The recent reports of China’s ban on Apple (AAPL) have led to a significant drop in the company’s shares. This, in turn, has had a ripple effect on one of its suppliers, Qualcomm (QCOM), as its semiconductor slides lower after today’s closing bell.
The ban imposedChina has raised concerns about the future prospects of Apple in one of its key markets. As a result, investors are selling off their Apple shares, causing the stock to decline over the past two days. This decline has also had a negative impact on Qualcomm, which supplies chips for Apple products. The semiconductor company has seen its stock price decrease in response to the drop in Apple shares.
In other news, Disney (DIS) has filed a lawsuit against Florida Governor Ron DeSantis, shifting the focus of the legal dispute to a First Amendment issue. The lawsuit alleges that the governor engaged in retaliation over criticism of Florida’s ‘Don’t Say Gay’ bill. The bill, which aims to restrict discussions of homosexuality in schools, has been a subject of controversy and faced criticism from various quarters.
As always, Yahoo Finance’s Akiko Fujita breaks down several of the day’s top headlines, keeping investors and readers informed about the latest developments in the business world.
Definitions:
– Apple (AAPL): A multinational technology company that designs, manufactures, and sells consumer electronics, computer software, and online services.
– Qualcomm (QCOM): A semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services.
– First Amendment: The First Amendment of the United States Constitution guarantees the right to freedom of speech, religion, and the press. It also protects the right to assemble and petition the government for redress of grievances.
Sources:
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