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.*
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