In 2018, Broadcom’s $120 billion bid to acquire Qualcomm was rejected, with the Trump administration citing national security concerns. Broadcom later withdrew the offer, leading to a surge in its shares by 24% and reaching a market cap exceeding $1 trillion. Since abandoning the Qualcomm bid, Broadcom’s shares have increased by over 760%, surpassing Qualcomm’s gain of 165% and outperforming the S&P 500’s 119% rise.
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Appeals court lifts blocks on Trump’s orders restricting diversity, equity and inclusion programs
An appeals court lifted a block on executive orders by President Trump seeking to end government support for diversity, equity, and inclusion programs, allowing them to be enforced as a lawsuit unfolds. The court found that the orders could eventually raise concerns about First Amendment rights but ruled that the nationwide injunction was too broad. The orders, which target DEI programs, had been challenged for being unconstitutional and discouraging support for diversity initiatives. Full Article
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