a 5G exhibition at the Qualcomm booth during CES 2019. Photo: Robyn Beck/AFP via Getty Images

Along with quarterly earnings, Qualcomm disclosed on Wednesday that European regulators are investigating whether the wireless giant leveraged its position in the 5G modem business to boost its position in radio frequency chips.

Context: Qualcomm has tangled frequently with regulators around the globe. It has faced previous issues in Europe and a settled probe in China, and is now fighting an unfavorable ruling in the U.S.

Qualcomm said in a regulatory filing that it received a request for information from European regulators on Dec. 3 and is in the process of responding.

  • While it doesn't believe its business practices violate the law, it said "it is difficult to predict the outcome of this matter" and noted it could be fined up to 10% of annual revenue.

Go deeper: Rivals weigh in on Qualcomm's antitrust appeal

Go deeper

Updated 11 mins ago - Politics & Policy

Political world reacts to Biden tapping Kamala Harris as running mate

Sen. Kamala Harris and Joe Biden at a campaign event in March. Photo: JEFF KOWALSKY/AFP via Getty Images

Democrats from across the party — including some of the women on Joe Biden's vice-presidential shortlist — are championing his historic appointment of Sen. Kamala Harris as his running mate.

What they're saying: "Joe Biden nailed this decision," former President Barack Obama wrote in a lengthy statement. "By choosing Senator Kamala Harris as America’s next vice president, he’s underscored his own judgment and character. Reality shows us that these attributes are not optional in a president."

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,166,415 — Total deaths: 738,266 — Total recoveries: 12,388,925Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,124,050 — Total deaths: 164,329 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. States: Florida reports another daily record for deaths State testing plans fall short of demand.
  4. Axios-Ipsos poll: 1 in 2 has a personal connection to COVID-19.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. 🏈 Sports: Big Ten scraps fall football season.
Updated 1 hour ago - Sports

PAC-12 and Big Ten postpone fall sports due to coronavirus

Photo: Joe Robbins/Getty Images

The Big Ten and Pac-12 announced Tuesday that they've voted to postpone their 2020 fall sports seasons, including football, due to risks posed by the coronavirus pandemic, hoping instead to play in the spring.

Why it matters: The move from two of the most prominent conferences in college sports will almost certainly prompt other Power Five leagues to follow suit.