Jul 3, 2019

Sprint's stock rallies again as merger hopes rise

Data: FactSet; Chart: Harry Stevens/Axios

The $26.5 billion merger between T-Mobile and Sprint may just happen after all.

Driving the news: T-Mobile is near a deal with Dish Network that would prop up Dish as a new fourth U.S. wireless competitor, likely giving it cover for DOJ approval, CNBC reports.

Flashback: The companies have been working on a tie-up for years, and the FCC has paused its review of the merger three separate times to examine "new information" related to the deal (and because of the government shutdown in January).

  • Sprint's stock price has gone through a whirlwind of investor emotions over the course of the proposed deal's life and as of Tuesday it is 33 cents above the price at which T-Mobile originally agreed to purchase shares.

Go deeper: FCC chairman will recommend approval of T-Mobile, Sprint deal

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Japan to close schools through late March to control coronavirus outbreak

A couple takes photos in front of the Olympic rings in Tokyo. Photo: Tomohiro Ohsumi/Getty Images

Japanese Prime Minister Shinzo Abe announced Thursday that the government will ask elementary, middle and high schools around the country to close until late March as an attempt to contain its novel coronavirus outbreak, AP reports.

Why it matters: The government's decision — impacting 12.8 million students across 34,847 schools — comes as concerns mount about the spread of the virus in Japan, which has 189 confirmed cases and hundreds more abroad the quarantined Diamond Princess cruise ship.

Go deeper: The latest coronavirus updates

What the coronavirus means for Trump's presidency

Photo Illustration: Eniola Odetunde/Axios. Photo: Chris Graythen/Getty Images

A poor response to the coronavirus could be politically devastating for President Trump, and so far his administration has given the strong impression that it’s still scrambling as the risk of a pandemic mounts.

Why it matters: There’s only so much any president can do to stop a virus from spreading, and for now the coronavirus is still very much under control within the U.S. But if the disease get worse in the months ahead, and if the administration seems to be caught off guard, that spells trouble for public confidence in Trump.

Go deeperArrow2 hours ago - Health

Coronavirus updates: New global case numbers surpass China's

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus is now affecting every continent but Antarctica and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. As Denmark and Estonia reported their first cases Thursday, Scott Morrison, prime minister of Australia — which has 23 confirmed infections — told a news conference, "The risk of a global pandemic is very much upon us."

Go deeperArrowUpdated 4 hours ago - Health