AT&T’s vulnerability to a SpaceX mobile network push

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• Circle reports Q3 revenue up 17% YoY to $875M, driven in part by ARC token sales, net income up 5% YoY to $226M, and says it is cutting 5% of its staff (Yueqi Yang/The Information)

  Financial gains during the third quarter were partially fueled by momentum in ARC token transactions as the company expanded both top and bottom lines. However, management is simultaneously streamlining corporate operations to manage ongoing overhead. This internal restructuring will reduce total headcount even as profitability remains positive.

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• Chinese genetic firm Novogene sues US over military designation

  American defense officials barred direct agency contracting with the genetic sequencing enterprise after classifying it as an entity that aids Beijing's armed forces. The firm is now turning to the federal court system to contest the government restrictions imposed earlier this summer. This legal maneuver mirrors similar courtroom resistance from other major Chinese corporations targeted by the Defense Department.

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• AMD expects to outsell Intel in Q4 for the first time in history

  The chipmaker's projected milestone stems from massive cloud infrastructure investments, with artificial intelligence accelerators and server processors fundamentally transforming its business model. Despite enduring softness across the personal computer and gaming console segments, massive adoption from major technology firms has driven historic revenue gains. This shift positions enterprise hardware to serve as the dominant financial driver for the company over the coming years.

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