As of August 4, today’s news sees financial updates including a revised target price for Prysmian and notable events in the energy sector. Prysmian received a ratings boost from Citigroup, which raised its target price for the company from 69 euros to 79 euros. In another major corporate news, Tesla has awarded CEO Elon Musk with 96 million new shares valued at approximately 29 billion dollars. This share award aims to retain Musk's leadership amid ongoing legal challenges regarding his previous compensation package, which was ruled unfair to shareholders. Tesla's focus seems to be shifting from electric vehicles to advancements in AI and robotics, emphasizing the company's strategic pivot towards new technological frontiers. Furthermore, Google has taken proactive steps to ensure energy efficiency in its operations. The company has entered into agreements with utilities to reduce power consumption during peak demand periods, amidst rising concerns about the electricity needs of AI data centers. Turning to market updates, copper prices saw a 1% increase on Monday, driven by fears of supply disruptions following a fatal mining accident at Chile's El Teniente mine. The prices were partially constricted by broader economic uncertainties. Chilean mining giant Codelco has halted operations at the site after a tremor led to a collapse that resulted in six worker fatalities. Meanwhile, energy technology firm Lummus Technology has filed for an IPO amid increasing domestic energy production initiatives, while India’s GreenLine Mobility Solutions plans a substantial investment in electric trucks for Hindustan Zinc as part of a decarbonization effort. In the oil sector, BP announced its largest discovery in 25 years offshore Brazil, potentially revitalizing its portfolio as the company transitions focus back towards fossil fuels in an effort to regain investor confidence. The new find may enhance BP's production capabilities significantly, as it plans to establish a major output hub at this site. From an economic perspective, Wall Street futures stabilized following a sharp downturn last week triggered by disappointing U.S. job reports. The recent labor market data have led traders to anticipate multiple interest rate cuts by the Federal Reserve soon, a shift that has buoyed market sentiment.