The (https://www.cnbc.com/2026/06/04/supreme-court-sides-with-fcc-in-clash-with-wireless-carriers.html) on fines against AT&T and Verizon. This isn't a headline — it's a structural shift. Carriers lost their last lever to fight regulatory cost creep. Dividend-dependent names like $VZ and $T now have zero optionality when the FCC wants to extract margin.

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