Trump just dealt Wall Street a $135 million blow
|03/13/2018||Posted by BusinessMediaguide.Com under General World News||
- President Trump issued an executive order Monday blocking Broadcom’s takeover of Qualcomm.
- Trump said there is “credible evidence” that Broadcom “might take action that threatens to impair the national security of the United States.”
- Wall Street banks had been due to make a small fortune from advising on the deal.
President Trump issued an executive order Monday blocking the impending takeover of Qualcomm by Broadcom.
In doing so, he also likely sent millions in advisory fees for those working on the bid up in smoke.