Key facts: Qualcomm shares drop 7.3%; China expands rare earth export controls
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- Qualcomm's shares fell 7.3% after China's market regulator announced an antitrust probe into its acquisition of Autotalks, amid escalating U.S.-China trade tensions.123
- China has expanded its export controls on rare earths, which now includes an antitrust investigation into Qualcomm, focusing on the company's operations amid ongoing tensions with U.S. trade policies.4