EchoStar’s stock was having its best day in 17 years after a report that President Trump has tried end the dispute between the company and the FCC.

NEW YORK (Reuters) -Shares of EchoStar rose as much as 50% on Monday following a late Friday Bloomberg report that U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses.

WASHINGTON (Reuters) -President Donald Trump urged EchoStar Corp Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses, Bloomberg reported on Friday. EchoStar shares were up 52% in after-hours trading Friday on the report.