Reported 1 day ago
EchoStar Corporation (SATS) experienced a significant surge of 13.16% in stock price, closing at $28.81, after announcing it would pay $500 million in interest payments due to support from President Trump amid its regulatory issues with the FCC. This decision alleviated bankruptcy fears that had arisen when the company previously missed its payments, citing a freeze on decision-making due to its ongoing disputes with the FCC regarding compliance and service obligations.
Source: YAHOO