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The White House is again giving TikTok's Chinese parent company more time to satisfy its national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to satisfy national security concerns raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

What now: The source says that CFIUS is not providing another formal extension, but rather a de facto continuation as the two sides carry on with negotiations.

  • Talks had ground to a halt around the election, but have picked back up again in recent weeks, with some outstanding issues newly resolved.
  • The proposed plan, which President Trump agreed to in principle back in September, would be for TikTok to be controlled by a group of U.S. entities, including Oracle, Walmart and several venture capital firms, with ByteDance to retain a minority stake.

CFIUS still could ask the U.S. Department of Justice to take action against ByteDance for violating its order, given that no formal extension has been provided.

  • Trump's executive order that TikTok be shut down in the U.S. — which is different than the CFIUS order — has been temporarily restrained by the courts.

Neither the Treasury Department nor TikTok responded to Axios' requests for comment.

Transcripts show George Floyd told police "I can't breathe" over 20 times

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Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

The state of play: The transcripts were released as former officer Thomas Lane seeks to have the charges that he aided in Floyd's death thrown out in court, per the Times. He is one of four officers who have been charged.

  • The filings also include a 60-page transcript of an interview with Lane. He said he "felt maybe that something was going on" when asked if he believed that Floyd was having a medical emergency at the time.

What the transcripts say:

  • Floyd told the officers he was claustrophobic as they tried to get him into the squad car.
  • The transcripts also show Floyd saying, "Momma, I love you. Tell my kids I love them. I'm dead."
  • Former officer Derek Chauvin, who had his knee on Floyd's neck for over eight minutes, told Floyd, "Then stop talking, stop yelling, it takes a heck of a lot of oxygen to talk."

Read the transcripts via DocumentCloud.