Qualcomm is sinking after Trump blocked its $117 billion takeover by Broadcom citing national security (AVGO, QCOM, INTC)
Tuesday, 13 March 2018 () · *President Trump issued an executive order Monday blocking Broadcom's takeover bid for Qualcomm, citing national security.*
· *Shares of Qualcomm sank on the news; while Broadcom rose slightly.*
· *It is a highly unusual move by a President.*
Retired four-star general Barry McCaffrey has blasted President Trump, calling him “a serious threat to US national security.”
Retired four-star General Barry McCaffrey has blasted President Trump, calling him "a serious threat to US national security."
"Reluctantly I have concluded that...
President Donald Trump has blocked a $117 billion tech takeover on national security grounds. But what exactly is the US government worried about? CNNMoney - MarketsAlso reported by •FinanzNachrichten.de •Reuters •Reuters India
A seven-day surge in technology stocks ended Tuesday after President Donald Trump blocked Singapore-based chipmaker Broadcom’s effort to buy Qualcomm. Trump... Seattle Times - Front PageAlso reported by •SeattlePI.com
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