Stories

SaveSave story

State Department approves $1 billion arms sale to Saudi Arabia

President Donald Trump meets Crown Prince Mohammed bin Salman.
President Donald Trump meets Crown Prince Mohammed bin Salman. Photo: Kevin Dietsch-Pool / Getty Images

The Trump administration has approved three possible Foreign Military sales to Saudi Arabia, worth slightly over $1 billion. The sale includes more than 6,500 missiles, helicopter maintenance support, additional parts for land vehicles, and more.

Why it matters: This comes the same day Saudi Crown Prince Mohammed bin Salman met with Defense Secretary Jim Mattis and days after Prince Mohammed bin Salman met with the president. The Senate recently voted down a resolution that would have pulled U.S. military support from the Saudi coalition in Yemen.

Axios 6 hours ago
SaveSave story
Featured

Axios situational awareness

📱Qualcomm confirms it is in the midst of layoffsTrump says he will leave NK meeting if it's not productive — 📦 Amazon Prime has 100 million members — 🚨 Teens scared of shootings at school

Sign up for Mike Allen's Axios AM

Ina Fried 8 hours ago
SaveSave story

Qualcomm confirms it is in the midst of layoffs

Qualcomm chip
Photo: Qualcomm

Chipmaker Qualcomm confirmed to Axios it is in the process of job cuts, but declined to say how many employees were being laid off. "As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce," the company said in a statement.

Why it matters: The company announced plans to cut costs in January as it grappled with a number of factors including a hostile takeover bid from Broadcom, a legal dispute with Apple as well as antitrust issues around the globe.