Qualcomm, one of America’s biggest chip makers, had been hoping for Chinese regulators to avoid wasting them from a $142bn hostile take-over. However in an uncommon coincidence of pursuits, President Donald Trump bought there first.
Mr Trump has blocked Broadcom’s bid for Qualcomm, saying he was performing to guard the nationwide safety of the US. It marks the primary time a present US president has halted a deal over nationwide safety issues earlier than the deal was even agreed.
The transfer seems to be like it is going to finish the long-running drama of Broadcom’s hostile bid. Mr Trump additionally ordered Qualcomm’s board to satisfy as quickly as attainable, which means that opponents of Broadcom’s takeover provide may be capable to consolidate their maintain on the board earlier than Broadcom’s backers elect extra of their very own. Read more
Flag as Essential
Kitty Hawk, a flying automotive start-up backed by Google founder Larry Web page, has been secretly testing an electrical autonomous plane for a number of months in New Zealand.
Faux information The European Union has been urged to take a tougher line with web corporations over the unfold of so-called pretend information, as a result of activists worry the EU will cease wanting investigating tech corporations for selling articles that intentionally unfold disinformation.
Dropbox is heading for a inventory market itemizing that values it at almost 30 per cent beneath the height it hit 4 years in the past.
The FDA has authorised its first biologically-based drug this yr – and it was additionally the primary made-in-China HIV remedy drug, according to Caixin.
Tech instruments you should utilize – Fitbit’s Ace
The Monetary Instances’ Tim Bradshaw stories on Fitbit’s attempts to energise its gross sales within the booming wearables market by way of a watch aimed toward youngsters, and likewise including period-tracking options to a different mannequin to spice up its enchantment to girls:
Geared toward youngsters aged eight and older, the brand new $99 Fitbit Ace relies on the from its Alta wristband, and options customized software program for youths and oldsters in addition to a rugged strap. It should monitor steps, exercise and sleep, awarding badges to children that transfer round extra and nudging them with vibrating reminders.
Fitbit additionally launched the female-focused Versa smartwatch, which can be outfitted with know-how for monitoring a consumer’s menstrual cycle and the way it impacts different elements of their well being, comparable to complications or cramps. The watch will price $199 when it goes on sale subsequent month.