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Topics Trending in the Stock Market on June, 24

Tensions have been running extremely hot between the U.S. and Iran, after a U.S. surveillance drone was shot down last week. The Trump administration indicated that Iran could face new sanctions. On Monday oil prices continued to rise.

Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for about $8.7 billion in cash and stock. The deal values Caesars at about $13 a share, according to the insider information. Including assumed Caesars debt, the transaction would be valued at about $18 billion.

As part of a 150-day review that started after cybersecurity concerns in the United States, officials are asking telecom equipment makers if they can develop U.S.-bound hardware including cellular-tower electronics as well as routers and switches, and software outside of China.

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