A day marked by significant economic and environmental developments unfolds, with attention on key market shifts and legislative battles. Some highlights from the news include Prysmian's positive reception on Wall Street, with Deutsche Bank raising its target price for the company to 69 euros from 67 euros, reflecting confidence in its performance. Similarly, Jefferies has boosted its target for Prysmian from 68 euros to 72 euros, citing an expected positive update ahead of its upcoming quarterly results, primarily driven by continued growth in U.S. electrification and contributions from its Power Grids segment. Additionally, Prysmian has been recognized as one of the Top 40 most sustainable companies globally, with ambitious targets to reduce emissions significantly by 2030, well ahead of schedule. Turning to market updates, the U.S. Senate is grappling with internal divisions as it attempts to pass President Trump's expansive $3.3 trillion tax and spending bill. With votes expected soon, Republican leaders are scrambling to secure support while debates about cuts to Medicaid and other programs intensify. In global scenarios, the rare earth magnet industry is experiencing a shift as users are prompted to pay premium prices for supplies outside China, highlighting ongoing supply chain challenges amid evolving global trade dynamics. From the international front, Europe faces severe heatwaves prompting closures of schools in France and warnings about increased wildfire risks. Meanwhile, the U.S. Supreme Court's recent rulings have dealt significant blows to environmental protections, drawing criticism from advocates concerned about public health and safety. As the day progresses, these developments encapsulate a world where sustainability, economic stability, and legislative action remain interlinked and of paramount importance.
Show More
Show Less
Jul 2 20252 mins
2 mins