EchoStar Corp 
SATS opened a whopping 45% up on Monday following reports that President Trump has stepped in to resolve a conflict between the satellite communication company and the FCC.
According to Bloomberg, the US President has urged EchoStar to consider a deal with the regulator that could potentially end the feud over its wireless spectrum licenses.
Despite today’s surge, EchoStar is down over 20% versus its year-to-date high in late February.
Why have EchoStar and FCC been in a conflict?
In May, FCC announced an investigation to determine whether EchoStar is in breach of regulatory obligations pertaining to its wireless and satellite spectrum licenses.
Reports last week even suggested that Brendan Carr, the agency’s Chairman, has…
