90°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Cleo Fields bought thousands in Oracle stock days before its involvement in TikTok deal was announced

4 hours 11 minutes 23 seconds ago Thursday, October 02 2025 Oct 2, 2025 October 02, 2025 10:02 AM October 02, 2025 in News
Source: WBRZ

WASHINGTON — Rep. Cleo Fields bought thousands of dollars' worth of Oracle stock in the days before the Trump administration announced that the company would be playing a role in the pending U.S. spinoff of TikTok from Chinese company ByteDance.

According to a congressional financial disclosure document, Fields, a Democrat, bought between $80,000 and $200,000 worth of Oracle shares across three different trades on Sept. 17, 18 and 23. The full report can be read here. 

The news of Oracle's involvement with the TikTok deal was reported on Sept. 22, before Donald Trump signed an executive order on Sept. 25 announcing the plan to have a coalition of various American tech companies, including Oracle, which was founded by Trump ally Larry Ellison. The U.S. collective would hold a majority share in TikTok if the deal is approved.

The Stop Trading on Congressional Knowledge Act, or STOCK Act, says that members of Congress cannot use nonpublic information to inform personal financial decisions. It is not clear whether Fields knew about Oracle's potentially lucrative deal with TikTok. 

WBRZ has reached out to Fields' office for comment. 

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days