A few diamonds today. Merger Monday on a Tuesday. EchoStar Corp (SATS) is up 75% as they will sell their spectrum licenses to AT&T for $23 billion. The acquisition will help AT&T bolster and expand their spectrum portfolio, covering virtually every US market. AT&T’s (T) stock is quiet today.

Eli Lilly (LLY) jumps nearly 4% today as a new Phase 3 study showed their obesity and diabetes drug helped parents lose 10% of their body weight verse just 2% for the placebo drug. The better than expected trial study news moves the drug that much closer to final approval. Rivals, Viking Therapeutics and Novo Nordisk are lower on this news.   

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