Spirit Airlines, JetBlue merger blocked federal judge. Here's why.
Judge sides with Biden administration, blocking JetBlue from buying Spirit Airlines, saying it would reduce competition and raise fares.
Low-cost carrier News & Breaking Stories
Spirit Airlines stock tanking blocked merger
Federal judge blocked JetBlue's $3.6 billion acquisition of Spirit. Spirit stock fell while JetBlue's rose. Airlines to 'evaluate next steps.'
Wall Street gains as mixed CPI data bolsters rate-pause hopes
Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.
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