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Scoop: Lincoln Project co-founder resigns

Lincoln Project co-founder Steve Schmidt is resigning from the group's board amid a series of scandals that has rocked the high-dollar anti-Trump super PAC, Axios has learned.

Why it matters: Schmidt, a veteran Republican operative, is the latest and most high-profile departure from the group, which is reeling from revelations that another co-founder, John Weaver, used offers of professional advancement in a series of attempts to solicit sex from young men.

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Oracle leapfrogs Microsoft as most likely TikTok buyer

Oracle has leapfrogged Microsoft as the most likely buyer of TikTok's U.S. operations, according to multiple sources familiar with the process. But the situation remains very fluid, including the possibility of no deal at all.

Key questions: What exactly is for sale, and could President Trump accept a deal in which some of TikTok's core technology remains with Chinese parent company ByteDance?

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