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T-Mobile-Sprint Merger Has Majority Support at the FCC

(Bloomberg) — T-Mobile US Inc.’s proposed merger with Sprint Corp. has received a third “yes” vote at the U.S. Federal Communications Commission, moving the deal toward agency approval in coming days, according to two people familiar with the matter.All three Republicans on the five-member agency have voted for the deal, setting in motion procedures that would require agency action by Oct. 9, or Oct. 16 if an extension is requested by a commissioner, the people said. Neither agency Democrat has cast a vote, and both have called for delay.The third “yes” came from Commissioner Brendan Carr, according to the people, …read more […]

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Sarepta Climbs as Gene Therapy Shows Promise in Early Study

(Bloomberg) — Sarepta Therapeutics Inc.’s bulls may get some validation after the company’s experimental gene therapy for a rare type of muscular dystrophy improved physical fitness in a trio of patients.Updated data for the experimental compound showed patients with an inherited form of Limb-girdle muscular dystrophy reaped functional benefits in several areas after receiving SRP-9003, with a pair of teenagers posting gains in their ability to move when they typically would have experienced declines. Analysts had stressed that promising results could help the company shake-off a recent rout that wiped out $6 billion in market value as questions about the …read more […]

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136,000 jobs added in September as average hourly wages rise by 2.9% year-over-year

The September Jobs Report was released this morning, showing 136,000 jobs added, and a 2.9% rise in average hourly wages year-over-year. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre are joined by David Nelson, Belpointe Asset Management Chief Strategist, and Michelle Meyer, Chief U.S. Economist at Bank of America Merrill Lynch, to discuss. …read more […]

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Husky to sell Prince George Refinery to Tidewater Midstream

Canadian oil and gas producer Husky Energy said on Friday it would sell its Prince George Refinery to Tidewater Midstream and Infrastructure for C$215 million ($161.59 million) in cash. Husky said in early January that it was exploring options for some of its non-core and downstream assets, including the Prince George Refinery, to increase focus on its core assets in atlantic Canada and the Asia Pacific region. The Prince George Refinery has a capacity of 12,000 barrel-per day and supplies refined products to retail outlets in the central and northern regions of British Columbia. …read more […]