Expectations are that a deal between Sprint, T-Mobile and Dish Network will be announced within the next 48 hours, whereby Dish would pay around $3.5 billion for wireless spectrum from the two carriers to push through their merger.

Why it matters: In addition to America's mobile market no longer consolidating from four major national carriers to three, this could embolden top U.S. antitrust regulator Makan Delrahim, who looked to be on his heels after being handed his legal hat on the AT&T/Time Warner deal. This comes just as the Justice Department confirmed that it will launch an investigation into the power and behavior of online platforms.

  • Dish also would pay around $1.5 billion for a prepaid mobile business that the merging companies agreed to divest as part of an earlier FCC agreement, and pledge to hold all the acquired assets for at least three years.
  • There had been talk that Amazon had interest in the prepaid business. In general, Amazon just seems to have a tire-kicking fetish.

By the numbers: T-Mobile executives spent $195,000 at the Trump International Hotel after the company agreed to buy Sprint for $26 billion, as disclosed this past March — but DOJ was unswayed by all of those suite stays, let alone the companies' PR strategy of talking up Trump-bait like job growth and 5G leadership.

Between the lines: Elon Musk must be ready to take a flame-thrower to SEC social media regulators, given how John Legere appears to have skated for his misleading — and still available — tweet about DOJ objection to the original deal structure.

Go deeper: 5G is off to a slow start

Go deeper

4 mins ago - World

Mayor of Seoul found dead

Park at a conference in 2017. Photo: Aurelien Morissard/IP3/Getty Images

Seoul Mayor Park Won-soon has been found dead hours after his daughter reported him missing, prompting a massive manhunt, Yonhap news agency reports.

What we know: Park's disappearance came shortly after allegations of sexual harassment against him were published in local media, according to the FT, which also reports that his daughter had found a "will-like message."

Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 12,081,232 — Total deaths: 550,440 — Total recoveries — 6,639,503Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 3,057,431 — Total deaths: 132,360 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 states — Fauci says states with severe outbreaks "should seriously look at shutting down"
  4. Education: How Trump's push to reopen schools could backfire — College sports stare down a disaster in the fall.
  5. Jobs: 1.3 million Americans filed for unemployment last week.
  6. Travel: Over 1,000 TSA agents have tested positive.