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WASHINGTON (Reuters) - U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s (TMUS.O) plan to buy Sprint Corp (S.N) for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday. Sprint shares were up 8.7 percent at $6.11 and T-Mobile rose 6.7 percent to $65.65 in late-afternoon trading, after the New York Post reported that U.S. regulators believed that just three national providers were needed, removing an obstacle to the deal.

The two companies compete against AT&T (T.N) and Verizon (VZ.N) to provide U.S, wireless service, The source, requesting anonymity because he was not authorized to speak on the record, said “at least” three carriers were needed, and that the report’s assertion that regulators have decided on just three carriers was not entirely accurate, The Justice Department did not immediately respond to a request for comment, hand painted american buffalo nickel coin cufflinks T-Mobile and Sprint declined to comment, The deal, announced in late April, faces a review from the Justice Department and Federal Communications Commission that will likely last more than a year..

The two companies are the third and fourth largest U.S. wireless carriers, respectively, and have defended their deal by saying they need to merge to build the next generation of 5G wireless technology in a “robust” nationwide network. The Obama administration had taken at least twice to ensure that the United States had four wireless carriers. The head of the U.S. Justice Department Antitrust Division, Makan Delrahim, has declined to endorse that and said in June: “I don’t think there’s any magical number that I’m smart enough to glean.”.

(Reuters) - Wall Street is largely backing CBS Corp (CBS.N), with few analysts changing their ratings or price targets on the media company, even as it looks into allegations of sexual hand painted american buffalo nickel coin cufflinks misconduct against Chief Executive Les Moonves, The current breakdown of analyst recommendations is 19 “strong buy” or “buy” ratings and 11 “hold” ratings with no “sell” or “strong sell” recommendations, according to Thomson Reuters data, CBS shares were down 0.5 percent at $52.87 on Monday..

The company’s shares have lost about 8 percent of their value since July 26, the day before the New Yorker magazine published an article containing allegations of sexual harassment against Moonves by six women ranging from 1985 to 2006. Moonves has said that he “may have made some women uncomfortable by making advances” decades ago, which he called mistakes that he regretted immensely, but that he understood “‘no’ means ‘no’” and had never used his position to harm anyone’s career.

Last week CBS hired two law firms to investigate the allegations against Moonves, Among Wall Street analysts, the mean price target for CBS stock is $65.04, down only slightly from $65.88 on July 6, Some analysts cited a “generally solid” second quarter after CBS results topped Wall Street estimates Aug, 2, But they also refer to the Moonves investigation as a big overhang on the stock, MoffettNathanson analyst Michael Nathanson, who has a “neutral” rating on CBS and a price target of $58, said it hand painted american buffalo nickel coin cufflinks is “uninvestable” and that “if these accusations are correct, it would be impossible for Moonves to continue” as CEO..

B. Riley’s Barton Crockett, who rates CBS as a “buy” and has a $61 price target on the stock, refers to the Moonves situation as a “sideshow drama.”. “Every media company that’s lost top execs/talent to #MeToo has continued apace, because of other talent/management stepping up,” he said. “CBS, we believe, would, too.”. The investigation of Moonves comes as CBS is locked in a legal battle with its largest shareholder, Shari Redstone’s National Amusements Inc. Moonves has opposed Redstone’s efforts to merge CBS with Viacom Inc (VIAB.O), also owned by National Amusements.

MEXICO CITY (Reuters) - Mexico’s economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and in turn was studying the U.S, position, The United States has demanded tougher rules of origin, particularly on what percentage of a car needs to be built in the NAFTA region to avoid tariffs than outlined in the current trade deal, “We have a proposal on the table, we’re analyzing some characteristics of the U.S, position, and we’re doing it clearly in line with our dialogue with Mexico’s auto hand painted american buffalo nickel coin cufflinks industry,” Guajardo told reporters after an event in Mexico City..

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