Today's biggest winners and losers in the stock market.
On this episode of Stock Movers: 
- SAP shares rise as much as 5.5% after the firm reported 2Q cloud backlog growth that beat estimates, easing investor fears that companies’ software budgets are at risk of increased AI spending. 
- Volkswagen shares fall as much as 3.2% as a deepening slump in China intensifies pressure on Chief Executive Officer Oliver Blume to overhaul Europe’s largest carmaker.
- Wise shares dropped more than 10% after its application to become a national trust bank in the US was rejected by the US Office of the Comptroller of the Currency, delivering a setback for the fintech’s plans to expand in the US.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SAP shares rise as much as 5.5% after the firm reported 2Q cloud backlog growth that beat estimates, easing investor fears that companies&rsquo; software budgets are at risk of increased AI spending. - Volkswagen shares fall as much as 3.2% as a deepening slump in China intensifies pressure on Chief Executive Officer Oliver Blume to overhaul Europe&rsquo;s largest carmaker. - Wise shares dropped more than 10% after its application to become a national trust bank in the US was rejected by the US Office of the Comptroller of the Currency, delivering a setback for the fintech&rsquo;s plans to expand in the US.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

SAP Gains, VW Falls, Wise Drops

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c8e6f27f-a3b1-47a2-a5a4-b4910084d8aa/transcript