Can Lower Fed Rates Help Fix the Government’s Debt Problem?

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  What's in the TikTok deal that President Trump says he's reached with China?

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  Plus, can a lower rate from the Fed help reduce the US government's debt problem?

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  When investors are thinking, oh, we want to lend money to the US for the long term,

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  they're looking at factors that go well beyond what the federal funds rate is right now.

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  And why, in the middle of an AI boom, good old hard drives are making a comeback.

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  It's Friday, September 19th.

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  I'm Alex Osela for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  President Trump announced today that he and Chinese leader Xi Jinping approved an agreement for a group of investors to take control of TikTok's U.S. operations,

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  capping off months of tense negotiations that put the video-sharing app at the center of trade talks between the two sides.

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  WSJ Tech Policy Reporter Amrith Ramkumar is here now with more.

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  Amrith, what details do we know about this deal?

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  There aren't a ton of new details here.

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  Some people thought that the deal was totally done.

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