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Rocket Lab Drops on Launch Pushback; Riot Platforms' Anthropic Deal | Stock Movers

On this episode of Stock Movers: - Anthropic PBC has struck a $9.1 billion deal with Riot Platforms (RIOT), a Bitcoin mining company that recently began selling AI data center capacity. Riot disclosed it had secured a 20-year deal to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a "leading frontier AI" company. - Rocket Lab (RKLB) shares drop as much as 5.7% after the company's Neutron timeline softened, with an analyst saying that while Neutron remains on track to reach launch pad in the fourth quarter, it could push an initial launch to 2027. - Babcock & Wilcox Enterprises (BW) rose in premarket after the company signed an agreement with Siemens Energy to produce steam turbine generator sets. - US-listed shares in On Holding (ONON) drop as much as 17% in premarket trading after the Swiss sneaker maker's second-quarter sales were lower than expected.

Read more: Rocket Lab Drops on Launch Pushback; Riot Platforms' Anthropic Deal | Stock Movers
Bloomberg
Financial

IGH Sees Positive Momentum Continuing in Second Half

Elie Maalouf, chief executive officer at InterContinental Hotels Group Plc, discusses the hotel group's first-half performance, factors contributing to demand and the outlook for the second half. "There's a sense of prosperity," Maalouf tells Bloomberg Television. "And within that sense of prosperity, where people want to spend their time and money is on experiences."

Read more: IGH Sees Positive Momentum Continuing in Second Half
Bloomberg
Financial

Europe's Extreme Heat Wave Crisis Is Getting Worse

Another wave of intense heat is sweeping across an already parched Europe this week, raising wildfire risks, threatening crops and drying watersheds feeding the region's critically low rivers. Europe's fifth major heat wave of the year is likely to block moisture-bearing clouds from helping refill rivers such as the Rhine, Po and Danube, where record low water levels have disrupted navigation and power production. Climate change is increasing the frequency and intensity of extreme heat on the world's fastest-warming continent, straining power grids, sapping water supplies and curbing farm output. Our Weather and Climate Reporter Joe Wertz joined Stephen Carroll and Tiwa Adebayo on Bloomberg Radio to discuss.

Read more: Europe's Extreme Heat Wave Crisis Is Getting Worse