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Trump says he signed an executive order delaying a ban on TikTok

Trump says he signed an executive order delaying a ban on TikTok

USA Today4 hours ago

Trump says he signed an executive order delaying a ban on TikTok The 90-day extension marks the third time that Trump has delayed a TikTok sell-or-ban law from going into effect after it it was passed by Congress.
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What we know now about TikTok and the upcoming ban extension deadline
As an extension deadline approaches, President Donald Trump will extend the deadline for a sale another 90 days, according to the White House.
WASHINGTON − President Donald Trump has again extended the deadline for a TikTok ban to go into effect, allowing the Chinese-owned social platform to continue operating for the 90 days.
Trump said earlier in the week that he planned to give TikTok a third extension and signed an executive order on June 19 making it official. It was the third time that Trump has authorized a delay.
The popular social media app's parent company, ByteDance, now has until Sept. 17 to secure a deal that satisfies a legal requirement. Lawmakers ordered TikTok to divest from its Chinese ownership or face a ban in the United States over national security concerns.

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ICE agents denied entry to LA's Dodger Stadium amid anti-immigration enforcement protests

time22 minutes ago

ICE agents denied entry to LA's Dodger Stadium amid anti-immigration enforcement protests

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Why EchoStar Has Blasted 48% Higher This Week
Why EchoStar Has Blasted 48% Higher This Week

Yahoo

time22 minutes ago

  • Yahoo

Why EchoStar Has Blasted 48% Higher This Week

Bloomberg reported that President Donald Trump wants the U.S. Federal Communications Commission (FCC) and EchoStar, which owns spectrum licenses, to end their dispute and make a deal. The FCC is reviewing whether EchoStar is in federal compliance, which is crucial to the company's plan to build out a 5G internet network. EchoStar's spectrum licenses are very valuable and could be worth a lot more than the company's current market cap. 10 stocks we like better than EchoStar › Since last Friday, shares of the satellite television and wireless operator EchoStar (NASDAQ: SATS) had blasted nearly 48% higher as of Thursday, a day in which the market is closed due to the observance of Juneteenth. The stock rocketed higher after media outlets reported that President Trump has encouraged the company and the U.S. Federal Communications Commission (FCC) to make a deal and end their dispute. EchoStar owns several satellite, phone, and television companies, including Boost Mobile, HughesNet, Dish, and Sling. The company and its subsidiaries also own spectrum licenses, which grant it approval to use parts of the electromagnetic spectrum, which is critical for operating and providing various forms of wireless communications. Earlier this year, the FCC said they were investigating whether EchoStar is complying with the necessary federal laws to keep its spectrum licenses that it needs to build out its planned 5G internet service in the U.S. In response, EchoStar decided to not make interest payments on some of its bonds, which gave the company 30 additional days to make payments, in hopes the FCC would finish its review. These events led some to believe the company may ultimately default on the payments and enter bankruptcy. Trump's intervention and the administration's deregulatory approach has likely made some investors think a deal will be made. Bloomberg also reported earlier this week that FCC Chair Brendan Carr told EchoStar to sell some of its spectrum licenses or potentially lose them. UBS analyst John Hodulik said in a research report earlier this week that the spectrum licenses could be worth as much as $35 billion. The stock only trades at a roughly $7.2 billion market cap. There's also big upside if EchoStar ends up succeeding in building its wireless network. However, investors should keep in mind that regulatory battles like this are often unpredictable. This is a risky bet, so I wouldn't make it a core position. But if you want to take a chance, make sure you only invest what you can afford to lose. Before you buy stock in EchoStar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EchoStar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EchoStar Has Blasted 48% Higher This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

What to know about the MOP and the B-2, the bunker-buster bomb and plane that could be used to strike Iran
What to know about the MOP and the B-2, the bunker-buster bomb and plane that could be used to strike Iran

CBS News

time23 minutes ago

  • CBS News

What to know about the MOP and the B-2, the bunker-buster bomb and plane that could be used to strike Iran

