Heard on the Street: Investors don't need a U.S. takeover of Nokia or Ericsson to benefit from the Trump administration's hawkish stance toward Huawei
The attorney general’s pitch for a U.S. takeover of Europe’s 5G equipment makers seems like a long shot, but investors might benefit from Washington’s hawkish stance on Huawei anyway.
Shares in mobile-network equipment providers Nokia and Ericsson, from Finland and Sweden, respectively, jumped on Friday morning after Attorney General William Barrsaid in a speech late Thursday that the U.S. should consider taking a “controlling stake” in either or both companies. Mr. Barr is worried that China’s Huawei is starting to build...
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