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Why Amazon Stock Just Popped

Amazon.com (AMZN +3.83%) is buying Globalstar (GSAT +9.63%) for $11.6 billion, as announced this morning. In response to the news, Amazon stock is up 4%, Globalstar is up 9.3%... and Apple (AAPL 0.17%) stock is down 0.3%, all as of 2:40 p.m. ET. Image source: Getty Images. What's Apple got...

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