Apple has instructed its contract manufacturers to stop paying royalties to Qualcomm altogether. Injunction requests and an end to Qualcomm's iPhone modem sales are among the possible next steps.
Media stocks have outperformed the market since the inauguration of Donald Trump, with TV station owners led by Tribune Media pacing the sector.
Corporate tax cuts, net neutrality rollbacks and easier merger reviews would all be positives for the big telecoms.
Didi Chuxing reportedly raised $5.5 billion at a $50 billion valuation, while Bitcoin set a new all-time high at $1,331.31.