TikTok's new U.S. entity would lease its algorithm from Chinese owner ByteDance under the terms of a proposed deal between the U.S. and China, a senior White House official tells Axios.Why it matters: There had been some talk that ByteDance would be required to sell the algorithm in order to satisfy a 2024 law that demands TikTok be controlled by Americans or face a ban.A pure sale, however, wouldn't allow ByteDance to continue operating TikTok in countries outside the U.S., which it plans to do...