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 48 mins ago - Politics & Policy

Amy Coney Barrett sworn in as Supreme Court justice

Amy Coney Barrett took the constitutional oath to serve as a Supreme Court justice at a White House ceremony Monday night, soon after the Senate voted to confirm her nomination to the high court in a 52-48 vote.

The state of play: Justice Clarence Thomas administered the oath. The Supreme Court wrote in a statement that Barrett will take the judicial oath on Tuesday, at which point she will be able to begin her work on the court.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events
  6. World: Restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.

Gulf Coast braces for Zeta after storm strengthens into hurricane

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane and threatened Mexico's Yucatan Peninsula as it moved towards the U.S. Gulf Coast.

The state of play: Zeta was expected to make landfall on the northern part of the Yucatan Peninsula Monday night, bringing with it a "dangerous storm surge" and "heavy rainfall" as it moved into the Gulf of Mexico, the National Hurricane Service said.