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Title: EchoStar Corp. ($SATS) Stock: Soars Over 48% as White House Mediates Spectrum Dispute
In a dramatic turn of events, EchoStar Corp. ($SATS) stock has surged over 48% in the wake of reports suggesting that the White House is actively involved in mediating a spectrum dispute between the company and the Federal Communications Commission (FCC). This sudden surge marks a remarkable reversal for the stock, which had previously suffered a significant decline.
According to reports, President Trump met with EchoStar Chairman Charlie Ergen and FCC Chairman Brendan Carr to facilitate a resolution to this ongoing conflict. The White House’s intervention has sparked optimism among investors, who now believe that regulatory and financial uncertainties may soon be alleviated.
Source: coincentral.com
