Qualcomm CEO Sees ‘No Path to Value’ in Broadcom Tie-Up

Qualcomm chief executive Steve Mollenkopf on Thursday reaffirmed his opposition to a hostile takeover bid from computer chip rival Broadcom, saying the deal offers “no real path to value.” The comments came days after Singapore-based Broadcom escalated its efforts on a $130 billion bid by proposing a slate of directors to unseat the Qualcomm board of directors. Mollenkopf, speaking at an event hosted by The Economic Club of Washington, said that “we always have discussions” on potential tie-ups but that Qualcomm’s future is well-positioned as an independent company. He added that “we didn’t think the offer…

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GOP’s ‘Obamacare’ Repeal Path Worries Health Care Industry

One by one, key health care industry groups are telling the incoming Republican administration and Congress that it’s not a good idea to repeal the 2010 health care lawwithout clear plans to address the consequences. Hospitals, insurers and actuaries — bean-counters who make long-range economic estimates — weighed in recently, and more interest groups are expected to make their views known soon. Representing patients, the American Cancer Society Cancer Action Network reminded lawmakers that lives are at stake. The concerns go beyond the obvious potential hardship for 20 million people…

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