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T-Mobile Us Inc TMUS stock was trading marginally lower Tuesday morning after gaining more than 7 percent Monday. The wireless carrier moved higher after the New York Post reported the Department of Justice believes three 5G carriers would be sufficient to ensure a competitive industry. The report further fueled speculation of a T-Mobile merger with Sprint Corporation S

Cigna Corporation CI was trading flat after shareholder and activist investor Carl Icahn released an open letter which voiced his opposition to the proposed takeover of Cigna by Express Scripts Holding Co ESRX.

Twilio Inc TWLO gained more than 17 percent in reaction to a strong second-quarter earnings report. The cloud communications platform said it earned 3 cents per share in the quarter on revenue of $147.754 million versus expectations of a 5-cent per share loss and $131.06 million. Management also guided its full year EPS to a range of 2 to 4 cents on sales of $585.5 million-$589.5 million versus expectations of an 8-cent per share loss and $543 million.

Turtle Beach Corp HEAR was trading higher by more than 8 percent in reaction to its second-quarter results. The maker of gaming headset and audio accessories said it earned 44 cents per share in the quarter on revenue of $60.8 million versus expectations of a 2-cent per share loss and $47.9 million. Management also lifted its full year EPS outlook from 95 cents to $1.95 and lifted its sales guidance from $205 million to $255 million.

Walt Disney Co DIS was trading marginally higher ahead of its scheduled fiscal third-quarter earnings report after Tuesday's close. The company is expected to earn $1.95 per share on sales of $15.34 billion. Many investors will be paying attention to streaming growth metrics, ESPN+ and commentary regarding the pending acquisition of most of Twenty-First Century Fox Inc FOXA's assets.

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