*By Jeffrey Marcus*
T-Mobile announced Wednesday it had its best second quarter ever, booking earnings of $0.92 per share on $10.6 billion in total revenueーincluding a record $7.9 billion from services.
The wireless provider also added 1.6 million new customers, the 21st consecutive quarter in which subscribers grew by more than 1 million, the company said. T-Mobile also increased its target for branded postpaid customers to 3.6 million by the end of the year.
T-Mobile U.S. president and COO Mike Sievert said Wednesday in an interview with Cheddar that the company's growth would strengthen its hand in a proposed merger with rival Sprint. After several failed attempts which spanned a couple years, the companies announced an agreement to merge in April and have been working to earn government approval on the promise of increased competition from fewer, stronger rivals.
"The capacity of this network will create competition," Sievert said. "When we get this network built, it is going to have seven times the capacity of today's Sprint and T-Mobile combined. That's going to create a level of competition that AT&T, Verizon, and Comcast have never seen."
For more on this story, [click here](https://cheddar.com/videos/t-mobile-president-reacts-to-q2-earnings-and-merger-with-sprint).
3M said it will pay $6 billion to settle lawsuits claiming that it sold defective earplugs to the U.S. military.
Meta said it disrupted a campaign of disinformation linked to Chinese law enforcement.
Buying your first home can be challenging with rising interest rates and other costs. Cheddar News spoke with Amira Elgoneimy, a premiere agent with Redfin who caters to the New Brunswick, NJ area, and Daryl Fairweather, chief economist with Redfin, about the process involved in purchasing a residence in a competitive market.
Experts from Redfin real estate brokerage explain the challenges buyers are experiencing as they try to buy their first homes.
The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.
Disney's visual effects workers filed to unionize, according to Variety.
Bath & Body Works is looking to hire thousands of workers for the holiday season.
Elon Musk shared a video of himself testing Tesla's full self-driving software.
Chipotle will pay over $322,000 to Washington, DC after an investigation revealed over 800 alleged child labor violations over the past three years.
Amazon is raising the minimum amount non-Prime members need to spend to qualify for free shipping.
