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Severe drought across parts of Europe has pushed major rivers to unusually low levels, cutting electricity output and straining inland transport networks. At Serbia’s Djerdap 1 hydropower plant on the Danube, generation has dropped to 20% of capacity, while shipping constraints have reduced inland cargo volumes linked to Rotterdam by about 10% versus normal. In Italy, regional utility A2A expects hydropower production of 3.9 TWh this year, below a historical average of 4.1 TWh. The disruption is affecting power supply and river logistics at the same time, adding pressure to electricity markets and energy systems.

GoDaddy reported second-quarter results on Thursday and lowered its fiscal 2026 revenue guidance to $5.215 billion–$5.255 billion, with the $5.235 billion midpoint below the $5.242 billion consensus estimate. The company also forecast third-quarter revenue of $1.315 billion–$1.335 billion, slightly under analysts’ $1.326 billion estimate. As of June 30, GoDaddy had $1.2 billion in cash and cash equivalents and $3.8 billion of total debt, leaving net debt of $2.7 billion. The guidance and financial update weighed on GoDaddy (GDDY) shares.

Blue Dart Express reported results for Q1 FY27, with net profit up 81.2% year on year, while revenue from operations rose 15% to ₹1,657.7 crore. EBITDA climbed 33.5% to ₹261.2 crore, lifting the EBITDA margin to 15.8% from 13.6% a year earlier. The performance reflected improved operating efficiency and stronger pricing power amid solid demand, supporting the stock’s performance.

Moleculin Biotech (Nasdaq: MBRX) said it has completed an underwritten public offering raising $9.3 million. The deal included 12,376,667 shares of common stock (or equivalent prefunded warrants) and accompanying warrants. The warrants have an exercise price of $0.75 per share and expire five years after the initial exercise date.

Oracle said it will integrate Google’s Gemini 3.1 Flash-Lite and Gemini 3.5 Flash models into its enterprise applications, including NetSuite, to bolster AI capabilities. The move does not use models from OpenAI, which partners with Oracle on infrastructure. After the announcement, Oracle shares rose as much as 8.4% to $127.64. NetSuite has more than 44,000 customers, putting the integration directly in the path of its SaaS competition and commercialization efforts.

India’s seven largest listed FMCG companies reported combined June-quarter revenue of ₹43,779 crore, up 13.9% year on year, while EBITDA rose 13.9% to ₹9,953 crore. Growth was driven by a recovery in rural demand, premiumisation and rapid expansion of quick commerce, signalling a shift toward volume-led gains alongside pricing. Tata Consumer Products stood out, while margin pressure in personal care from palm oil costs weighed on profitability. The results offer fundamental support for Indian consumer stocks.

AI music company Suno lost a lawsuit in Germany brought by the licensing group GEMA, after a court found it trained its models on works by GEMA-represented artists without permission. The ruling requires Suno to disclose any “illicit revenue” and pay damages of an unspecified amount. The company can still appeal the decision. The case is being treated as a copyright precedent for AI-generated content and is not tied to direct trading or price transmission in traditional financial assets.