B-2 Spirit Bombers: The planes that could be used to target Iran's Fordo nuclear site Israel's strikes against Iran have killed a number of its top nuclear scientists and battered its nuclear facilities, but complete destruction of Iran's ability to make weapons-grade uranium is believed to be out of reach — unless the U.S. agrees to help. At least one key uranium enrichment site, Fordo, has so far been unscathed. Located 300 feet beneath a mountain and protected by Russian-produced air defenses, Fordo is believed by military experts to be key to Iran's nuclear program. Nuclear non-proliferation experts say this is where Iran has tried to enrich uranium for weapons purposes and expand its stockpile of enriched uranium. Israel's best chance at destroying the facility at Fordo could lie with a U.S.-produced bomb that's so heavy that it can only be dropped by a U.S. plane. At a hearing Wednesday, Democratic Sen. Jeanne Shaheen of New Hampshire raised this with Defense Secretary Pete Hegseth. "It's being reported that the president is being asked to consider providing the bunker-buster bomb that is required to be carried only by the B-2 Bomber and would require a U.S. pilot," she said, asking Hegseth whether he had been asked to provide President Trump with options for striking the Middle East. He declined to answer. Mr. Trump is considering joining Israel's offensive against Iran, and approved attack plans Tuesday, but has not made a final decision, CBS News has reported. The White House said Thursday that the president would make a decision on whether to order a strike within the next two weeks. Sources told CBS News that the president had discussed the logistics of using bunker-buster bombs as he weighs whether to wade into the conflict between Iran and Israel. Massive Ordnance Penetrator bomb In this photo released by the U.S. Air Force on May 2, 2023, airmen look at a GBU-57, or the Massive Ordnance Penetrator bomb, at Whiteman Air Base in Missouri. U.S. Air Force via AP, File The bomb that Shaheen was referring to is the GBU-57 Massive Ordnance Penetrator, known as a MOP. It is designed to attack "deeply-buried facilities and hardened bunkers and tunnels," according to the Air Force. It's guided by military GPS and is meant to reach and destroy targets in well-protected facilities. The MOP measures about 20.5 feet in length and 31.5 inches in diameter, according to the Air Force. It weighs in at just under 30,000 pounds, including about 5,300 pounds of explosive material. The Air Force says that the MOP's explosive power is over 10 times that of its predecessor, the BLU-109. It's designed to penetrate up to 200 feet underground before exploding. The warhead is encased in a special high-performance steel alloy, which is meant to enable it to carry a large explosive payload while maintaining the penetrator case's integrity during impact, according to an Air Force fact sheet. Boeing developed the GBU-57, and as of 2015, the aerospace company had been contracted to produce 20 of them, according to the Air Force. Because of the GBU-57's weight — it's the heaviest bomb produced by the U.S. — the B-2 Spirit is currently the only aircraft in the Air Force that is equipped to carry and deploy it. B-2 Spirit A U.S. Air Force B-2 Spirit stealth bomber lands at RAF Fairford in Gloucestershire. Steve Parsons/PA Images via Getty Images One of the key attributes of the B-2 Spirit is its stealth — it's able to evade air defenses and reach heavily defended targets. It's aerodynamically efficient and its internal weapons bays can carry two of the GBU-57 bombs. Because of what the Air Force refers to as the plane's "low-observable technologies," the B-2 Spirit has a "high level of freedom of action at high altitudes." It's built with a combination of "reduced infrared, acoustic, electromagnetic, visual and radar signatures." This, along with composite materials, special coatings, wing design and other classified processes, make the B-2 difficult for even the most sophisticated defense systems to detect and track. Without refueling, its range is about 6,000 nautical miles. The B-2 took its first flight in 1989, in California, but now, Whiteman Air Force Base, in Missouri, is the only B-2 base. It's been used for airstrikes in the Kosovo War, in Afghanistan and in Iraq. The prime contractor for the B-2 is Northrop Grumman. For years, some lawmakers and defense experts have suggested that the U.S. provide Israel with GBU-57 bombs and jets capable of carrying them — but the idea is controversial, with critics arguing the move would be provocative.

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