President Donald Trump on Monday said he would welcome a “bidding war” for TikTok as he appeared to confirm that Microsoft is among the companies that have declared interest in acquiring the popular social media platform. Trump told reporters aboard Air Force One he has an affinity for bidding wars.

ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.

President Donald Trump signed two executive orders Friday focused on emergency response, one which creates a task force to conduct a "a full-scale review" of FEMA to "recommend to the President improvements or structural changes to promote the national interest and enable national resilience."