Qualcomm Shares Drop After Trump Blocks Broadcom Buyout With Executive Order

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  • 6 years ago
According to a report by MarketsInsider, shares of Qualcomm sank over 5% on Tuesday following President Donald Trump's decision to block Broadcom's proposed buyout of the chipmaker in an executive order signed late on Monday. Trump claimed there was "credible evidence" to suggest that Broadcom "might take action that threatens to impair the national security of the United States.

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