Qualcomm said to be preparing to give up on NXP bid

CNBC report

That's not a good sign for the trade war. Earlier today it looked like China might let the deal go through.

From CNBC:

"Qualcomm no longer expect the Chinese government to approve its deal for semiconductor manufacturer NXP, and CEO Steve Mollenkopf plans to lay out the company's share buyback plan when Qualcomm announces earnings after the closing bell today, according to a person familiar with the matter."