Trump Weighs Ending Iran Ceasefire if U.S. Troops Are Killed as Conflict Enters Fourth Month 
US to Accelerate Troop Withdrawal from Europe, NATO Allies to Review Plans Next Month 
Australia Passes Major Tax Reform Bill to Boost Housing Affordability and Cut Taxes for Workers 
South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
Brazil Extends Fuel Subsidies and Tax Relief Measures Through July 2026 Amid Global Oil Market Volatility 
Lynas Rare Earths Names Pol Le Roux as Interim CEO Ahead of Leadership Change 
Trump Forced Labour Tariff Plan Faces Criticism as Experts Question Effectiveness 
AMLO Accuses U.S. of Interference as Mexico-U.S. Tensions Escalate in 2026 
ASIC Launches Formal Investigation Into KPMG Australia Partners Over Client Data Misuse Allegations 
US Expands Iran Sanctions, Targets Major Crypto Exchanges and Individuals 
Zelensky Invites Putin to Direct Peace Talks, Warns Ukraine Will Continue Fighting if No Progress Is Made 
US Appeals Court Allows Trump Military Enlistment Ban on Transgender Recruits, Protects Current Service Members 
DeepSeek Targets $7.4 Billion Funding Round, Valuation Could Reach $59 Billion in 2026 
Foreign Firms Cash In on India's IPO Boom 
Cambodia Launches UN Maritime Arbitration Against Thailand Over $300 Billion Energy-Rich Gulf Dispute 
Rubio Says Tiananmen Square Memories Endure Despite China’s Censorship 
Brazil Struggles to Stop Illegal Amazon Gold Mining as Gold Prices Surge 
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.
