Australia Sues 3M for Over A$2 Billion Over PFAS Firefighting Foam Contamination 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote 
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
US Quantum Stocks Surge After $2 Billion Government Investment 
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
Sable Offshore Wins Key Court Battle Over California Oil Pipeline 
Universal Music Group Rejects Pershing Square Takeover Proposal 
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence 
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand 
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
On Sunday, US wireless carrier Sprint unveiled its plans to reduce its fiscal costs for 2016 by as much as USD2.5 billion. According to the company, the fiscal cost cuts, which will include measures like job layoffs and other cost controls, is an essential part to turn Sprint around.
Although he decline to share the number of people Sprint will lay off, spokesman Dave Tovar said in an interview with Fortune, “We are leaving no stone unturned and looking at all areas. We are trying to get more in line with the industry average.”
Tovar said the company will provide more details about the cost control plan.
24/7 Wall Street wrote that Sprint has been on a cost-cutting roll prior to the announcement. In September, the company announced that it will not participate in the upcoming wireless spectrum auctions, explaining that it has sufficient spectrum for its customers.
