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Trump Issues Order To Block Broadcom's Takeover of Qualcomm (bloomberg.com)

Bloomberg reports that President Donald Trump issued an executive order today blocking Broadcom from acquiring Qualcomm, "scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security grounds." From the report: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American firms by foreign investors. The decision to block the deal was unveiled just hours after Broadcom Chief Executive Officer Hock Tan met with security officials at the Pentagon in a last-ditch effort to salvage the transaction. "There is credible evidence that leads me to believe that Broadcom Ltd." by acquiring Qualcomm "might take action that threatens to impair the national security of the United States," Trump said in the order released Monday evening in Washington.

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  1. Re:Not going to mention by ScentCone · · Score: 0, Flamebait
    Good answer. I like how you corrected your misunderstanding. Oops, my mistake. You can't muster the intellectual honesty to actually read the thread. But just to help you out:

    So we're going to post this story, but completely ignore the news that broke today that the whole "Russian hacked the election" and "Russia colluded with Trump" turned out to be entirely false?

    No, House Republicans came up with that conclusion, somehow opposing the entire US intelligence community in the process.

    So, the post expresses frustration that we're going to ignore the news that the committee finds the "Russia colluded with Trump" notion is false. A response to that comment says that the entire US intelligence community is in opposition to that finding. I replied to that patently absurd assertion. Which was the stupid part, exactly? Be specific.

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