T-Mobile to Buy Most of US Cellular for $4.4 Billion; Court to Hear TikTok Ban Challenges in Sept. | Business Matters Full Broadcast (May 28)

The Nasdaq crossed 17,000 for the first time ever on Tuesday, boosted by gains in Nvidia, while the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose.

T-Mobile will buy almost all of regional carrier United States Cellular’s wireless operations, including customers, stores, and 30 percent of its spectrum assets in a deal valued at $4.4 billion, the telecom giant said on Tuesday.

A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban.