Chipmaker Qualcomm unveils $20 billion stock buyback program

Group 1 - Qualcomm has announced a $20 billion stock buyback program, supplementing its existing $2.1 billion share repurchase authority [1] - The new buyback program reflects Qualcomm's confidence in its financial position and aims to enhance shareholder value [1] Group 2 - The World Bank has reported that developing countries are increasingly pursuing industrial policies but are overly reliant on tariffs and subsidies, which may not be effective [2] - The report suggests that these blunt tools could hinder the industrial growth of developing nations compared to richer countries [2]