Welcome to Markets Desk, here's what's moving your money right now.
WiseTech Global is expanding its footprint in supply chain intelligence, agreeing to acquire FRDM dot ai for an upfront ten million dollars in cash and shares. The deal brings AI-powered risk and compliance technology into WiseTech's logistics software platform, a clear signal that supply chain visibility is becoming table stakes for enterprise software players.
Shifting to earnings, Akzo Nobel delivered a solid second quarter, with profit to shareholders climbing to one hundred thirty nine million euros from one hundred twenty four million a year ago. Adjusted EBITDA reached three hundred ninety eight million euros, and management confirmed the company remains on track to hit its full-year targets, giving investors a measure of confidence in the coatings giant's execution.
Meanwhile, AppLovin's stock dropped twenty four percent in the first half of two thousand twenty six, and that's worth unpacking because the underlying business kept growing. The selloff appears driven by valuation compression rather than operational deterioration, a distinction that matters enormously when assessing whether this is a broken story or simply a repriced one. Patient investors will be watching closely.
That's the tape. Markets Desk, signing off the floor.
