EchoStar Soars; US Steel Rallies; Sarpeta Plunges
On this episode of Stock Movers:- EchoStar (SATS) is soaring this morning as President Trump urges the company to make a deal with the FCC for its wireless spectrum licenses. The president met with EchoStar Chairman Charlie Ergen and Carr at the White House, encouraging them to work together and reach a deal. The FCC is investigating whether EchoStar is meeting obligations for its wireless and satellite spectrum rights, and the company has been skipping bond coupon payments and considering filing for bankruptcy.- US Steel (X) is rallying today as Nippon Steel secured approval from President…
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