Sprint CEO Marcelo Claure (left) and T-Mobile CEO John Legere (right). Photo: T-Mobile

Sprint and T-Mobile executives said Sunday that neither company will owe the other if regulators block their proposed deal. However, a filing on Monday revealed that T-Mobile could owe Sprint $600 million under certain other circumstances, if it decides to back away from the transaction.

Why it matters: Despite the confidence of both CEOs, a good deal of uncertainty still hangs over the deal, including whether it can gain regulatory approval.

Breakup fee: The breakup fee would not apply if regulators oppose the deal, but rather if T-Mobile walks away from the deal and Sprint's credit rating remains above a certain level, among other conditions.

No shopping around: Under the terms of the deal, which were filed with the SEC on Monday, both Sprint and T-Mobile agreed not to solicit any alternative to their combination.

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Bryan Walsh, author of Future
15 mins ago - Science

The murder hornets are here

A braver man than me holds a speciment of the Asian giant hornet. Photo: Karen Ducey/Getty Images

Entomologists in Washington state on Thursday discovered the first Asian giant hornet nest in the U.S.

Why it matters: You may know this insect species by its nom de guerre: "the murder hornet." While the threat they pose to humans has been overstated, the invading hornets could decimate local honeybee populations if they establish themselves.

Biden is highest-spending political candidate on TV ads

Joe Biden. Photo: Sean Rayford/Getty Images

After spending an additional $45.2 million on political ads this week, former Vice President Joe Biden has become the highest-spending political candidate on TV ads ever, according to data from Advertising Analytics.

By the numbers: In total, the Biden campaign has spent $582.7 million on TV ads between 2019 and 2020, officially surpassing Michael Bloomberg's record spend of roughly $582 million. Biden's spend includes his primary and general election advertising.