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Acacia stock rises 3% as Chinese customers eyes resuming U.S. business

Shares of Maynard telecommunications equipment maker Acacia Communication opened Thursday up more than 3 percent after news its largest customer — a Chinese smartphone maker — would soon be allowed to do business in the U.S.
In a statement late Wednesday, the U.S. Department of Commerce it has signed an agreement with ZTE to lift the denial order once the company deposits $400 million in escrow.

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