https://www.recode.net/2018/3/13/17111948/trump-broadcom-qualcomm-apple-texture-magazine-publishers-lyft-uber-dubuc-vice-bbc-oliver-crypto

President Trump killed Broadcom’s proposed hostile takeover of rival chipmaker Qualcomm yesterday, citing national security concerns. Both companies were ordered to immediately abandon the proposed deal; Trump’s order also prohibits Singapore-based Broadcom’s proposed candidates for Qualcomm’s board from standing for election. Broadcom says it “strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns.” [Chloe Aiello / CNBC]

Apple is buying Texture, a digital subscription service that lets users read all or part of more than 200 magazines on Apple and Android devices for $10 a month. The deal can’t be solely about the money, but it adds a business line that features recurring revenue, like Apple Music, and strengthens the link between Apple and big publishers, many of whom are beefing with big tech companies. Apple’s media boss Eddy Cue talked more about the Texture acquisition, media curation and Rihanna yesterday in an interview at SXSW. Meanwhile, Apple’s market cap is at an all-time high of more than $922 billion. [Peter Kafka / Recode]