SpaceX shares rose 4% in premarket trading Friday after announcing an agreement with Grain Management to sell its nationwide 800 MHz spectrum portfolio, bolstering Starlink Mobile’s capabilities. This announcement weighed on telecom operators: T-Mobile dropped 7%, AT&T fell nearly 6% and Verizon lost more than 5%, while tower operators American Tower and Crown Castle gained 6% and nearly 8% respectively. Delta Air Lines fell 4% after reporting weaker-than-expected third-quarter results with adjusted earnings of $1.72 per share on revenue of $17.59 billion, and cut its full-year outlook due to higher fuel costs. In the managed care sector, Humana surged 14% after its largest Medicare Advantage contract saw an improved rating, while Alignment Healthcare cratered 23%.
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