Skip to main content

FTC investigates Broadcom

The markets continued to advance during the midday with the Dow rocketing 287 points to 26,080. Nasdaq surged 76 points to 7300.


Broadcom is being investigated by the Federal Trade Commission for possible antitrust practices. Subpoenas have been issued for a significant amount of information regarding negotiations with customers. The chipmaker reportedly changed customer contracts to require the purchase of a certain percentage of products rather than a specific number of products.


Apple announced plans to invest billions in this country. Under the new tax law, the iPhone maker will pay $38 billion in taxes to the U.S. government for overseas profits. The company will also open a second corporate campus, hire more than 20,000 people and spend $55 billion on suppliers and manufacturers.


Walmart will begin offering a free opioid disposal product to all patients who fill a new Class II opioid prescription. The leftover medication will be turned into a harmless biodegradable gel by DisposeRX. The Food and Drug Administration considers the chemicals that are used in DisposeRX to be safe.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 soared 28 points to 2,804. Bitcoin collapsed $592 to $10,410


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.