U.S. Steel and EchoStar Jump on Trump Boost

Tiger Newspress

16 Jun

U.S. Steel shares jumped 5% in premarket trading on Monday after U.S. President Donald Trump approved $14.9 billion bid with Nippon, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy.

US President Donald Trump has intervened to push EchoStar Corp. and Federal Communications Commission Chairman Brendan Carr to resolve a dispute over the satellite communications company’s valuable spectrum licenses.

EchoStar shares surged 49.1% in premarket trading on Monday.

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