The Trader 

Market Outlook: Trump cites national security

The Trader

Yesterday in a surprise move President Trump blocked Broadcom’s proposed takeover of Qualcomm.  Perhaps not household names in Europe but the fact that the former was prepared to relocate its headquarters from Singapore to Delaware, USA, where the target is based, hints at issues the Treasury Committee on Investment in the US raised earlier this month.  Needless to say, ‘Broadcom strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns’.   

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