The list of TikTok suitors keeps growing, with last week's news of a consortium that includes Jimmy Donaldson (aka MrBeast) and Roblox CEO David Baszucki.

• Others kicking tires include Microsoft, Steve Mnuchin, Frank McCourt, and (maybe) Oracle.

But what if President Trump himself chose to bid?

• There's nothing legally stopping him from doing so, as my colleague Lucinda Shen writes.
• Presidents are allowed to run private businesses and make investments while in office. They just usually don't.
• They also don't usually launch meme coins just before inauguration day, or turn major levers of government over to the country's richest man. In other words, leave your ethical norms at the door.

Reality check: Trump hasn't floated the idea of buying TikTok, at least not publicly.

• But he'd be the one to sign off on any deal, and has said his signature could be the difference between TikTok being "worthless" or "worth maybe a $1 trillion."
• It might be too tantalizing for Trump to not at least consider it. Same goes for Beijing, maybe as a cheap way to lower the tariff temperature.

By the numbers: Trump probably doesn't have enough liquid assets to do this on his own, but has plenty of wealthy pals who could fill out a bid.

• He also could sell a portion of his $3.7 billion stake in Truth Social's parent company, and could fetch more than $1 billion via his next scheduled crypto drop.
• Trump also could borrow against his real estate portfolio. Some banks might balk until an appeal is heard on his defamation and fraud cases in New York, but there should be enough that are eager to curry favor.
• And, remember, no one actually needs to buy 100% of TikTok to satisfy the divestiture law. Instead, it's much closer to 20%.

State of play: TikTok's reprieve via executive order lasts two more months.

The bottom line: Sure, this is far-fetched. But so is the new normal.

Warburg Pincus and Berkshire Partners agreed to pay $3 billion to acquire Triumph Group (NYSE: TGI), a Radnor, Pa.-based maker of aftermarket parts for aerospace and defense systems.

Why it's the BFD: This suggests that private equity isn't worried about DOGE turning its attention to Pentagon spending, including the F-35 project of which Triumph has a piece, plus continued optimism around commercial aerospace spending.

By the numbers: The private equity firms will pay $26 per share, a 38.7% premium to Friday's closing price. Triumph last traded that high in early 2022.

The bottom line: "Triumph offers a range of aftermarket products for commercial and military aircraft, including engine parts and integrated systems. Original equipment manufacturers are among its biggest clients." —Bloomberg

• Riot, a New York-based provider of employee-focused cyber-protection software, raised $30m in Series B funding. Left Lane Capital led, and was joined by insiders YC, Base10, and FundersClub. axios.link/3WGg1yn

• Jump, a Salt Lake City provider of AI solutions for financial advisors, raised $20m in Series A funding. Battery Ventures led, and was joined by Citi Ventures, Sorenson Capital, and Pelion Ventures Partners. jumpapp.com

• Tana, an embedded workspace platform, raised $14m in Series A funding. Tola Capital led, and was joined by Lightspeed Venture Partners, Northzone, Alliance VC, and firstminute capital. axios.link/3CD95uZ