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SAN DIEGO -- Qualcomm announced Tuesday that the company reached an agreement to purchase Dutch chipmaker NXP Semiconductors.One of Qualcomm’s subsidiaries will pay 7.50 per share for all outstanding shares of the company.Boards from both companies agreed on the deal which is contingent upon 70 percent of NXP’s shares being tendered. RELATED: Qualcomm rejects Broadcom's 'best and final' offer"The acquisition of NXP will enable us to accelerate our growth strategy," said Qualcomm board member Tom Horton. "The board unanimously believes this is an attractive acquisition at this price for Qualcomm stockholders based on NXP's recent strong financial performance, the growth in key strategic areas such as auto and (the internet of things) and our high confidence in management's ability to execute upon the synergy opportunities."The billion deal comes one week after leaders of Qualcomm met with Broadcom executives to discuss a 6 billion buyout.RELATED: Broadcom submits 'best and final' offer in attempt to acquire San Diego-based QualcommQualcomm has rejected buyout offers from Broadcom twice. Broadcom said during the last talks between the two companies that this was its “best and last offer” to purchase Qualcomm.Officials with Qualcomm cited low per-share price and lack of assurance from Broadcom that it would do everything it could to ensure the deal would pass regulatory scrutiny. 1432
SAN DIEGO — A San Diego-based stem cell research institute believes its discovery may have saved the life of a COVID patient on death's doorstep.GIOSTAR infused a 53-year-old man in a coma with Mesenchymal stem-cells taken from an umbilical cord. Prior to that, all other treatments were failing. "He was having a stroke, he was under dialysis, liver function was declining," said Dr. Anand Srivastava, co-founder of GIOSTAR. "Nothing was working."The patient, whose identity is not being released due to privacy laws, had been in a coma in a New Jersey hospital. GIOSTAR got special clearance from the Food and Drug Administration to try the stem-cell treatment. Srivastava said the patient began to recover, gradually over three weeks. "Slowly, his renal and liver function came closer to normal," he said. "He came out from the intubation, and now he is talking."The family, in an interview with GIOSTAR, said they had lost all hope. Srivastava said this treatment could be key as society awaits a vaccine. GIOSTAR is planning to do a double-blind study to confirm its conclusions about its treatment. It says that study should take about three months. 1164

SAN DIEGO (AP) — Tony Gonsolin quieted San Diego’s bats for seven innings, Edwin Rios homered and the Los Angeles Dodgers won 3-1 to snap the Padres’ eight-game winning streak and regain a 2 ?-game lead in the NL West. The seven-time NL West champion Dodgers, being pushed by a Padres team that hasn’t been to the playoffs since winning the division in 2006, bounced back from a 7-2 loss in the opener of the series between the NL’s two best teams. The Padres, cruising toward a berth in the expanded playoffs, lost for just the third time in 15 games. 560
SALEM, Ore. — Oregon Gov. Kate Brown says “dozens of people” are missing from the large wildfires that have burned across the state.Brown made the announcement at a news briefing Friday afternoon, and said the reports of missing people come from blazes in southern Oregon near Medford and the northern part of the state near the state capital of Salem.At least four wildfire deaths of have been reported in Oregon.Hundreds of firefighters, aided by helicopters dropping fire retardant and water, battled two large wildfires Friday that threatened to merge near the most populated part of Oregon, including the suburbs of Portland.The number of people ordered to evacuate statewide because of fires rose to an estimated 500,000 — more than 10% of the state’s 4.2 million people, the Oregon Office of Emergency Management reported late Thursday.The Oregon Convention Center in Portland was among the buildings being transformed into shelters for evacuees. Portland, shrouded in smoke from the fires, on Friday had the worst air quality of the world’s major cities, according to IQAir.Gov. Kate Brown said Thursday that more than 1,400 square miles (3,600 square kilometers) have burned in Oregon over the past three days, nearly double the land that burns in a typical year in the state and an area greater than the size of Rhode Island. 1343
SAN CLEMEMTE, Calif. (KGTV) -- Video shows nearly a dozen people escaping onto a San Diego County beach in a smuggling attempt. The video was captured on October 25 by U.S. Customs and Border Protection. At midnight, agents reportedly spotted a suspicious panga-style vessel landing on a beach near San Mateo Point in San Clemente. RELATED: Panga boat washes ashore on San Diego beach, but no passengers foundVideo then shows 11 people getting off the boat, running toward a multi-million dollar beachfront home. Border Patrol agents were able to detain nine out of the 11 people. The agency says six of the individuals were Chinese nationals while three were Mexican nationals. All were in the U.S. illegally, CBP says. RELATED: Panga Boat found at Tamarack State Beach, Border Patrol investigatingThe captain of the boat faces federal human smuggling charges. 870
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