Oracle shares rise on TikTok deal framework report

** Shares of enterprise software maker Oracle ORCL up nearly 3% at $312.21 in premarket trading

** CBS News reports the company is part of a consortium that would enable TikTok to continue U.S. operations if a framework deal between Washington and Beijing is finalized

** U.S. and Chinese officials said earlier on Monday they have reached framework agreement to shift TikTok to U.S.-controlled ownership

** Reuters could not immediately confirm the developments. Oracle did not immediately respond to a request for comment

** Agreement is expected to be confirmed in a call between U.S. President Donald Trump and Chinese President Xi Jinping on Friday - CBS

** U.S. Treasury Secretary Scott Bessent said a Sept 17 deadline prompted progress in talks; it may be extended by 90 days

** Thirty-three of 43 brokerages rate the stock "buy" or higher and 10 "hold"; their median PT is $347- according to data compiled by LSEG

** YTD, Oracle up 81.3%