EchoStar Corporation (SATS) shares soared 75.73 percent to $52.51, rising $22.63 after AT&T agreed to acquire certain wireless spectrum licenses from the company for about $23 billion. The deal marks one of the largest U.S. spectrum transactions in recent years. The stock opened at $54.11 and traded between $51.89 and $55.19, compared with a previous close of $29.88 on the Nasdaq. Trading volume surged to 34.1 million shares, far exceeding the average of 3.6 million. EchoStar now sits near the top of its 52-week range of $14.90 to $55.19.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.