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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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U.S. sanctions Chinese officials over Uighur human rights abuses

Photo: Xinhua/Liu Jie via Getty Images

The Treasury Department announced Thursday that the U.S. has sanctioned four Chinese Communist Party officials and the Xinjiang Public Security Bureau for human rights abuses against Uighur Muslims and other ethnic minorities in Xinjiang.

Why it matters: The sanctions designations, pursuant to the Global Magnitsky Act passed by Congress in 2016, mark a significant escalation in the Trump administration's response to the Chinese government's detainment of over 1 million Uighurs in internment camps.

Updated 17 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 12,118,667 — Total deaths: 551,271 — Total recoveries — 6,649,930Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 3,081,383 — Total deaths: 132,570 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 statesFlorida reports highest single-day coronavirus death toll since pandemic began.
  4. Science: World Health Organization acknowledges airborne transmission of coronavirus.
  5. Travel: Young adults are most likely to have moved due to coronavirus.
34 mins ago - World

China's extraterritorial threat

Illustration: Aïda Amer/Axios

All multinational companies and executives need to worry about breaking U.S. law, no matter where they're based or doing business. Now, they need to worry about Chinese law, too.

Why it matters: The projection of U.S. norms and laws around the world has been an integral (and much resented) part of America's "soft power" since 1945. As China positions itself to replace the USA as global hegemon, expect it to become increasingly assertive along similar lines.