Pipeline company’s stock soars 35% on debt-ceiling deal

Equitrans Midstream Corp.’s stock closed 35% higher on Tuesday as investors reacted to a debt-ceiling bill’s inclusion of a provision that would allow for expedited completion of the company’s Mountain Valley Pipeline.

Equitrans ETRN is “the clearest beneficiary of this provision,” as the pipeline’s lead developer, said BTIG analysts Isaac Boltansky and Isabel Bandoroff in a note.

The…