign wealth fund to invest in key sectors and possibly acquire TikTok. Here’s how sovereign wealth funds work.

President Donald Trump floated the idea of buying TikTok with an American sovereign wealth fund, which he signed an executive order on Monday to create. "So other countries have sovereign wealth funds,

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.