As of August 1, today’s news features Prysmian’s organizational changes and financial updates alongside global market reactions to new U.S. copper tariffs. Prysmian has announced a strategic reorganization to bolster its "Accelerating Growth" strategic plan, effective immediately. Internal appointments have been made, placing Cinzia Farisè in charge of the Electrification business while retaining her role in Power Grid, and Maria Cristina Bifulco leading the newly integrated Strategy, M&A, Investor Relations & Communication function. Srinivas Siripurapu will take on an extended role focusing on Sustainability, R&D, and Innovation. These changes follow Prysmian's excellent results in the first half of the year. Mediobanca Research has raised its target price for Prysmian from 74 euros to 80 euros, while Kepler Cheuvreux has raised it to eur 80 from eur 74. In the copper market, U.S. prices stabilized after a dramatic drop following Trump's tariff exemptions on refined copper. This recent fluctuation comes against the backdrop of potential disruptions from rising inventories and the ongoing decline in Chinese manufacturing activity, which has intensified supply concerns. Furthermore, China's refined copper output is projected to reach a record high in 2025, despite a global shortage of copper ore that challenges competitors. Reports reveal that major solar firms in China have laid off nearly a third of their workforce, a reflection of the industry's struggles with overproduction and sagging demand. On the international front, the markets have reacted sharply to significant tariffs imposed by U.S. President Donald Trump on numerous trading partners, causing global stock markets to dip. With tariffs on imports from Canada (35%), Brazil (50%), India (25%), and others, the move has generated widespread concern among investors. This escalation brings the effective tariff rate to about 18%, up from 2.3% last year, according to analysts at Capital Economics, which has heightened fears of a market downturn, notably impacting European stock indices. In India, the renewable energy sector continues to grapple with delays, as stranded projects have more than doubled, indicating challenges in achieving the country’s energy transition goals. Meanwhile, the European Union's court ruled favorably for wind farm developers in Spain, which could help clear obstacles for investment in renewable energy projects.