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SAN DIEGO (KGTV) - President Trump issued an order Monday prohibiting Broadcom’s attempt to take over San Diego-based Qualcomm, citing national security.Broadcom had made several efforts to buy the chip maker in recent months. All offers were rejected by Qualcomm, which said the bids undervalued the company.The most recent offer, made in February, was over 1 billion. RELATED: Qualcomm delays shareholder vote on Broadcom takeoverThe possible takeover raised security concerns and led to an investigation by the Committee on Foreign Investment in the U.S. In Monday's release, President Trump reportedly cited national security concerns."There is credible evidence that leads me to believe that Broadcom Ltd. ... might take action that threatens to impair the national security of the United States," the president said in a release, Bloomberg reported.The concerns echo issues voiced in a letter to Trump by Congressman Duncan Hunter, who serves California's 50th District including much of San Diego's East County.RELATED: Paul Jacobs leaves Qualcomm's executive management"I have seen San Diego defense companies suffer massive theft of intellectual property by agents of China’s government and the defense industrial complex with which it is inextricably entwined," Hunter said in a release. "Fact remains, if Broadcom consumes Qualcomm, theft of their intellectual property by China becomes easier.Singapore-based Broadcom has voiced the intention to move its headquarters to the U.S. to ease concerns over the proposed takeover. Hunter responded to that intention saying, "press releases of intentions is not the same as physical action."The takeover attempts coincided with changes in corporate leadership.RELATED: Qualcomm rejects Broadcom's 'best and final' offerOn Friday, Qualcomm announced executive Paul Jacobs -- the son of Qualcomm founder Irwin Jacobs - "will no longer serve in an executive management capacity" but "will continue to serve on the Qualcomm Board."Under the terms of the Presidential Order, all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm, according to the company.Qualcomm was also ordered to reconvene its 2018 Annual Meeting of Stockholders on the earliest possible date, which is March 23.If Broadcom had been allowed to buy Qualcomm, it would have made the firm the world’s third-largest chip company behind Intel and Samsung.Any buyout would also have had a significant impact on San Diego's economy. Qualcomm was founded in 1985 and is one of the region's largest employers. It employs more than 33,000 people worldwide. 2684
SAN DIEGO (KGTV) - Owning a home is part of the American Dream. But trying to improve the home you live in can become a budget-busting nightmare.According to a new survey from the Freedom Debt Relief, 69 percent of homeowners plan to renovate within the next five years. But 60 percent of people surveyed say they can't afford needed upgrades.That's why 73 percent of the respondents plan to finance their renovation plans."People want to stay in their homes," says Michael Micheletti, the Communications Director for Freedom Debt Relief. "Once it becomes your house, it becomes your home. So, perhaps people are willing to take on more debt to stay in those communities and those school districts they've become accustomed to."Micheletti says most of the people who plan to renovation will spend either more than ,000 or between ,000 and ,000. With that much money at stake, it's important to know what projects are worth the cost."There's give and take" says Gregg Cantor, the CEO of construction company Murray Lampert. "You have to prioritize what's most important."According to the survey, the most popular upgrades are also the most expensive. New flooring topped the list at 59 percent, bathroom renovations were 53 percent, and new kitchens were 51 percent. After that, Landscaping (43%), Windows (31%), Fencing (28%), Roofing (27%) and Decks (26%) were the most popular.But Cantor says smaller, aesthetic-based upgrades can make your home more appealing to buyers. His list:Painting (inside and out)New baseboards or crown molding on the wallsNew SidingLandscapingGarage DoorsHe also says people doing renovations should follow three simple guidelines when they decide to renovate:1. Set a budget2. Find a company who will work within your budget3. Stick to the plan"Don't be rushed," says Cantor. "Make sure that whoever is handling the design and construction is going at a reasonable pace so that your questions are being answered and you feel comfortable and have a concise and complete price."As for how to pay, Micheletti with the Freedom Debt Network says to look for low-interest options like Home Equity Loans or Personal Loans rather than credit cards."If you're taking on high interest credit card debt to fund the project, it's probably not going to be a good idea for you," says Micheletti. "Try to leverage some of the equity in your house which you're getting the benefit of."Here is what people said they'd use to pay for home renovations:Cash/Savings: 58%Home Equity Loan: 29%Credit Card: 28%Personal Loan: 24%Home Equity Line of Credit: 19%Finally, Cantor says if you plan on staying in your home for a long time, spending more on the big ticket upgrades can be worth it."If you're talking 10 or 15 years, you might do some extra things that, maybe tomorrow you won't get your money back, but you're going to enjoy them over the years," says Cantor. 2892
