As of July 31, today’s news is dominated by Prysmian's significant financial updates and developments in copper tariffs. Prysmian increased its guidance for the full year 2025 after beating consensus in its first half and second quarter results. Prysmian was able to improve its guidance thanks to the contribution from Channell and from its performance in the first half of the year, it said in a press releases. Massimo Battaini, Prysmian CEO, reacted in the morning call with media and analysts giving his view on how Prysmian will be well positioned in the light of the latest announcement on copper tariffs from the Trump administration yesterday evening in which the Trump administration set a 50% tariff on finished materials in the copper sector including cables but also excluded raw materials. As a result Massimo Battaini, Prysmian CEO, said this is a positive for Prysmian which is well protected compared to competitors in the copper space and this could also, according to Reuters reporting, sustain higher margins according to the CEO Battaini. The share price rose as much as 4% during the day, based on the positivity issued by Prysmian as positive the impact from the tariffs as well as improvement in the exchange rate, may lead to an upside to guidance later on in the year. Battaini told a media call that the guidance may be prudent but Prysmian’s position is much stronger than it was 24 hours previously, in the morning call with journalists. Prysmian closed the day at +2.74%, with several analysts maintaining bullish ratings and JP Morgan upgrading the target price to 82 euros. In competitor news, Schneider Electric confirmed its 2025 outlook amidst strong demand for its data center solutions, reporting an 8.3% revenue growth in the second quarter, driven largely by its energy management division. However, they fell during trading. This momentum aligns with broader market trends emphasizing electrification and increased investments in data centers. Meanwhile, as mentioned before, in the global copper market, U.S. President Donald Trump's mixed signal regarding copper tariffs resulted in a significant shift in copper prices, with premiums over global benchmarks diminishing sharply following his announcement of a 50% tariff on specific copper products. Analysts expect this could lead to a tightening supply and potential price hikes in the future as the global market recalibrates to these developments. Elsewhere, major announcements from China reflect ongoing industry adjustments, particularly in polysilicon production, where top firms are exploring capacity reductions to stabilize prices amid an overcapacity crisis.