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T-Mobile and Sprint finally agreed to a massive telecom merger after years of negotiations punctuated by two breakups.The billion merger, announced Sunday, values Sprint near its current share price of .50.The tie-up would position the telecom companies as fiercer competitors to Verizon and AT&T, which have long dominated the US market."I'm excited to announce that @TMobile & @Sprint have reached an agreement to come together to form a new company -- a larger, stronger competitor that will be a force for positive change for all US consumers and businesses! Watch this & click through for details." said T-Mobile CEO John Legere, in a tweet Sunday.A report that the deal was getting close drove up Sprint's stock price by 8% on Friday and T-Mobile's price edged up as well. The stock price for SoftBank, a Japanese conglomerate with a majority stake in Sprint, rose by 3%.Sprint and T-Mobile first discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration.The companies expected to have a better shot at the merger under the Trump administration.Sprint stock tanks as T-Mobile merger said to collapseSoftBank CEO Masayoshi Son met with Trump the month before he took office to talk up an investment in US businesses.A few weeks later, T-Mobile's Legere said he was open to "various forms of consolidation" when asked about a potential merger with Sprint and SoftBank under the Trump administration.But last November, after much speculation, the two companies issued a statement saying they "have ceased talks.""While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own," Marcelo Claure, the Sprint CEO, said at the time.Sprint and T-Mobile's announcement is just the latest step in an ongoing movement towards telecom consolidation. AT&T is in talks to acquire Time Warner, which owns CNN and CNNMoney. The outcome of that billion merger-in-the-making depends on a case in federal court, which is pending the decision of the judge. 2203
Three national parks recorded its highest number of visitors last month.According to The Billings Gazette, Yellowstone National Park recorded more than 360,000 visitors in October, which is an increase of 110% from last October.Its previous October record was set in 2015 when 252,000 guests visited the 2.2 million-acre national park.But for the whole year, visitation is down 6% from the same time as last year, with about 3,740,000 people visiting the park, the Associated Press reported, but that's because the park was closed for two months due to the coronavirus pandemic.Another national park that saw record crowds was Grand Teton National Park, located 31 miles from Yellowstone.In October, Grand Teton saw more than 351,000 guests, which is up 88% percent from this exact time last year, the Gazette reported. According to the newspaper, the national park's previous October record was set in 2018 with more than 207,000 visitors.The newspaper also stated that Glacier National Park recorded more than 125,000 tourists last month. In 2018, only 78,000 guests visited, and over the previous three years, the national park has recorded about 85,000 people. 1172
Though he has not completely recovered from the coronavirus, President Donald Trump left Walter Reed Medical Center Monday evening.The president's helicopter Marine One touched down shortly before 7 p.m. in front of the White House. The president walked up the stairs to the White House, took off his mask and stood alone for several moments before entering the White House. The president did not put his mask back on before entering the White House, despite aides and assistants clearly inside the White House. The moment potentially exposed additional workers in the White House complex who have worked in a dangerous environment in recent weeks as the virus has spread among a number of key staff members.President Trump has returned to the White House after spending three nights at Walter Reed Medical Center for coronavirus treatment.After exiting Marine One, Trump walked up a set of stairs, took off his mask and posed for photographs on a balcony. https://t.co/P3BAaWUCWL pic.twitter.com/Ibc3BHGlRX— CNN (@CNN) October 5, 2020 According to experts, the president would likely still be contagious for up to 10 days following the onset of coronavirus symptoms.Despite not having fully recovered from the coronavirus, Trump's health has improved enough for him to return to the White House, his doctors said on Monday."Though he may not be entirely out of the woods yet, the team and I agree that almost all of our evaluations, and most importantly, his clinical status, support the President's safe return home, where he'll be surrounded by world-class medical care 24/7," Dr. Sean Conley said in a press conference Monday.Conley's press conference came about an hour after Trump tweeted himself that he would be leaving the hospital at 6:30 p.m. ET."I will be leaving the great Walter Reed Medical Center today at 6:30 P.M. Feeling really good!" Trump tweeted. "Don’t be afraid of Covid. Don’t let it dominate your life. We have developed, under the Trump Administration, some really great drugs & knowledge. I feel better than I did 20 years ago!" 2068
Toilet paper, cleaning products, meat, and now possibly pepperoni. One of America’s favorite pizza toppings could become scarce due to the coronavirus pandemic.Pepperoni is becoming more expensive due to production slowdowns at meat plants and the high demand for pizza.Small pizza shops say pepperoni is now a pound — up from earlier this year, Bloomberg reported.Larger pizza chains have pre-negotiated contracts, so they haven’t been hit by the price increases or shortages just yet.This story was first reported by Lauren Cook at WPIX. 553
There was love in the air during the "American Idol" finale Monday night, and not just from fans rooting for their favorites.It was revealed that the final pair of contestants, Caleb Lee Hutchinson and Maddie Poppe, are dating.Poppe, a 20-year-old singer-songwriter from Iowa, claimed the Idol title over her 19-year-old beau, who is a musician from Dallas, Georgia.Hutchinson congratulated his girlfriend in a tweet that excitedly proclaimed, "MY GIRLFRIEND WON AMERICAN IDOL!!!" 488