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Drone attack causes fire on two ships at Egypt's Damietta port, no group claims responsibility

Market News
30 Jul 2026
CNBC
View Source
Bearish
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A drone attack on Wednesday caused fires on two ships at Egypt's Damietta port, including a regasification ship and a storage vessel, according to Egypt's Petroleum Ministry. The fires were quickly controlled by emergency teams, and no casualties have been reported. The attack remains unclaimed but occurs amid rising regional tensions involving Iran and allied militias targeting energy infrastructure. This incident highlights growing security risks for energy assets in the Middle East and may impact regional stability and energy markets.

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Crescent Biopharma reports Q2 2026 results, advances cancer drug trials, and raises $143.7M to fund operations through 2028

Crescent Biopharma reports Q2 2026 results, advances cancer drug trials, and raises $143.7M to fund operations through 2028

Crescent Biopharma announced its second quarter 2026 financial results, highlighting progress in clinical trials for its cancer therapies, including CR-001, a PD-1 x VEGF bispecific antibody, and ADC candidates CR-002 and CR-003. The company is enrol...

Company Fundamentals
Bullish
1 hour ago
Ferrari raises 2026 guidance after Q2 revenue and profit rise on strong personalization demand

Ferrari raises 2026 guidance after Q2 revenue and profit rise on strong personalization demand

Ferrari reported Q2 2026 net revenues of €1.94 billion, up 8% year-on-year, driven by a richer product mix and increased personalization sales. Operating profit rose 10% to €605 million with a margin of 31.2%, while net profit grew 9% to €463 million...

Company Fundamentals
Bullish
1 hour ago
Dimensional Fund Advisors discloses 1.58% stake in Gamma Communications PLC shares.

Dimensional Fund Advisors discloses 1.58% stake in Gamma Communications PLC shares.

Dimensional Fund Advisors Ltd. has publicly disclosed holding a 1.58% stake in Gamma Communications PLC as of July 29, 2026. The disclosure, made under Rule 8.3 of the Takeover Code, indicates ownership of 1,414,785 ordinary shares. This filing is a ...

Market News
Neutral
3 hours ago
Microsoft Q2 shows strong 18% revenue growth and 26% cash margins, with order book doubling revenue.

Microsoft Q2 shows strong 18% revenue growth and 26% cash margins, with order book doubling revenue.

Microsoft's Q2 results reveal robust fundamentals, including 18% year-over-year revenue growth and strong 26% unlevered free cash flow margins despite increased capital expenditures. The company's rapidly expanding order backlog, up 84% year-over-yea...

Analyst Insights
Bullish
4 hours ago
Cycurion wins $54.6M 10-year contract with top consulting firm for state health system modernization

Cycurion wins $54.6M 10-year contract with top consulting firm for state health system modernization

Cycurion secured its largest contract ever, a $54.6 million, 10-year deal with a top-5 global consulting firm to modernize and secure a state government's Health and Human Services System. The contract will generate over $5 million annually starting ...

Company Fundamentals
Bullish
4 hours ago
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