As of August 7, today’s news features Prysmian reaching a historic high in its stock price and relevant developments in global trade dynamics following tariff changes imposed by the U.S. Prysmian has achieved a new all-time high, trading at 73.98 euros per share shortly after the opening of Wall Street, marking a 4.4% increase close to the end of European trading. This surge is also attributed to a positive reevaluation by analysts at Jefferies, who have raised their target price from 72 euros to 84 euros. The company's competitive edge stems from its U.S. manufacturing capabilities, which allow it to navigate tariffs on copper imports imposed by President Trump. Since the significant market downturn in early April, Prysmian's stock has regained significantly highlighting its strong performance amidst market uncertainties linked to economic conditions in Europe. Turning to international trade, President Trump has initiated increased tariffs on imports, elevating the average U.S. import duty to the highest level in a century. Effective immediately, these tariffs range from 10% to 50% and have sparked swift negotiations among major trade partners, including Brazil and India, who remain defiant in the face of these levies. This shift aims to reduce the U.S. trade deficit; however, it has raised concerns about potential disruptions to global supply chains and inflationary impacts. On the financial side, global technology stocks have seen a notable uptick as Apple, alongside other tech firms, experienced a rally following Trump's announcement of tariff exemptions for companies committed to U.S. manufacturing. Apple’s stock rose by 2%, recovering losses from earlier in the year, as it plans an additional investment of 100 billion dollars in the American market. Meanwhile, TotalEnergies has made the strategic decision not to invest in NextDecade’s fifth liquefied natural gas project in Texas, citing a need to prioritize less costly projects as it reevaluates its global LNG strategy. This indicates a shift in focus towards projects with potentially lower financial exposure, especially in light of rising construction costs exacerbated by U.S. tariffs. From the international front, recent announcements regarding a forthcoming meeting between Trump and Putin have heightened attention on U.S.-Russia relations, particularly in connection with the conflict in Ukraine. Trump's threats of new sanctions against nations, including those participating in purchasing Russian oil, could further complicate the geopolitical landscape.