Visa to Move European Headquarters to London’s Canary Wharf 
UN General Assembly Demands Russia Return Ukrainian Children Amid Ongoing Conflict 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Taiwan Signals Openness to Renew Ties with Honduras as Election Unfolds 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
New Orleans Immigration Crackdown Sparks Fear as Federal Arrests Intensify 
Germany Moves to Approve €2.9 Billion Defense Procurement Package 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Australia Progresses AUKUS Review as U.S. Affirms Strong Support 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
China’s Expanding Maritime Military Presence Alarms Taiwan and Japan 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
U.S.-Russia Talks Leave Ukraine Peace Efforts Uncertain 
EchoStar Corp (NASDAQ: SATS) surged 52% in after-hours trading following a Bloomberg report that President Donald Trump urged a resolution over the company’s wireless spectrum licenses. Trump reportedly met with EchoStar Chairman Charlie Ergen and phoned FCC Commissioner Brendan Carr, who later joined the White House meeting.
EchoStar is facing pressure from the Federal Communications Commission, which is reviewing the company’s compliance with its 5G buildout obligations. In May, the FCC questioned EchoStar’s extension request and mobile-satellite service operations, raising the possibility of revoking its licenses. EchoStar argues such actions would harm its wireless rollout and jeopardize satellite-based video and broadband services that millions rely on.
The company also claims that revoking previously granted spectrum rights—licenses it says cost billions in payments and investments—would break with long-standing regulatory precedent. EchoStar disclosed it had missed about $500 million in interest payments, attributing the lapse to the uncertainty surrounding the FCC probe.
DirecTV, which had agreed to acquire EchoStar’s satellite TV business last year, terminated the deal after a failed debt-exchange proposal. The unit includes Dish TV, a key rival in the U.S. satellite space.
Neither the FCC nor EchoStar provided comment to Reuters on Friday, while the White House also declined to issue a statement.
The outcome of the ongoing discussions could significantly impact EchoStar’s viability as a U.S. wireless provider and reshape the competitive landscape for mobile and satellite communications. With Trump’s direct involvement and the FCC’s scrutiny intensifying, the future of EchoStar’s multibillion-dollar spectrum assets remains uncertain—while markets respond with high volatility.
