Qualcomm shares shares closed 23.21% higher on Tuesday, adding over $16 billion to its market cap in just over an hour, after settling a long-running legal dispute with Apple over patent royalties.
The bottom line: Wall Street cheered the chipmaker's removal of a very dark cloud.
Illustration: Annelise Capossela/Axios
75 years after Hiroshima and Nagasaki, some experts believe the risk of the use of a nuclear weapon is as high now as it has been since the Cuban missile crisis.
The big picture: Nuclear war remains the single greatest present threat to humanity — and one that is poised to grow as emerging technologies, like much faster missiles, cyber warfare and artificial intelligence, upset an already precarious nuclear balance.
Meadows and Mnuchin. Photo: Alex Wong/Getty Images
The Trump administration and Democrats have not agreed to any "top-line numbers" and remain "trillions of dollars apart" on coronavirus stimulus negotiations, White House chief of staff Mark Meadows said Wednesday.
The state of play: Meadows told reporters, "At this point we’re either going to get serious about negotiating and get an agreement in principle or — I’ve become extremely doubtful that we’ll be able to make a deal if it goes well beyond Friday.”
Natasha Blunt of New Orleans, who is at risk of eviction. Photo: Dorthy Ray/AP
The coronavirus pandemic threatens America with a new wave of homelessness due to a cratering economy, expiring unemployment stimulus payments and vanishing renter protections.
What they're saying: "I've never seen this many people poised to lose their housing in such a short period of time," said Bill Faith of the Coalition on Homelessness and Housing in Ohio to AP.