SAN DIEGO (KGTV) - More local law enforcement agencies are dropping the controversial use-of-force technique known as carotid restraint, following outrage over the killing of George Floyd. Earlier this week, San Diego Police Department said that it was dropping the use of the technique. On Wednesday, 10News interviewed the mayor of Coronado, who is calling on Governor Newsom to issue a statewide ban. San Diego Sheriff Bill Gore reversed his decision on the use of the technique. In a statement sent Wednesday afternoon, he wrote, “In light of community concerns, and after consultation with many elected officials throughout the county, I am stopping the use of the carotid restraint by my deputies effective immediately. I have and always will listen to any feedback about the public safety services we provide. Working together, we can ensure San Diego remains the safety urban county in the nation.”The Coronado Police Department was next with an announcement on Instagram, “The use of the Carotid Neck Restraint can cause undo harm. The Coronado Police Department will eliminate its use effective today. We will continue to focus on de-escalation as we serve our community.”The City of La Mesa also announced that the police department will ban the technique.Earlier in the day, a spokesperson for the Oceanside Police Department said that its officers rarely used the technique and the department officially dropped the use of the technique on Tuesday.After the San Diego Police Department reported on Monday that it was dropping the technique, Coronado Mayor Richard Bailey issued a letter on Wednesday morning to Governor Gavin Newsom, urging a statewide ban of the use of carotid restraint among law enforcement.“It does significantly increase the risk of permanent harm to individuals and it has become a symbol of police brutality within communities of color throughout the country,” said Mayor Bailey.Community rights activist Bishop Cornelius Bowser said that SDPD’s ban is a good first step but more needs to be done. “This does not whatsoever fix the problems that we have in our communities, especially in the black community of police brutality and the way communities are being policed.”Bishop Bowser also told 10News that he wants SDPD to issue greater clarity on the language of the ban and how officers who use it will be held accountable. 10News also reached out to Chula Vista Police, Carlsbad Police, and El Cajon Police to see whether their officers are still using the technique.A spokesperson for the El Cajon Police Department wrote to 10News, “It would not be appropriate for us to comment on the policy decisions made by a different agency. The carotid control hold is currently an authorized technique available to our officers to affect the arrest of a violent or combative suspect. The El Cajon Police Department regularly evaluates our policies and procedures.”National City also announced Wednesday that it would end the use of the carotid restraint. Read the department's statement below: 3036
SAN DIEGO (KGTV) - PhaseBio, a company based out of San Diego and Pennsylvania, announced it would be starting a clinical trial for a drug that could help keep severe COVID-19 patients from needing a ventilator. “If you are infected with coronavirus and you’re admitted to hospital, we’re trying to catch those patients before they have a rapid decline and prevent intubation or other more severe complications of the coronavirus,” said Jonathan Mow, CEO of PhaseBio. The drug is called PB1046 and is a “novel, once-weekly, subcutaneously-injected vasoactive intestinal peptide (VIP) receptor.” It was originally being researched for use on patients with high blood pressure, said Mow. But they pivoted when they realized it might have properties that could help prevent acute respiratory distress syndrome (ARDS), a potentially deadly condition caused by the inflammation of the lungs due to the body’s immune response to the coronavirus. “We realized that the characteristics of our drug fit nicely to what we would want to control in the complications in coronavirus patients,” said Mow. The clinical trial will take place at 20 different locations and involve about 210 subjects who have been hospitalized and require oxygen, but have not been intubated. Mow said they hope to publish the results of the trial by the end of the year. 1345
SAN DIEGO (KGTV) -- People around the world are rallying for Navy EOD Tech Chief Petty Officer Kenton Stacy, critically injured in Syria.Five months and nearly 20 surgeries later, he still has a long recovery ahead.Stacy was in Syria clearing a hospital of IEDs when the explosion happened. At the time doctors gave him a two percent chance of survival.Stacy's brave comrades helped pull him from the rubble and to safety. One of them, Staff Sergeant Justin Peck, was honored by President Trump during his State of the Union address.Stacy is paralyzed from the neck down and blind in his left eye. He suffered extensive damage to his lungs, vocal chords trachea. Right now he cannot speak but doctors are hopeful that will change after operating on one of his vocal chords.Donations are being collected to help the Stacy family with ongoing needs, like getting a wheelchair accessible home and other necessary equipment.You can donate on their YouCaring page.Or you can donate through the 501(c)(3) nonprofit Operation Military Embrace: 1044