STATTus Update

Statt-us Update 9/14/20 – Today’s Headlines & More

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TikTok will partner with Oracle

TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration’s national security concerns about the short-form video app, according to a person familiar with the matter.

The news comes after weeks of speculation about the Chinese app’s future in the United States. President Donald Trump has demanded the app be sold, or else shut down in the United States.
The exact nature of the agreement between TikTok and Oracle (ORCL) remains unclear, but it was not described as an outright sale. The news about Oracle came just after Microsoft announced that it will not buy TikTok’s US operations from ByteDance.
ByteDance has not responded to a request for comment. TikTok declined to comment. Oracle did not respond to a request for comment.

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Company Behind Peeps Halts Production Because Of Covid-19

Peeps fans will have to wait another year before they can pick up pumpkin, snowman or heart-shaped treats at the holidays.

The Bethlehem-based Just Born Quality Confections recently announced it won’t be producing Peeps for the Halloween, Christmas and Valentine’s Day so that preparations can be made for Easter of 2021.

Just Born said safety and production changes stemming from the coronavirus pandemic forced the company to its decision.   The company suspended production this spring as the coronavirus spread through Pennsylvania. Limited production resumed in mid-May, the company said, but with new protocols to protect employees’ safety.

“This situation resulted in us having to make the difficult decision to forego production of our seasonal candies for Halloween, Christmas and Valentine’s Day in order to focus on meeting the expected overwhelming demand for Peeps for next Easter season, as well as our everyday candies.

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