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via finance.yahoo.comBusiness & Companies

EchoStar gains on SpaceX talks; Lumentum, Marvell reach deal

FROM THE WIRE · FINANCE.YAHOO.COM

On this episode of Stock Movers:- EchoStar (ECHO) is gaining on news Elon Musk's SpaceX is looking to start a wireless service with Echostar.- Lumentum (LITE) is moving on news Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion. Lumentum…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA $115 billion enterprise value deal in AI-linked optical technology can move Lumentum and the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Marvell Technology has reached a deal to buy Lumentum at an enterprise value of $115 billion.
  2. 02Lumentum makes lasers and optical technology for moving large amounts of data at high speeds.
  3. 03EchoStar is gaining on news that Elon Musk's SpaceX is looking to start a wireless service with EchoStar.
  4. 04Apple shares are moving ahead of its earnings report and have climbed 25% from a late June low.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Lumentum Holdings Inc.LITEStock726.03 USD-1.56%today -13.64%Positive Marvell Technology, Inc.MRVLStock179.85 USD-1.43%today -8.43%Positive EchoStar CorporationECHOStock100.18 USD-0.09%today +3.34%Positive Apple Inc.AAPLStock339.15 USD-0.46%today -1.59%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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