NEW YORK (AP) — The stocks of a slew of technology companies jumped Monday after President Donald Trump appeared to lobby on behalf of ZTE, a Chinese telecom company that has been sanctioned by the U.S.
The U.S. government cut off ZTE's access to American suppliers in April in a case involving illegal exports to North Korea and Iran. Early this month ZTE halted core operations.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:
Viacom Inc., down $1.48 to $28.74
CBS filed a lawsuit against controlling shareholder National Amusements, a move that could block a combination of CBS and Viacom.
Acacia Communications Inc., up $2.75 to $34.25
President Donald Trump tweeted that the U.S. might ease sanctions on Chinese company ZTE, a major customer for Acacia.