Markets

Fluence Energy will develop two battery storage projects in Germany for VERBUND, totaling 92 MW/186 MWh. The projects, located in Weißenthurm-Kettig and Elsterberg-Coschütz, will stabilize the grid and support renewable energy integration. VERBUND aims to expand its storage portfolio to 1 GW by 2030, and selected Fluence based on their experience, noise protection technology, and cybersecurity measures. The projects will use modular designs for scalability. Fluence currently has 750 MW of projects completed or under construction in Germany.

Screenshot Tool v1.2.2 update enhances functionality and efficiency based on user feedback. Key updates include streamlined image library management with direct access to local folders and custom save paths, macOS-specific optimizations for screen capture permissions and simultaneous audio recording, and improved stability. The tool also offers intelligent capture, cross-platform support with cloud and local storage, and versatile screen recording with independent audio controls.

Sam’s Club in China faces customer backlash due to changes in product selection. Members are complaining about the discontinuation of popular items with high repurchase rates and the introduction of products they deem to be of lower quality, like a low-sugar Orion Pie. Some express frustration that the curated shopping experience they pay for is being compromised by items available in ordinary stores. Customer service acknowledges the changes and promises to improve product quality.

Silver Pegasus Acquisition Corp. (SPEGU) debuts on Nasdaq today after a $100 million IPO, priced at $10.00 per unit. Led by CEO Cesar Johnston, the semiconductor-focused SPAC aims to acquire a company in the industry. The offering consists of 10 million units, each containing one Class A ordinary share and one right. Trading under SPEGU, SPEG, and SPEGR, Silver Pegasus seeks to capitalize on semiconductor demand, acknowledging industry competition and regulatory challenges. Roth Capital Partners is the sole underwriter, with the IPO expected to close tomorrow.

GSR Ventures Managing Partner Zhu Xiaohu predicts that large language models (LLMs) will “devour” 90% of AI Agents. His comments, shared on Xiaohongshu, follow previous skepticism about embodied AI and highlight his firm’s bullish stance on the broader AI landscape, evidenced by investments in companies like Robopoet and LiblibAI. Zhu likened AI Agent startups to early internet webmasters, suggesting they learn from successful internet companies. His perspective sparks debate about the long-term viability of standalone AI Agents.

On July 14th, a Myanmar National Airlines Boeing 737-800 (XY-ALV), flight UB805 from Yangon, experienced a landing incident at Kunming Airport, damaging its right main landing gear. All passengers deplaned safely with no injuries reported. The airport’s emergency response plan was activated, and operations have returned to normal after the aircraft was removed. The 15.6-year-old aircraft, previously with Garuda Indonesia, joined Myanmar National Airlines in May 2022. The incident highlights the importance of aviation safety and maintenance.

PROCEPT BioRobotics’ Aquablation therapy received a Category I CPT code (52XX1), effective January 1, 2026, replacing the previous Category III code. The 2026 Medicare Proposed Physician Fee Schedule assigns 16.14 RVUs to Aquablation, translating to a $540 average payment, slightly exceeding TURP’s $529. This milestone reflects Aquablation’s clinical value and aims to broaden adoption by urologists, expanding patient access. Proposed payment rates are subject to a public comment period, with the Final Rule expected in November 2025.

China’s economic data for H1 2025 reveals a recovery, with increased aggregate social financing and new RMB loans. Household deposits surged to a record 162.02 trillion yuan, a 7.42% increase, while household loan growth slowed significantly since 2021 due to real estate market weakness. Despite declining interest rates, household deposits continue to rise, with the growth rate accelerating compared to the previous year.

Nvidia’s CEO Jensen Huang disputes an MIT study claiming AI usage reduces cognitive abilities. The study suggests that relying on AI like ChatGPT impairs brain activity and critical thinking. Huang, a daily AI user, argues his cognitive skills are improving. He emphasizes AI as a learning tool that enhances critical thinking by prompting users to ask insightful questions and validate information. He advocates for actively engaging with AI to stimulate thought processes rather than passively accepting outputs. Huang believes the correct AI application can enhance cognitive capabilities.

Global Education Communities Corp. (GECSF) reported improved Q3 2025 financial results with stable revenue at $16.842M and a net income of $1.323M, a significant turnaround from Q1. Adjusted EBITDA surged to $6.805M. GECC is converting mortgages to lower-interest loans and secured rezoning for increased property density. The GEC Oakridge project is on track for early 2027 completion, and an educational asset divestiture is expected this month. While a net loss attributable to shareholders remains, GECC focuses on efficiency, reduced interest expenses, and strategic development.