By Stephen Nakrosis 
 

Shares of Qualcomm Inc. are moving higher on the Nasdaq Tuesday following news that a U.S. appeals court tossed out an antitrust ruling against the company.

At 12:30 p.m. EDT, the company's stock had risen 4.23% to trade at $110.85. The stock opened at $106.20 and had traded as low as $104.74 earlier in the session.

The Wall Street Journal said the Ninth Circuit Court of Appeals threw out a trial judge's antitrust judgment against the company.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

August 11, 2020 12:51 ET (16:51 GMT)

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